Age of householder
Per the latest American Community Survey by the Census Bureau, Wyocena town sees its highest median household income among householders in the age group of under 25 years old, at $112,145. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Wyocena town, householders within the under 25 years age group have the highest median household income at $112,145, followed by those in the 45 to 64 years age group with an income of $101,336. Meanwhile householders within the 25 to 44 years age group report the second lowest median household income of $100,135. Notably, householders within the 65 years and over age group, had the lowest median household income at $53,895.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $26,499(30.94%), escalating from a median of $85,646 in 2011 to $112,145 in 2021.
- 11(1.68%) households where the householder is under 25 years old.
- 197(30.03%) households with a householder aged between 25 and 44 years.
- 253(38.57%) households with a householder aged between 45 and 64 years.
- 195(29.73%) households where the householder is over 65 years old.
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Gender
In Wyocena town, the population consists of 1,011 males (57.12%) and 759 females (42.88%). Here are the primary highlights from the gender-based income distribution analysis:
- In Wyocena town, the median income for all workers aged 15 years and older, regardless of work hours, was $54,637 for males and $35,130 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,446 for males and $58,550 for females.
- In Wyocena town, the median income for all workers aged 15 years and older, regardless of work hours, was $54,637 for males and $35,130 for females.
- In Wyocena town, for all full-time workers aged 15 years and older, the median income was equal at, $58,550 for both males and females. This indicates a gender income balance in Wyocena town, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Wyocena town, the population is predominantly White, constituting 92.60% 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 $90,226.
- In Wyocena town, White is both the largest group and the one with the highest median household income, which stands at $90,226.
- In Wyocena town, the median household income for the households where the householder is White increased by $3,190(3.67%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $87,036 in 2011 and $90,226 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Wyocena Town, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Wyocena town increased by $8,354 (9.94%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 13,391 (from $78,987 to $92,378). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 13,230 (from $92,217 to $78,987).
- It then further increased to $135,851 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3743, it is evident that income distribution in Wyocena Town, Wisconsin exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $101,560. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $52,965.
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