Lanesboro, IA Income

The inflation-adjusted median household income in Lanesboro was $43,575, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$43,575
Median household income
0.5527
Gini coefficient
** (N/A)
Highest median income age group
$389,734
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

TABLE OF CONTENTS

Gender

In Lanesboro, the population consists of 44 males (56.41%) and 34 females (43.59%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Lanesboro, while the Census reported a median income of $38,913 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, while the Census reported a median income of $39,724 for males, while data for females was unavailable due to an insufficient number of sample observations.
  • In Lanesboro, while the Census reported a median income of $38,913 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 Lanesboro, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $39,724 for males, while data for females was unavailable due to an insufficient number of sample observations.
Line chart showing the annual median income trends in Lanesboro, IA 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).
Lanesboro, IA 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

Read more about Lanesboro, IA income by gender ➔

Race

In Lanesboro, the population is predominantly White, constituting 100% 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 $43,575.
  • In Lanesboro, White is both the largest group and the one with the highest median household income, which stands at $43,575.
  • In Lanesboro, the median household income for the households where the householder is White decreased by $15,266(25.94%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $58,841 in 2011 and $43,575 in 2021.
  • As per the U.S. Census Bureau population data, in Lanesboro, 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.
The bar chart shows Lanesboro, IA median household income across all racial categories identified by the U.S. Census Bureau.
Lanesboro, IA 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

Read more about Lanesboro, IA median household income by race ➔

Year by year

Lanesboro, IA median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Lanesboro decreased by $9,272 (17.54%), 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 2019 to 2020, when the median household income increased by 7,489 (from $49,876 to $57,365). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 13,790 (from $57,365 to $43,575).
  • Additionally, the Census Bureau did not report a median household income for larger household sizes.
  • With a Gini coefficient of 0.5527, it is evident that income distribution in Lanesboro, IA exihibits characterstics of moderate inequality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $92,553. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
The line chart shows Lanesboro, IA 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.
Lanesboro, IA 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 Lanesboro, IA median household income ➔

References

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Lanesboro, IA Demographics

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Median household income of places that contain Lanesboro (in 2022 dollars)
Median household income of nearby cities (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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