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, Chester town sees its highest median household income among householders in the age group of 45 to 64 years old, at $170,707. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Chester town, the median household income stands at $170,707 for householders within the 45 to 64 years age group, followed by $135,591 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $51,596.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $27,559(19.25%), escalating from a median of $143,148 in 2011 to $170,707 in 2021.
- 0 households where the householder is under 25 years old.
- 1,336(30.61%) households with a householder aged between 25 and 44 years.
- 1,945(44.57%) households with a householder aged between 45 and 64 years.
- 1,083(24.82%) households where the householder is over 65 years old.
Read more about Chester Town, Orange County, New York median household income by age ➔
Gender
In Chester town, the population consists of 5,972 males (47.65%) and 6,560 females (52.35%). Here are the primary highlights from the gender-based income distribution analysis:
- In Chester town, the median income for all workers aged 15 years and older, regardless of work hours, was $68,409 for males and $39,995 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $90,888 for males and $76,137 for females.
- In Chester town, the median income for all workers aged 15 years and older, regardless of work hours, was $68,409 for males and $39,995 for females.
- In Chester town, among full-time, year-round workers aged 15 years and older, males earned a median income of $90,888, while females earned $76,137, leading to a 16% gender pay gap among full-time workers. This illustrates that women earn 84 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Read more about Chester Town, Orange County, New York income by gender ➔
Race
In Chester town, the population is predominantly White, constituting 75.04% 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 $121,955.
- In Chester town, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $270,229. This reveals that, while Whites may be the most numerous in Chester town, Asian households experience greater economic prosperity in terms of median household income.
- In Chester town, the median household income for the households where the householder is White increased by $2,470(2.07%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $119,485 in 2011 and $121,955 in 2021.
- In Chester town, the median household income for the households where the householder is Black or African American increased by $19,298(15.23%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $126,715 in 2011 and $146,013 in 2021.
Read more about Chester Town, Orange County, New York median household income by race ➔
Year by year
Chester Town, Orange County, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Chester town increased by $13,822 (11.27%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 10,058 (from $126,434 to $136,492). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 7,665 (from $117,022 to $109,357).
- It then further increased to $204,360 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4151, it is evident that income distribution in Chester Town, Orange County, New York exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $157,408. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $44,157.
Read more about Chester Town, Orange County, New York median household income ➔
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)