Age of householder
Per the latest American Community Survey by the Census Bureau, Stony Creek sees its highest median household income among householders in the age group of 65 years and over old, at $61,043. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Stony Creek, where there exist only two delineated age groups, the median household income is $61,043 for householders within the 65 years and over age group, compared to $50,390 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $41,701(215.60%), escalating from a median of $19,342 in 2011 to $61,043 in 2021.
- 6(4.65%) households where the householder is under 25 years old.
- 23(17.83%) households with a householder aged between 25 and 44 years.
- 40(31.01%) households with a householder aged between 45 and 64 years.
- 60(46.51%) households where the householder is over 65 years old.
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Gender
In Stony Creek, the population consists of 93 males (34.96%) and 173 females (65.04%). Here are the primary highlights from the gender-based income distribution analysis:
- In Stony Creek, the median income for all workers aged 15 years and older, regardless of work hours, was $34,979 for males and $42,786 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $37,832 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Stony Creek, the median income for all workers aged 15 years and older, regardless of work hours, was $34,979 for males and $42,786 for females.
- In Stony Creek, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $37,832 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Stony Creek, the population is predominantly White, constituting 80.45% 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 $60,373.
- In Stony Creek, White is both the largest group and the one with the highest median household income, which stands at $60,373.
- In Stony Creek, the median household income for the households where the householder is White decreased by $18,316(23.28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $78,689 in 2011 and $60,373 in 2021.
- In Stony Creek, the median household income for the households where the householder is Black or African American decreased by $276(0.55%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $50,015 in 2011 and $49,739 in 2021.
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Year by year
Stony Creek, VA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Stony Creek increased by $9,711 (19.41%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 23,282 (from $50,035 to $73,317). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 18,097 (from $67,776 to $49,679).
- It then further increased to $96,831 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3245, it is evident that income distribution in Stony Creek, VA exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $64,855. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $59,623.
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