Age of householder
Per the latest American Community Survey by the Census Bureau, Watson township sees its highest median household income among householders in the age group of 45 to 64 years old, at $77,980. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Watson township, where there exist only two delineated age groups, the median household income is $77,980 for householders within the 45 to 64 years age group, compared to $34,859 for 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 $10(0.03%), declining from a median of $34,869 in 2011 to $34,859 in 2021.
- 2(2.25%) households where the householder is under 25 years old.
- 10(11.24%) households with a householder aged between 25 and 44 years.
- 50(56.18%) households with a householder aged between 45 and 64 years.
- 27(30.34%) households where the householder is over 65 years old.
Read more about Watson township, Warren County, Pennsylvania median household income by age ➔
Gender
In Watson township, the population consists of 125 males (55.56%) and 100 females (44.44%). Here are the primary highlights from the gender-based income distribution analysis:
- In Watson township, the median income for all workers aged 15 years and older, regardless of work hours, was $36,481 for males and $19,688 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $87,487 for males and $34,147 for females.
- In Watson township, the median income for all workers aged 15 years and older, regardless of work hours, was $36,481 for males and $19,688 for females.
- In Watson township, among full-time, year-round workers aged 15 years and older, males earned a median income of $87,487, while females earned $34,147, leading to a 61% gender pay gap among full-time workers. This illustrates that women earn 39 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
Read more about Watson township, Warren County, Pennsylvania income by gender ➔
Race
In Watson township, the population is predominantly White, constituting 97.78% 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 $73,232.
- In Watson township, White is both the largest group and the one with the highest median household income, which stands at $73,232.
- In Watson township, the median household income for the households where the householder is White increased by $4,584(6.68%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $68,648 in 2011 and $73,232 in 2021.
- As per the U.S. Census Bureau population data, in Watson township, 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
Watson township, Warren County, Pennsylvania median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Watson township decreased by $6,038 (7.62%), 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 2017 to 2018, when the median household income increased by 9,602 (from $72,232 to $81,834). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 10,622 (from $79,270 to $68,648).
- It then further increased to $76,629 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4206, it is evident that income distribution in Watson township, Warren County, Pennsylvania exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $75,664. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $33,779.
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