Age of householder
Per the latest American Community Survey by the Census Bureau, Acton town sees its highest median household income among householders in the age group of 25 to 44 years old, at $93,638. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Acton town, the median household income stands at $93,638 for householders within the 25 to 44 years age group, followed by $75,664 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $59,942.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $8,930(17.51%), escalating from a median of $51,012 in 2011 to $59,942 in 2021.
- 5(0.43%) households where the householder is under 25 years old.
- 241(20.96%) households with a householder aged between 25 and 44 years.
- 568(49.39%) households with a householder aged between 45 and 64 years.
- 336(29.22%) households where the householder is over 65 years old.
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Gender
In Acton town, the population consists of 1,498 males (56.72%) and 1,143 females (43.28%). Here are the primary highlights from the gender-based income distribution analysis:
- In Acton town, the median income for all workers aged 15 years and older, regardless of work hours, was $45,604 for males and $28,415 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,547 for males and $48,347 for females.
- In Acton town, the median income for all workers aged 15 years and older, regardless of work hours, was $45,604 for males and $28,415 for females.
- In Acton town, among full-time, year-round workers aged 15 years and older, males earned a median income of $47,547, while females earned $48,347
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Race
In Acton town, the population is predominantly White, constituting 95.30% 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 $74,594.
- In Acton town, White is both the largest group and the one with the highest median household income, which stands at $74,594.
- In Acton town, the median household income for the households where the householder is White increased by $2,794(3.89%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $71,800 in 2011 and $74,594 in 2021.
- As per the U.S. Census Bureau population data, in Acton town, 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
Acton, Maine median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Acton town increased by $3,018 (4.21%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 12,669 (from $62,094 to $74,763). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 6,957 (from $75,396 to $68,439).
- It then further increased to $101,486 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4049, it is evident that income distribution in Acton, Maine exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $81,921. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $43,311.
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