Age of householder
Per the latest American Community Survey by the Census Bureau, Tripp town sees its highest median household income among householders in the age group of 45 to 64 years old, at $180,783. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Tripp town, the median household income stands at $180,783 for householders within the 45 to 64 years age group, followed by $85,122 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $81,068.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $116,221(180.01%), escalating from a median of $64,562 in 2011 to $180,783 in 2021.
- 0 households where the householder is under 25 years old.
- 26(19.26%) households with a householder aged between 25 and 44 years.
- 67(49.63%) households with a householder aged between 45 and 64 years.
- 42(31.11%) households where the householder is over 65 years old.
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Gender
In Tripp town, the population consists of 145 males (51.60%) and 136 females (48.40%). Here are the primary highlights from the gender-based income distribution analysis:
- In Tripp town, the median income for all workers aged 15 years and older, regardless of work hours, was $66,206 for males and $25,672 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $76,436 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Tripp town, the median income for all workers aged 15 years and older, regardless of work hours, was $66,206 for males and $25,672 for females.
- In Tripp town, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $76,436 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Tripp town, the population is predominantly White, constituting 89.68% 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 $97,012.
- In Tripp town, White is both the largest group and the one with the highest median household income, which stands at $97,012.
- In Tripp town, the median household income for the households where the householder is White increased by $31,905(49%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,107 in 2011 and $97,012 in 2021.
- As per the U.S. Census Bureau population data, in Tripp 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.
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Year by year
Tripp, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Tripp town increased by $26,915 (38.92%), 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 2019 to 2020, when the median household income increased by 20,304 (from $71,764 to $92,068). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 4,589 (from $69,151 to $64,562).
- It then further increased to $184,947 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3561, it is evident that income distribution in Tripp, Wisconsin exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $109,983. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $52,965.
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