Age of householder
Per the latest American Community Survey by the Census Bureau, Sterling town sees its highest median household income among householders in the age group of 45 to 64 years old, at $83,095. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Sterling town, householders within the 45 to 64 years age group have the highest median household income at $83,095, followed by those in the 25 to 44 years age group with an income of $77,691. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $41,885. Notably, householders within the under 25 years age group, had the lowest median household income at $17,790.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $25,889(45.26%), escalating from a median of $57,206 in 2011 to $83,095 in 2021.
- 9(4.39%) households where the householder is under 25 years old.
- 53(25.85%) households with a householder aged between 25 and 44 years.
- 81(39.51%) households with a householder aged between 45 and 64 years.
- 62(30.24%) households where the householder is over 65 years old.
Read more about Sterling Town, Vernon County, Wisconsin median household income by age ➔
Gender
In Sterling town, the population consists of 280 males (50.27%) and 277 females (49.73%). Here are the primary highlights from the gender-based income distribution analysis:
- In Sterling town, the median income for all workers aged 15 years and older, regardless of work hours, was $42,925 for males and $29,274 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,764 for males and $50,893 for females.
- In Sterling town, the median income for all workers aged 15 years and older, regardless of work hours, was $42,925 for males and $29,274 for females.
- In Sterling town, for all full-time workers aged 15 years and older, the median income was equal at, $50,893 for both males and females. This indicates a gender income balance in Sterling town, where both men and women, in full-time year-round roles, earn an equal income.
Read more about Sterling Town, Vernon County, Wisconsin income by gender ➔
Race
In Sterling town, the population is predominantly White, constituting 98.92% 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 $69,449.
- In Sterling town, White is both the largest group and the one with the highest median household income, which stands at $69,449.
- In Sterling town, the median household income for the households where the householder is White increased by $16,492(31.14%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,957 in 2011 and $69,449 in 2021.
- As per the U.S. Census Bureau population data, in Sterling 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.
Read more about Sterling Town, Vernon County, Wisconsin median household income by race ➔
Year by year
Sterling Town, Vernon County, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Sterling town increased by $14,050 (25.36%), 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 2018 to 2019, when the median household income increased by 10,030 (from $58,453 to $68,483). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 7,810 (from $57,140 to $49,330).
- It then further increased to $76,115 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4493, it is evident that income distribution in Sterling Town, Vernon County, Wisconsin exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $33,441.
Read more about Sterling Town, Vernon County, Wisconsin median household income ➔