Age of householder
Per the latest American Community Survey by the Census Bureau, Stanardsville sees its highest median household income among householders in the age group of 25 to 44 years old, at $60,261. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Stanardsville, where there exist only two delineated age groups, the median household income is $60,261 for householders within the 25 to 44 years age group, compared to $59,720 for the 45 to 64 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $34,517(134.08%), escalating from a median of $25,744 in 2011 to $60,261 in 2021.
- 4(1.90%) households where the householder is under 25 years old.
- 77(36.49%) households with a householder aged between 25 and 44 years.
- 41(19.43%) households with a householder aged between 45 and 64 years.
- 89(42.18%) households where the householder is over 65 years old.
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Gender
In Stanardsville, the population consists of 267 males (56.57%) and 205 females (43.43%). Here are the primary highlights from the gender-based income distribution analysis:
- In Stanardsville, the median income for all workers aged 15 years and older, regardless of work hours, was $49,992 for males and $34,529 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $53,105 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Stanardsville, the median income for all workers aged 15 years and older, regardless of work hours, was $49,992 for males and $34,529 for females.
- In Stanardsville, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $53,105 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Stanardsville, the population is predominantly White, constituting 81.14% 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 $60,756.
- In Stanardsville, White is both the largest group and the one with the highest median household income, which stands at $60,756.
- In Stanardsville, the median household income for the households where the householder is White increased by $15,354(33.82%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $45,402 in 2011 and $60,756 in 2021.
- In Stanardsville, the median household income for Black or African American households was $23,292 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Stanardsville, VA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Stanardsville increased by $14,835 (32.63%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 12,260 (from $43,264 to $55,524). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 8,247 (from $44,537 to $36,290).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.5759, it is evident that income distribution in Stanardsville, VA exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $25,503.
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