Deposit Town, New York Income

The inflation-adjusted median household income in Deposit town was $34,859, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$34,859
Median household income
0.5466
Gini coefficient
65 years and over ($35,437)
Highest median income age group
$312,452
Income of top 5%

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

Age of householder

Per the latest American Community Survey by the Census Bureau, Deposit town sees its highest median household income among householders in the age group of 65 years and over old, at $35,437. Here are the key highlights for income distribution by age:

  • In terms of income distribution across age cohorts, in Deposit town, where there exist only two delineated age groups, the median household income is $35,437 for householders within the 65 years and over age group, compared to $33,779 for the under 25 years age group.
  • Notably, household income for individuals within the Under 25 years age group demonstrated the smallest decline of $5,720(14.48%), declining from a median of $39,499 in 2011 to $33,779 in 2021.
  • 9(1.57%) households where the householder is under 25 years old.
  • 103(17.91%) households with a householder aged between 25 and 44 years.
  • 248(43.13%) households with a householder aged between 45 and 64 years.
  • 215(37.39%) households where the householder is over 65 years old.
The bar chart shows Deposit Town, New York 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).
Deposit Town, New York median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Deposit town, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Deposit Town, New York median household income by age ➔

Gender

In Deposit town, the population consists of 658 males (48.10%) and 710 females (51.90%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Deposit town, the median income for all workers aged 15 years and older, regardless of work hours, was $34,331 for males and $19,117 for females.
  • However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,099 for males and $42,561 for females.
  • In Deposit town, the median income for all workers aged 15 years and older, regardless of work hours, was $34,331 for males and $19,117 for females.
  • In Deposit town, among full-time, year-round workers aged 15 years and older, males earned a median income of $58,099, while females earned $42,561, leading to a 27% gender pay gap among full-time workers. This illustrates that women earn 73 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.
Line chart showing the annual median income trends in Deposit Town, New York 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).
Deposit Town, New York gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

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Race

In Deposit town, the population is predominantly White, constituting 92.47% 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 $35,805.
  • In Deposit town, White is both the largest group and the one with the highest median household income, which stands at $35,805.
  • In Deposit town, the median household income for the households where the householder is White decreased by $16,090(31%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $51,895 in 2011 and $35,805 in 2021.
  • In Deposit town, the median household income for Black or African American households was $24,050 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
The bar chart shows Deposit Town, New York median household income across all racial categories identified by the U.S. Census Bureau.
Deposit Town, New York median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

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Year by year

Deposit Town, New York median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Deposit town decreased by $11,523 (24.84%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
  • The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 4,392 (from $49,851 to $54,243). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 8,621 (from $52,608 to $43,987).
  • It then further increased to $67,962 for 4-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.5466, it is evident that income distribution in Deposit Town, New York exihibits characterstics of moderate inequality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $55,847. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $23,570.
The line chart shows Deposit Town, New York 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.
Deposit Town, New York median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Deposit Town, New York median household income ➔

References

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Deposit Town, New York Demographics

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Median household income of places that contain Deposit town (in 2022 dollars)

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Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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