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 45 to 64 years old, at $44,294. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in West Union, where there exist only two delineated age groups, the median household income is $44,294 for householders within the 45 to 64 years age group, compared to $26,155 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $732(1.63%), declining from a median of $45,026 in 2011 to $44,294 in 2021.
- 0 households where the householder is under 25 years old.
- 321(25.36%) households with a householder aged between 25 and 44 years.
- 558(44.08%) households with a householder aged between 45 and 64 years.
- 387(30.57%) households where the householder is over 65 years old.
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Gender
In West Union, the population consists of 1,643 males (52.46%) and 1,489 females (47.54%). Here are the primary highlights from the gender-based income distribution analysis:
- In West Union, the median income for all workers aged 15 years and older, regardless of work hours, was $33,735 for males and $18,570 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,181 for males and $36,498 for females.
- In West Union, the median income for all workers aged 15 years and older, regardless of work hours, was $33,735 for males and $18,570 for females.
- In West Union, among full-time, year-round workers aged 15 years and older, males earned a median income of $68,181, while females earned $36,498, leading to a 46% gender pay gap among full-time workers. This illustrates that women earn 54 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.
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Race
In West Union, the population is predominantly White, constituting 96.97% 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 $34,041.
- In West Union, White is both the largest group and the one with the highest median household income, which stands at $34,041.
- In West Union, the median household income for the households where the householder is White decreased by $6,762(16.57%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,803 in 2011 and $34,041 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
West Union, OH 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 $7,930 (18.89%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 6,196 (from $27,845 to $34,041). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 11,864 (from $41,715 to $29,851).
- It then further increased to $76,770 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4708, it is evident that income distribution in West Union, OH exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $52,352. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $26,568.
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