All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Age of householder
Per the latest American Community Survey by the Census Bureau, Woodmere sees its highest median household income among householders in the age group of 25 to 44 years old, at $49,722. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Woodmere, where there exist only two delineated age groups, the median household income is $49,722 for householders within the 25 to 44 years age group, compared to $39,690 for the 45 to 64 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $3,764(7.04%), declining from a median of $53,486 in 2011 to $49,722 in 2021.
- 24(8.33%) households where the householder is under 25 years old.
- 154(53.47%) households with a householder aged between 25 and 44 years.
- 75(26.04%) households with a householder aged between 45 and 64 years.
- 35(12.15%) households where the householder is over 65 years old.
![Woodmere, OH median household income by age of householder The bar chart shows Woodmere, OH median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).](https://i.neilsberg.com/ch/woodmere-oh-median-household-income-by-age.jpeg)
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Gender
In Woodmere, the population consists of 293 males (43.34%) and 383 females (56.66%). Here are the primary highlights from the gender-based income distribution analysis:
- In Woodmere, the median income for all workers aged 15 years and older, regardless of work hours, was $32,172 for males and $33,779 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $33,393 for males and $49,317 for females.
- In Woodmere, the median income for all workers aged 15 years and older, regardless of work hours, was $32,172 for males and $33,779 for females.
- In Woodmere, among full-time, year-round workers aged 15 years and older, males earned a median income of $33,393, while females earned $49,317
![Woodmere, OH gender based income disparity Line chart showing the annual median income trends in Woodmere, OH for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).](https://i.neilsberg.com/ch/woodmere-oh-income-by-gender.jpeg)
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Race
In Woodmere, the population is predominantly Black or African American, constituting 38.76% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $74,313.
- In Woodmere, Black or African American is both the largest group and the one with the highest median household income, which stands at $74,313.
- In Woodmere, the median household income for the households where the householder is White increased by $4,784(13.51%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $35,413 in 2011 and $40,197 in 2021.
- In Woodmere, the median household income for the households where the householder is Black or African American increased by $16,697(28.98%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,616 in 2011 and $74,313 in 2021.
![Woodmere, OH median household income diversity across racial categories The bar chart shows Woodmere, OH median household income across all racial categories identified by the U.S. Census Bureau.](https://i.neilsberg.com/ch/woodmere-oh-median-household-income-by-race.jpeg)
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Year by year
Woodmere, OH median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Woodmere increased by $7,464 (18.21%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 5,699 (from $48,523 to $54,222). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 6,320 (from $54,768 to $48,448).
- It then further increased to $108,392 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.511, it is evident that income distribution in Woodmere, OH exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $67,827. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $38,339.
![Woodmere, OH median household income trend (2010-2021, in 2022 inflation-adjusted dollars) The line chart shows Woodmere, OH median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.](https://i.neilsberg.com/ch/woodmere-oh-median-household-income-trend.jpeg)
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)