Age of householder
Per the latest American Community Survey by the Census Bureau, Woodburn sees its highest median household income among householders in the age group of 45 to 64 years old, at $49,992. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Woodburn, where there exist only two delineated age groups, the median household income is $49,992 for householders within the 45 to 64 years age group, compared to $24,321 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 $17,021(25.40%), declining from a median of $67,013 in 2011 to $49,992 in 2021.
- 6(8.33%) households where the householder is under 25 years old.
- 8(11.11%) households with a householder aged between 25 and 44 years.
- 32(44.44%) households with a householder aged between 45 and 64 years.
- 26(36.11%) households where the householder is over 65 years old.
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Gender
In Woodburn, the population consists of 76 males (45.24%) and 92 females (54.76%). Here are the primary highlights from the gender-based income distribution analysis:
- In Woodburn, the median income for all workers aged 15 years and older, regardless of work hours, was $29,274 for males and $21,618 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $35,130 for males and $42,426 for females.
- In Woodburn, the median income for all workers aged 15 years and older, regardless of work hours, was $29,274 for males and $21,618 for females.
- In Woodburn, among full-time, year-round workers aged 15 years and older, males earned a median income of $35,130, while females earned $42,426
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Race
In Woodburn, the population is predominantly White, constituting 84.52% 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 $43,086.
- In Woodburn, White is both the largest group and the one with the highest median household income, which stands at $43,086.
- In Woodburn, the median household income for the households where the householder is White decreased by $1,862(4.14%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $44,948 in 2011 and $43,086 in 2021.
- As per the U.S. Census Bureau population data, in Woodburn, 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
Woodburn, IA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Woodburn increased by $434 (1.02%), 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 2015 to 2016, when the median household income increased by 7,581 (from $42,871 to $50,452). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 7,039 (from $50,452 to $43,413).
- It then further increased to $71,610 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3297, it is evident that income distribution in Woodburn, IA exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $67,492.
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