Age of householder
Per the latest American Community Survey by the Census Bureau, Swartz Creek sees its highest median household income among householders in the age group of 25 to 44 years old, at $72,530. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Swartz Creek, the median household income stands at $72,530 for householders within the 25 to 44 years age group, followed by $64,774 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 $44,072.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $5,233(7.78%), escalating from a median of $67,297 in 2011 to $72,530 in 2021.
- 69(2.55%) households where the householder is under 25 years old.
- 787(29.13%) households with a householder aged between 25 and 44 years.
- 772(28.57%) households with a householder aged between 45 and 64 years.
- 1,074(39.75%) households where the householder is over 65 years old.
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Gender
In Swartz Creek, the population consists of 2,699 males (46.22%) and 3,140 females (53.78%). Here are the primary highlights from the gender-based income distribution analysis:
- In Swartz Creek, the median income for all workers aged 15 years and older, regardless of work hours, was $44,848 for males and $28,019 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $71,775 for males and $51,644 for females.
- In Swartz Creek, the median income for all workers aged 15 years and older, regardless of work hours, was $44,848 for males and $28,019 for females.
- In Swartz Creek, among full-time, year-round workers aged 15 years and older, males earned a median income of $71,775, while females earned $51,644, leading to a 28% gender pay gap among full-time workers. This illustrates that women earn 72 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Swartz Creek, the population is predominantly White, constituting 95.94% 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 $63,469.
- In Swartz Creek, White is both the largest group and the one with the highest median household income, which stands at $63,469.
- In Swartz Creek, the median household income for the households where the householder is White decreased by $2,524(3.82%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,993 in 2011 and $63,469 in 2021.
- In Swartz Creek, the median household income for the households where the householder is Black or African American increased by $23,103(88.96%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $25,970 in 2011 and $49,073 in 2021.
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Year by year
Swartz Creek, MI median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Swartz Creek increased by $3,324 (5.58%), 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 2013 to 2014, when the median household income increased by 6,649 (from $54,385 to $61,034). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 6,467 (from $61,034 to $54,567).
- It then further increased to $78,832 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4017, it is evident that income distribution in Swartz Creek, MI exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $78,742. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $35,650.
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