Age of householder
Per the latest American Community Survey by the Census Bureau, Victory town sees its highest median household income among householders in the age group of 65 years and over old, at $39,183. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Victory town only reports a median household income of $39,183 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $13,120(25.08%), declining from a median of $52,303 in 2011 to $39,183 in 2021.
- 0 households where the householder is under 25 years old.
- 2(5.88%) households with a householder aged between 25 and 44 years.
- 12(35.29%) households with a householder aged between 45 and 64 years.
- 20(58.82%) households where the householder is over 65 years old.
Read more about Victory, Vermont median household income by age ➔
Gender
In Victory town, the population consists of 35 males (59.32%) and 24 females (40.68%). Here are the primary highlights from the gender-based income distribution analysis:
- In Victory town, while the Census reported a median income of $47,096 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,072 for males and $47,290 for females.
- In Victory town, while the Census reported a median income of $47,096 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Victory town, among full-time, year-round workers aged 15 years and older, males earned a median income of $56,072, while females earned $47,290, 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.
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Race
In Victory town, the population is predominantly White, constituting 100% 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 $46,479.
- In Victory town, White is both the largest group and the one with the highest median household income, which stands at $46,479.
- In Victory town, the median household income for the households where the householder is White decreased by $6,525(12.31%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,004 in 2011 and $46,479 in 2021.
- As per the U.S. Census Bureau population data, in Victory 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.
Read more about Victory, Vermont median household income by race ➔
Year by year
Victory, Vermont median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Victory town increased by $4,314 (10.23%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 10,839 (from $42,165 to $53,004). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 12,970 (from $58,479 to $45,509).
- It then further remained the same for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3877, it is evident that income distribution in Victory, Vermont exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $56,748.
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