Age of householder
Per the latest American Community Survey by the Census Bureau, East Bay township sees its highest median household income among householders in the age group of 25 to 44 years old, at $95,931. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in East Bay township, householders within the 25 to 44 years age group have the highest median household income at $95,931, followed by those in the 45 to 64 years age group with an income of $93,325. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $70,889. Notably, householders within the under 25 years age group, had the lowest median household income at $25,543.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $13,273(23.04%), escalating from a median of $57,616 in 2011 to $70,889 in 2021.
- 103(2.19%) households where the householder is under 25 years old.
- 1,210(25.77%) households with a householder aged between 25 and 44 years.
- 1,998(42.56%) households with a householder aged between 45 and 64 years.
- 1,384(29.48%) households where the householder is over 65 years old.
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Gender
In East Bay township, the population consists of 5,637 males (48.77%) and 5,921 females (51.23%). Here are the primary highlights from the gender-based income distribution analysis:
- In East Bay township, the median income for all workers aged 15 years and older, regardless of work hours, was $46,646 for males and $33,282 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 $62,433 for females.
- In East Bay township, the median income for all workers aged 15 years and older, regardless of work hours, was $46,646 for males and $33,282 for females.
- In East Bay township, among full-time, year-round workers aged 15 years and older, males earned a median income of $58,099, while females earned $62,433
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Race
In East Bay township, the population is predominantly White, constituting 94.98% 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 $84,141.
- In East Bay township, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $100,302. This reveals that, while Whites may be the most numerous in East Bay township, Black or African American households experience greater economic prosperity in terms of median household income.
- In East Bay township, the median household income for the households where the householder is White increased by $6,800(8.79%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $77,341 in 2011 and $84,141 in 2021.
- In East Bay township, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $100,302(2022 inflation-adjusted dollars), marking a significant change.
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Year by year
East Bay Township, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for East Bay township increased by $6,898 (8.98%), 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 2013 to 2014, when the median household income increased by 4,753 (from $71,438 to $76,191). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 5,175 (from $76,613 to $71,438).
- It then further increased to $90,526 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3744, it is evident that income distribution in East Bay Township, Michigan exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $97,632. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $61,172.
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