Age of householder
Per the latest American Community Survey by the Census Bureau, St. Armand town sees its highest median household income among householders in the age group of 25 to 44 years old, at $111,132. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in St. Armand town, householders within the 25 to 44 years age group have the highest median household income at $111,132, followed by those in the 45 to 64 years age group with an income of $105,775. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $73,031. Notably, householders within the under 25 years age group, had the lowest median household income at $40,430.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $38,201(56.53%), escalating from a median of $67,574 in 2011 to $105,775 in 2021.
- 25(3.52%) households where the householder is under 25 years old.
- 95(13.38%) households with a householder aged between 25 and 44 years.
- 374(52.68%) households with a householder aged between 45 and 64 years.
- 216(30.42%) households where the householder is over 65 years old.
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Gender
In St. Armand town, the population consists of 848 males (49.27%) and 873 females (50.73%). Here are the primary highlights from the gender-based income distribution analysis:
- In St. Armand town, the median income for all workers aged 15 years and older, regardless of work hours, was $49,816 for males and $43,352 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $66,807 for males and $57,527 for females.
- In St. Armand town, the median income for all workers aged 15 years and older, regardless of work hours, was $49,816 for males and $43,352 for females.
- In St. Armand town, among full-time, year-round workers aged 15 years and older, males earned a median income of $66,807, while females earned $57,527, resulting in a 14% gender pay gap among full-time workers. This illustrates that women earn 86 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the town of St. Armand town.
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Race
In St. Armand town, the population is predominantly White, constituting 96.80% 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 $77,015.
- In St. Armand town, White is both the largest group and the one with the highest median household income, which stands at $77,015.
- In St. Armand town, the median household income for the households where the householder is White increased by $8,829(12.95%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $68,186 in 2011 and $77,015 in 2021.
- As per the U.S. Census Bureau population data, in St. Armand town, 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
St. Armand, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for St. Armand town increased by $9,947 (15.22%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2011 to 2012, when the median household income increased by 8,872 (from $68,541 to $77,413). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 3,713 (from $79,171 to $75,458).
- It then further increased to $270,229 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4315, it is evident that income distribution in St. Armand, New York exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $110,082. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $53,145.
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