Age of householder
Per the latest American Community Survey by the Census Bureau, Westport sees its highest median household income among householders in the age group of 45 to 64 years old, at $83,771. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Westport only reports a median household income of $83,771 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $33,102(65.33%), escalating from a median of $50,669 in 2011 to $83,771 in 2021.
- 0 households where the householder is under 25 years old.
- 20(62.50%) households with a householder aged between 25 and 44 years.
- 10(31.25%) households with a householder aged between 45 and 64 years.
- 2(6.25%) households where the householder is over 65 years old.
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Gender
In Westport, the population consists of 31 males (70.45%) and 13 females (29.55%). Here are the primary highlights from the gender-based income distribution analysis:
- In Westport, while the Census reported a median income of $39,521 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 $39,656 for males and $45,939 for females.
- In Westport, while the Census reported a median income of $39,521 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 Westport, among full-time, year-round workers aged 15 years and older, males earned a median income of $39,656, while females earned $45,939
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Race
In Westport, the population is predominantly White, constituting 54.55% 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 $77,015.
- In Westport, White is both the largest group and the one with the highest median household income, which stands at $77,015.
- In Westport, the median household income for the households where the householder is White increased by $23,895(44.98%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,120 in 2011 and $77,015 in 2021.
- As per the U.S. Census Bureau population data, in Westport, 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
Westport, MN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Westport decreased by $18,464 (31.73%), 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 2012 to 2013, when the median household income increased by 13,502 (from $46,429 to $59,931). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 11,842 (from $59,931 to $48,089).
- It then further increased to $93,229 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2246, it is evident that income distribution in Westport, MN exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $57,802.
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