All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Age of householder
Per the latest American Community Survey by the Census Bureau, St. Francis sees its highest median household income among householders in the age group of 25 to 44 years old, at $65,305. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in St. Francis, the median household income stands at $65,305 for householders within the 25 to 44 years age group, followed by $32,878 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $25,672.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $42,422(185.39%), escalating from a median of $22,883 in 2011 to $65,305 in 2021.
- 5(2.60%) households where the householder is under 25 years old.
- 97(50.52%) households with a householder aged between 25 and 44 years.
- 71(36.98%) households with a householder aged between 45 and 64 years.
- 19(9.90%) households where the householder is over 65 years old.
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Gender
In St. Francis, the population consists of 378 males (55.59%) and 302 females (44.41%). Here are the primary highlights from the gender-based income distribution analysis:
- In St. Francis, the median income for all workers aged 15 years and older, regardless of work hours, was $28,613 for males and $39,859 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $36,180 for males and $54,609 for females.
- In St. Francis, the median income for all workers aged 15 years and older, regardless of work hours, was $28,613 for males and $39,859 for females.
- In St. Francis, among full-time, year-round workers aged 15 years and older, males earned a median income of $36,180, while females earned $54,609
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Race
In St. Francis, the population is predominantly American Indian and Alaska Native, constituting 74.71% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for American Indian and Alaska Native households is $20,653.
- In St. Francis, despite the American Indian and Alaska Native population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $87,674. This reveals that, while American Indian and Alaska Natives may be the most numerous in St. Francis, Asian households experience greater economic prosperity in terms of median household income.
- Even though there is a population where the householder is White, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- As per the U.S. Census Bureau population data, in St. Francis, 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. Francis, SD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for St. Francis increased by $7,167 (23.37%), 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 2020 to 2021, when the median household income increased by 18,475 (from $19,357 to $37,832). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 9,168 (from $27,348 to $18,180).
- It then further decreased to 18,016 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4428, it is evident that income distribution in St. Francis, SD exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $48,304. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $30,176.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)