Age of householder
Per the latest American Community Survey by the Census Bureau, Haycock township sees its highest median household income among householders in the age group of 45 to 64 years old, at $151,598. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Haycock township, the median household income stands at $151,598 for householders within the 45 to 64 years age group, followed by $104,218 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $96,221.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $41,076(37.17%), escalating from a median of $110,522 in 2011 to $151,598 in 2021.
- 0 households where the householder is under 25 years old.
- 141(15.79%) households with a householder aged between 25 and 44 years.
- 407(45.58%) households with a householder aged between 45 and 64 years.
- 345(38.63%) households where the householder is over 65 years old.
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Gender
In Haycock township, the population consists of 1,121 males (52.93%) and 997 females (47.07%). Here are the primary highlights from the gender-based income distribution analysis:
- In Haycock township, the median income for all workers aged 15 years and older, regardless of work hours, was $63,337 for males and $42,316 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $72,768 for males and $66,030 for females.
- In Haycock township, the median income for all workers aged 15 years and older, regardless of work hours, was $63,337 for males and $42,316 for females.
- In Haycock township, among full-time, year-round workers aged 15 years and older, males earned a median income of $72,768, while females earned $66,030, resulting in a 9% gender pay gap among full-time workers. This illustrates that women earn 91 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the township of Haycock township.
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Race
In Haycock township, the population is predominantly White, constituting 97.12% 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 $117,774.
- In Haycock township, 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 Haycock township, Asian households experience greater economic prosperity in terms of median household income.
- In Haycock township, the median household income for the households where the householder is White increased by $9,499(8.77%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $108,275 in 2011 and $117,774 in 2021.
- As per the U.S. Census Bureau population data, in Haycock township, 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
Haycock Township, Pennsylvania median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Haycock township increased by $9,708 (8.94%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 11,451 (from $106,886 to $118,337). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 7,948 (from $110,219 to $102,271).
- It then further increased to $163,488 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4386, it is evident that income distribution in Haycock Township, Pennsylvania exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $139,536. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $48,589.
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