Age of householder
Per the latest American Community Survey by the Census Bureau, West Union sees its highest median household income among householders in the age group of 25 to 44 years old, at $56,169. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, West Union only reports a median household income of $56,169 among householders in the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $1,905(3.51%), escalating from a median of $54,264 in 2011 to $56,169 in 2021.
- 0 households where the householder is under 25 years old.
- 15(41.67%) households with a householder aged between 25 and 44 years.
- 20(55.56%) households with a householder aged between 45 and 64 years.
- 1(2.78%) households where the householder is over 65 years old.
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Gender
In West Union, the population consists of 36 males (38.71%) and 57 females (61.29%). Here are the primary highlights from the gender-based income distribution analysis:
- In West Union, while the Census reported a median income of $52,694 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 $55,397 for males and $44,926 for females.
- In West Union, while the Census reported a median income of $52,694 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 West Union, among full-time, year-round workers aged 15 years and older, males earned a median income of $55,397, while females earned $44,926, leading to a 19% gender pay gap among full-time workers. This illustrates that women earn 81 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 West Union, 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 $55,976.
- In West Union, White is both the largest group and the one with the highest median household income, which stands at $55,976.
- In West Union, the median household income for the households where the householder is White decreased by $1,502(2.61%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,478 in 2011 and $55,976 in 2021.
- As per the U.S. Census Bureau population data, in West Union, 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
West Union, MN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for West Union decreased by $10,283 (15.52%), 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 2013 to 2014, when the median household income increased by 19,627 (from $59,229 to $78,856). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 15,840 (from $75,404 to $59,564).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3724, it is evident that income distribution in West Union, MN exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $33,643.
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