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The total population of Wolcott is estimated to be 1,085 with 584 males (53.82%) and 501 females (46.18%). There are 83 less females than males in Wolcott.
The median household income in Wolcott was $70,453 in 2021, which marked an an increase of 1,949(2.85%) from $68,504 in 2020. This income is 94.43% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Wolcott sees its highest median household income among householders in the age group of 45 to 64 years old, at $101,336. Overall, the median household income for the town of Wolcott stands at $70,453.
In Wolcott, the median income for all workers aged 15 years and older, regardless of work hours, was $39,690 for males and $30,063 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,520 for males and $36,609 for females.
In Wolcott, population is primarily represented by White households, reporting a median income of $62,603.
In 2022, the population of Wolcott was 946, a 0.53% decrease year-by-year from 2021. Previously, in 2021, Wolcott's population was 951, a decline of 0.00% compared to a population of 951 in 2020.
The median age in Wolcott, IN is 34.7, as per 2021 ACS 5-Year Estimates. Of the total population, 26.69% were under the age of 15, 16.08% aged 15 to 29, 41.92% aged 30 to 64, 13.31% aged 65 to 84, and 2.00% were 85 years of age and older.
Racial distribution of Wolcott population: 90.38% are White, 3.38% are Black or African American, 0.77% are Asian, 4.23% are some other race and 1.23% are multiracial.