Age of householder
Per the latest American Community Survey by the Census Bureau, Virgil sees its highest median household income among householders in the age group of 45 to 64 years old, at $90,977. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Virgil, where there exist only two delineated age groups, the median household income is $90,977 for householders within the 45 to 64 years age group, compared to $35,805 for the 25 to 44 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $56,108(160.91%), escalating from a median of $34,869 in 2011 to $90,977 in 2021.
- 0 households where the householder is under 25 years old.
- 5(35.71%) households with a householder aged between 25 and 44 years.
- 6(42.86%) households with a householder aged between 45 and 64 years.
- 3(21.43%) households where the householder is over 65 years old.
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Race
In Virgil, the population is predominantly White, constituting 89.66% 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 $52,694.
- In Virgil, White is both the largest group and the one with the highest median household income, which stands at $52,694.
- In Virgil, the median household income for the households where the householder is White increased by $17,825(51.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $34,869 in 2011 and $52,694 in 2021.
- As per the U.S. Census Bureau population data, in Virgil, 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
Virgil, SD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Virgil increased by $22,001 (68.66%), 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 21,815 (from $64,587 to $86,402). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 32,356 (from $86,402 to $54,046).
- NA
- With a Gini coefficient of 0.2981, it is evident that income distribution in Virgil, SD exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $56,310.
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