Age of householder
Per the latest American Community Survey by the Census Bureau, Stem sees its highest median household income among householders in the age group of 25 to 44 years old, at $91,709. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Stem, the median household income stands at $91,709 for householders within the 25 to 44 years age group, followed by $79,717 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $65,530.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $54,906(516.81%), escalating from a median of $10,624 in 2011 to $65,530 in 2021.
- 11(2.56%) households where the householder is under 25 years old.
- 235(54.78%) households with a householder aged between 25 and 44 years.
- 117(27.27%) households with a householder aged between 45 and 64 years.
- 66(15.38%) households where the householder is over 65 years old.
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Gender
In Stem, the population consists of 499 males (42.98%) and 662 females (57.02%). Here are the primary highlights from the gender-based income distribution analysis:
- In Stem, the median income for all workers aged 15 years and older, regardless of work hours, was $55,547 for males and $43,705 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,223 for males and $52,175 for females.
- In Stem, the median income for all workers aged 15 years and older, regardless of work hours, was $55,547 for males and $43,705 for females.
- In Stem, among full-time, year-round workers aged 15 years and older, males earned a median income of $56,223, while females earned $52,175, resulting in a 7% gender pay gap among full-time workers. This illustrates that women earn 93 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 Stem.
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Race
In Stem, the population is predominantly White, constituting 59.86% 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 $81,796.
- In Stem, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $101,065. This reveals that, while Whites may be the most numerous in Stem, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Stem, the median household income for the households where the householder is White increased by $11,514(16.38%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $70,282 in 2011 and $81,796 in 2021.
- In Stem, the median household income for Black or African American households was $93,165 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
Stem, NC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Stem increased by $5,639 (7.52%), 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 2013 to 2014, when the median household income increased by 8,989 (from $70,070 to $79,059). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 8,719 (from $92,288 to $83,569).
- It then further increased to $49,541 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4263, it is evident that income distribution in Stem, NC exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $42,561.
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