Age of householder
Per the latest American Community Survey by the Census Bureau, Tiffin sees its highest median household income among householders in the age group of 25 to 44 years old, at $117,404. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Tiffin, where there exist only two delineated age groups, the median household income is $117,404 for householders within the 25 to 44 years age group, compared to $83,095 for the 45 to 64 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $49,511(72.93%), escalating from a median of $67,893 in 2011 to $117,404 in 2021.
- 211(12.02%) households where the householder is under 25 years old.
- 745(42.45%) households with a householder aged between 25 and 44 years.
- 529(30.14%) households with a householder aged between 45 and 64 years.
- 270(15.38%) households where the householder is over 65 years old.
Read more about Tiffin, IA median household income by age ➔
Gender
In Tiffin, the population consists of 2,190 males (48.86%) and 2,292 females (51.14%). Here are the primary highlights from the gender-based income distribution analysis:
- In Tiffin, the median income for all workers aged 15 years and older, regardless of work hours, was $53,554 for males and $42,945 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $70,233 for males and $58,859 for females.
- In Tiffin, the median income for all workers aged 15 years and older, regardless of work hours, was $53,554 for males and $42,945 for females.
- In Tiffin, among full-time, year-round workers aged 15 years and older, males earned a median income of $70,233, while females earned $58,859, leading to a 16% gender pay gap among full-time workers. This illustrates that women earn 84 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.
Read more about Tiffin, IA income by gender ➔
Race
In Tiffin, the population is predominantly White, constituting 85.12% 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 $92,553.
- In Tiffin, White is both the largest group and the one with the highest median household income, which stands at $92,553.
- In Tiffin, the median household income for the households where the householder is White increased by $27,385(42.02%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,168 in 2011 and $92,553 in 2021.
- In Tiffin, the median household income for Black or African American households was $75,886 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
Read more about Tiffin, IA median household income by race ➔
Year by year
Tiffin, IA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Tiffin increased by $16,536 (21.69%), 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 2016 to 2017, when the median household income increased by 9,163 (from $71,856 to $81,019). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 9,221 (from $76,234 to $67,013).
- It then further increased to $99,895 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3016, it is evident that income distribution in Tiffin, IA exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $112,032. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $46,972.
Read more about Tiffin, IA median household income ➔