Age of householder
Per the latest American Community Survey by the Census Bureau, Elk River sees its highest median household income among householders in the age group of 65 years and over old, at $47,290. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Elk River, where there exist only two delineated age groups, the median household income is $47,290 for householders within the 65 years and over age group, compared to $41,661 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $10,242(27.65%), escalating from a median of $37,048 in 2011 to $47,290 in 2021.
- 1(1.67%) households where the householder is under 25 years old.
- 4(6.67%) households with a householder aged between 25 and 44 years.
- 25(41.67%) households with a householder aged between 45 and 64 years.
- 30(50%) households where the householder is over 65 years old.
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Gender
In Elk River, the population consists of 60 males (49.59%) and 61 females (50.41%). Here are the primary highlights from the gender-based income distribution analysis:
- In Elk River, while the Census reported a median income of $36,481 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,775 for males and $63,504 for females.
- In Elk River, while the Census reported a median income of $36,481 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Elk River, among full-time, year-round workers aged 15 years and older, males earned a median income of $58,775, while females earned $63,504
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Race
In Elk River, the population is predominantly White, constituting 98.35% 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 $43,912.
- In Elk River, White is both the largest group and the one with the highest median household income, which stands at $43,912.
- In Elk River, the median household income for the households where the householder is White decreased by $8,741(16.60%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,653 in 2011 and $43,912 in 2021.
- As per the U.S. Census Bureau population data, in Elk River, 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
Elk River, ID median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Elk River decreased by $7,577 (14.53%), 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 2015 to 2016, when the median household income increased by 12,029 (from $30,779 to $42,808). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 14,725 (from $45,504 to $30,779).
- It then further increased to $47,290 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3564, it is evident that income distribution in Elk River, ID exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $37,495.
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