Age of householder
Per the latest American Community Survey by the Census Bureau, Mount Clare sees its highest median household income among householders in the age group of 25 to 44 years old, at $48,641. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Mount Clare, the median household income stands at $48,641 for householders within the 25 to 44 years age group, followed by $45,263 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $36,481.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $11,834(19.57%), declining from a median of $60,475 in 2011 to $48,641 in 2021.
- 2(1.75%) households where the householder is under 25 years old.
- 26(22.81%) households with a householder aged between 25 and 44 years.
- 37(32.46%) households with a householder aged between 45 and 64 years.
- 49(42.98%) households where the householder is over 65 years old.
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Gender
In Mount Clare, the population consists of 164 males (49.40%) and 168 females (50.60%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mount Clare, the median income for all workers aged 15 years and older, regardless of work hours, was $24,591 for males and $15,133 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $62,693 for males and $62,603 for females.
- In Mount Clare, the median income for all workers aged 15 years and older, regardless of work hours, was $24,591 for males and $15,133 for females.
- In Mount Clare, for all full-time workers aged 15 years and older, the median income was equal at, $62,603 for both males and females. This indicates a gender income balance in Mount Clare, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Mount Clare, the population is predominantly White, constituting 93.07% 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 $41,885.
- In Mount Clare, White is both the largest group and the one with the highest median household income, which stands at $41,885.
- In Mount Clare, the median household income for the households where the householder is White decreased by $16,139(27.81%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $58,024 in 2011 and $41,885 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Mount Clare, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mount Clare decreased by $39,072 (48.26%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 11,184 (from $43,227 to $54,411). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 22,152 (from $65,379 to $43,227).
- It then further increased to $79,717 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4672, it is evident that income distribution in Mount Clare, IL exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $42,936.
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