Age of householder
Per the latest American Community Survey by the Census Bureau, Spring Hill sees its highest median household income among householders in the age group of 45 to 64 years old, at $154,706. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Spring Hill, where there exist only two delineated age groups, the median household income is $154,706 for householders within the 45 to 64 years age group, compared to $129,709 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $1,866(1.42%), declining from a median of $131,575 in 2011 to $129,709 in 2021.
- 0 households where the householder is under 25 years old.
- 1(2.17%) households with a householder aged between 25 and 44 years.
- 11(23.91%) households with a householder aged between 45 and 64 years.
- 34(73.91%) households where the householder is over 65 years old.
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Gender
In Spring Hill, the population consists of 30 males (41.67%) and 42 females (58.33%). Here are the primary highlights from the gender-based income distribution analysis:
- In Spring Hill, the median income for all workers aged 15 years and older, regardless of work hours, was $89,175 for males and $87,824 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $82,420 for males and $120,251 for females.
- In Spring Hill, the median income for all workers aged 15 years and older, regardless of work hours, was $89,175 for males and $87,824 for females.
- In Spring Hill, among full-time, year-round workers aged 15 years and older, males earned a median income of $82,420, while females earned $120,251
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Race
In Spring Hill, the population is predominantly White, constituting 100% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $129,709.
- In Spring Hill, White is both the largest group and the one with the highest median household income, which stands at $129,709.
- In Spring Hill, the median household income for the households where the householder is White decreased by $48,448(27.19%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $178,157 in 2011 and $129,709 in 2021.
- As per the U.S. Census Bureau population data, in Spring Hill, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Spring Hill, IN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Spring Hill decreased by $38,108 (22.71%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 23,005 (from $106,704 to $129,709). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 31,231 (from $150,473 to $119,242).
- It then further increased to $176,099 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2444, it is evident that income distribution in Spring Hill, IN exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $168,893. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $92,553.
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