Age of householder
Per the latest American Community Survey by the Census Bureau, Sun River Terrace sees its highest median household income among householders in the age group of 65 years and over old, at $57,423. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Sun River Terrace, where there exist only two delineated age groups, the median household income is $57,423 for householders within the 65 years and over age group, compared to $52,830 for the 25 to 44 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $34,774(153.53%), escalating from a median of $22,649 in 2011 to $57,423 in 2021.
- 0 households where the householder is under 25 years old.
- 73(45.06%) households with a householder aged between 25 and 44 years.
- 64(39.51%) households with a householder aged between 45 and 64 years.
- 25(15.43%) households where the householder is over 65 years old.
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Gender
In Sun River Terrace, the population consists of 261 males (50.19%) and 259 females (49.81%). Here are the primary highlights from the gender-based income distribution analysis:
- In Sun River Terrace, the median income for all workers aged 15 years and older, regardless of work hours, was $31,977 for males and $25,401 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,562 for males and $62,766 for females.
- In Sun River Terrace, the median income for all workers aged 15 years and older, regardless of work hours, was $31,977 for males and $25,401 for females.
- In Sun River Terrace, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,562, while females earned $62,766
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Race
In Sun River Terrace, the population is predominantly Black or African American, constituting 84.04% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $52,902.
- In Sun River Terrace, Black or African American is both the largest group and the one with the highest median household income, which stands at $52,902.
- In Sun River Terrace, the median household income for White households was $133,046 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- In Sun River Terrace, the median household income for the households where the householder is Black or African American increased by $20,690(64.23%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $32,212 in 2011 and $52,902 in 2021.
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Year by year
Sun River Terrace, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Sun River Terrace increased by $19,326 (58.46%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 22,392 (from $29,704 to $52,096). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 7,871 (from $37,488 to $29,617).
- It then further increased to $63,504 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4018, it is evident that income distribution in Sun River Terrace, IL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $53,370. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $39,859.
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