Age of householder
Per the latest American Community Survey by the Census Bureau, Western Springs sees its highest median household income among householders in the age group of 25 to 44 years old, at $262,239. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Western Springs, the median household income stands at $262,239 for householders within the 25 to 44 years age group, followed by $238,292 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $98,054.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $58,568(28.76%), escalating from a median of $203,671 in 2011 to $262,239 in 2021.
- 0 households where the householder is under 25 years old.
- 1,112(24.66%) households with a householder aged between 25 and 44 years.
- 2,228(49.40%) households with a householder aged between 45 and 64 years.
- 1,170(25.94%) households where the householder is over 65 years old.
Read more about Western Springs, IL median household income by age ➔
Gender
In Western Springs, the population consists of 6,898 males (50.91%) and 6,652 females (49.09%). Here are the primary highlights from the gender-based income distribution analysis:
- In Western Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $128,069 for males and $54,986 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $166,712 for males and $94,370 for females.
- In Western Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $128,069 for males and $54,986 for females.
- In Western Springs, among full-time, year-round workers aged 15 years and older, males earned a median income of $166,712, while females earned $94,370, leading to a 43% gender pay gap among full-time workers. This illustrates that women earn 57 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 Western Springs, IL income by gender ➔
Race
In Western Springs, the population is predominantly White, constituting 94.59% 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 $206,454.
- In Western Springs, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $270,229. This reveals that, while Whites may be the most numerous in Western Springs, Black or African American households experience greater economic prosperity in terms of median household income.
- In Western Springs, the median household income for the households where the householder is White increased by $28,187(15.81%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $178,267 in 2011 and $206,454 in 2021.
- In Western Springs, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $270,229(2022 inflation-adjusted dollars), marking a significant change.
Read more about Western Springs, IL median household income by race ➔
Year by year
Western Springs, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Western Springs increased by $33,274 (18.56%), 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 2018 to 2019, when the median household income increased by 11,785 (from $188,877 to $200,662). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 2,063 (from $177,956 to $175,893).
- It then further increased to $270,229 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4443, it is evident that income distribution in Western Springs, IL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $225,477. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $84,221.
Read more about Western Springs, IL median household income ➔