Hancock, IA annual median income by work experience and sex (Aged 15+, in 2022 inflation-adjusted dollars)
The table presents median income data over a decade or more for males and females categorized by Total, Full-Time Year-Round (FT), and Part-Time (PT) employment in Hancock. It showcases annual income, providing insights into gender-specific income distributions and the disparities between full-time1 and part-time2 work.
Year | Male Total Income | Male FT Income | Male PT Income | Female Total Income | Female FT Income | Female PT Income |
---|---|---|---|---|---|---|
2010 | $26,423 | $55,995 | $20,872 | $27,829 | $38,371 | $15,517 |
2011 | $26,026 | $55,300 | $20,431 | $30,588 | $38,573 | $12,142 |
2012 | $32,820 | $55,348 | $22,815 | $31,172 | $38,715 | $14,409 |
2013 | $39,034 | $53,973 | $17,979 | $30,655 | $38,700 | $19,276 |
2014 | $38,937 | $46,538 | $19,133 | $28,181 | $40,678 | $19,004 |
2015 | $38,715 | $48,006 | $26,843 | $22,842 | $35,618 | $19,486 |
2016 | $40,514 | $47,700 | $27,138 | $29,267 | $37,457 | $20,215 |
2017 | $45,210 | $59,881 | $32,561 | $30,315 | $40,419 | $22,788 |
2018 | $46,519 | $49,320 | $44,424 | $24,843 | $41,891 | $18,864 |
2019 | $44,015 | $63,870 | $35,882 | $21,119 | $37,317 | $18,339 |
2020 | $35,096 | $62,323 | $28,329 | $31,161 | $122,428 | $16,997 |
2021 | $32,996 | $58,099 | - | $22,294 | $121,988 | $15,924 |
TABLE OF CONTENTS
Hancock, IA gender pay gap statistics
In Hancock, the population consists of 108 males (43.90%) and 138 females (56.10%), a breakdown further detailed in Hancock population by gender.
With a gender ratio of 78.3:100 i.e. 78.3 men to 100 women (0.783), Hancock hosts fewer men than women. This demographic distribution sets the backdrop for our exploration into gender-based income disparities within the area.
Historically, addressing gender-based pay differences has been a pressing concern, prompting substantial efforts not only from government initiatives but also from advocacy groups, businesses, and social movements. To explore this further within the context of Hancock, our analysis will focus on examining the income data to understand the reality of gender-based pay differences.
Here are the key findings from our analysis:
- All workers, aged 15 years and older: In Hancock, the median income for all workers aged 15 years and older, regardless of work hours, was $32,996 for males and $22,294 for females.
These income figures highlight a substantial gender-based income gap in Hancock. Women, regardless of work hours, earn 68 cents for each dollar earned by men. This significant gender pay gap, approximately 32%, underscores concerning gender-based income inequality in the city of Hancock.
- Full-time workers, aged 15 years and older: In Hancock, among full-time, year-round workers aged 15 years and older, males earned a median income of $58,099, while females earned $121,988
Surprisingly, within the subset of full-time workers, women earn a higher income than men, earning 2.1 dollars for every dollar earned by men. This suggests that within full-time roles, womens median incomes significantly surpass mens, contrary to broader workforce trends.
To visualize the evolving trend, here is a line chart depicting the changes in gender-specific annual median incomes over time in Hancock, encompassing both full-time and all workers aged 15 years and older.
Hancock, IA gender and employment-based income distribution analysis (Ages 15+)
To gain insights into gender-based income distribution within the Hancock population, we conducted an analysis across 20 distinct brackets for males and females aged 15 years and over, covering both full-time year-round workers and other employment designations.
Within Hancock, among individuals aged 15 years and older with income, there were 94 men and 97 women in the workforce. Among them, 22 men were engaged in full-time, year-round employment, while 36 women were in full-time, year-round roles.
Analyzing the percentage of full-time, year-round workers to the total workforce reveals that among men, the proportion of full-time employment was 23.40%, whereas among women, the ratio was 37.11%. This indicates that a higher percentage of women were engaged in full-time, year-round roles compared to men.
Hancock annual income distribution by work experience and sex (Ages 15+ with income)
The following table provides a detailed breakdown of the count of individuals within distinct income brackets, categorizing them by gender (men and women) and employment type - full-time1 (FT) and part-time2 (PT), offering valuable insights into the diverse income landscapes within Hancock
Income Bracket | Full-Time Males | Part-Time Males | Full-Time Females | Part-Time Females |
---|---|---|---|---|
$1 to $2,499 or loss | - | 1 | - | 5 |
$2,500 to $4,999 | - | 25 | - | 1 |
$5,000 to $7,499 | - | 6 | - | 7 |
$7,500 to $9,999 | - | 1 | - | 3 |
$10,000 to $12,499 | - | - | - | 2 |
$12,500 to $14,999 | - | - | - | 14 |
$15,000 to $17,499 | - | - | - | 11 |
$17,500 to $19,999 | - | - | 1 | 3 |
$20,000 to $22,499 | - | 1 | - | 6 |
$22,500 to $24,999 | 2 | 1 | - | - |
$25,000 to $29,999 | - | 6 | 4 | 3 |
$30,000 to $34,999 | - | 19 | 3 | 3 |
$35,000 to $39,999 | - | 1 | 3 | - |
$40,000 to $44,999 | 4 | 8 | - | 1 |
$45,000 to $49,999 | 4 | - | - | 1 |
$50,000 to $54,999 | 1 | 2 | - | - |
$55,000 to $64,999 | 5 | 1 | 3 | - |
$65,000 to $74,999 | 1 | - | 1 | - |
$75,000 to $99,999 | 4 | - | - | 1 |
$100,000 or more | 1 | - | 21 | - |
To provide a more comprehensive understanding of income distribution, we have grouped the original income brackets into five broader categories for analysis purposes: Under $24,999, $25,000 to $49,999, $50,000 to $74,999, $75,000 to $99,999, and above $100,000. This grouping allows for a more focused assessment of income disparities across distinct income ranges, offering clearer insights into gender-based income distributions within the Hancock population.
The analysis unveiled the following key findings:
- Annual income under $24,999: Of the male population working full-time, 9.09% fell within the income range of under $24,999, while 2.78% of the female population working full-time was represented in the same income bracket. Additionally, among individuals in other non-full-time employment categories, 48.61% of males and 85.25% of females were found within this income range.
In total, among the population aged 15 years and older with income, across all employment categories, the analysis revealed that 39.36% of the entire male population and 54.64% of the entire female population fell within the income bracket of under $24,999.
A higher percentage of females compared to males falling within the under $24,999 income bucket suggests a potential disparity, indicating a greater concentration of women in this lower income range.
- Annual income between $25,000 and $49,999: 36.36% of males in full-time employment were within the $25,000 to $49,999 income range, while 27.78% of females in full-time roles were represented in this income bracket. Moreover, among other employment categories, 47.22% of males and 13.11% of females fell into this income range.
Considering the population aged 15 years and older with income across all employments, 44.68% of the total male population and 18.56% of the total female population were encompassed within this income bracket.
The higher representation of males compared to females in the $25,000 to $49,999 income bracket indicates a potential inequality, emphasizing a greater prevalence of men within this lower-middle income range.
- Annual income between $50,000 and $74,999: 31.82% of men in full-time employment fell within the $50,000 to $74,999 income bracket, while 11.11% of women in full-time positions were also within this income range. Furthermore, among individuals in other non-full-time employment categories, 4.17% of men and none of women were situated within this specific income bracket.
Overall, considering the entire population aged 15 years and older with income across all job types, 10.64% of the total male population and 4.12% of the total female population were found within the $50,000 to $74,999 income bracket.
The higher proportion of males compared to females in the $50,000 to $74,999 income bracket suggests a potential inequality, emphasizing a greater prevalence of men within this middle-income range.
- Annual income between $75,000 and $99,999: 18.18% of men in full-time roles occupied the $75,000 to $99,999 income bracket, while none of women in full-time positions shared this income range. Additionally, among individuals in other non-full-time employment categories, none of men and 1.64% of women were situated within this specific income bracket.
In total, among the entire population aged 15 years and older with income across all job types, 4.26% of the total male population and 1.03% of the total female population fell within the $75,000 to $99,999 income bracket.
The elevated ratio of males to females in the $75,000 to $99,999 income bracket hints at a potential inequality, underscoring a stronger predominance of men within this upper-middle income range.
- Annual income above $100,000: 4.55% of men in full-time roles earned incomes exceeding $100,000, while 58.33% of women in full-time positions earned within this income bracket. Additionally, among those in alternative non-full-time employment, none of men and none of women earned within this income bracket.
In total, across the entire population aged 15 years and older with income across all job types, 1.06% of the total male population and 21.65% of the total female population earned incomes above $100,000.
The increased proportion of females compared to males in the above $100,000 income bracket suggests a potential inequality, emphasizing a greater predominance of women in this higher income range.
Things to know
Is there a gender-based pay gap in Hancock, IA?
In Hancock, the median income for all workers aged 15 years and older, regardless of work hours, was $32,996 for males and $22,294 for females.
These income figures highlight a substantial gender-based income gap in Hancock. Women, regardless of work hours, earn 68 cents for each dollar earned by men. This significant gender pay gap, approximately 32%, underscores concerning gender-based income inequality in the city of Hancock.
What is the average annual income for a women in Hancock, IA?
The median income for females aged 15 years and older in Hancock is $22,294, indicating that half of the female population in this age group earns more than this figure, while the other half earns less. This data is sourced from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.
What is the average annual income for men in Hancock, IA?
The median income for males aged 15 years and older in Hancock is $32,996, indicating that half of the male population in this age group earns more than this figure, while the other half earns less. This data is sourced from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.
Is $100,000 considered low annual income in Hancock, IA?
In Hancock, while 58.33% of women aged 15 years and older working full-time year-round earned incomes exceeding $100,000, only 4.55% of men in similar positions reached this income bracket. These statistics suggest that while a substantial portion of women surpass the $100,000 mark, the percentage is notably lower for men in comparable roles.
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)
Notes
The analysis presented in this article is based on estimates derived from the U.S. Census Bureau American Community Survey. While these figures offer valuable insights, they are subject to a margin of error. It is advisable to exercise caution and consider the potential margin of error when interpreting and utilizing this data.