New Baden, IL Income

The inflation-adjusted median household income in New Baden was $86,108, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$86,108
Median household income
0.3126
Gini coefficient
65 years and over ($103,437)
Highest median income age group
$267,756
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

Age of householder

Per the latest American Community Survey by the Census Bureau, New Baden sees its highest median household income among householders in the age group of 65 years and over old, at $103,437. Here are the key highlights for income distribution by age:

  • In terms of income distribution across age cohorts, in New Baden, the median household income stands at $103,437 for householders within the 65 years and over age group, followed by $90,546 for the 45 to 64 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $78,456.
  • Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $41,327(66.54%), escalating from a median of $62,110 in 2011 to $103,437 in 2021.
  • 62(4.37%) households where the householder is under 25 years old.
  • 195(13.75%) households with a householder aged between 25 and 44 years.
  • 947(66.78%) households with a householder aged between 45 and 64 years.
  • 214(15.09%) households where the householder is over 65 years old.
The bar chart shows New Baden, IL median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
New Baden, IL median household income by age of householder: It offers a clear illustration of the differences in median household incomes in New Baden, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about New Baden, IL median household income by age ➔

Gender

In New Baden, the population consists of 1,648 males (48.22%) and 1,770 females (51.78%). Here are the primary highlights from the gender-based income distribution analysis:

  • In New Baden, the median income for all workers aged 15 years and older, regardless of work hours, was $70,332 for males and $46,898 for females.
  • However, when specifically considering full-time, year-round workers within the same age group, the median income was $71,342 for males and $77,431 for females.
  • In New Baden, the median income for all workers aged 15 years and older, regardless of work hours, was $70,332 for males and $46,898 for females.
  • In New Baden, among full-time, year-round workers aged 15 years and older, males earned a median income of $71,342, while females earned $77,431
Line chart showing the annual median income trends in New Baden, IL 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).
New Baden, IL 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

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Race

In New Baden, the population is predominantly White, constituting 82.62% 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 $86,218.
  • In New Baden, 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 $184,557. This reveals that, while Whites may be the most numerous in New Baden, Black or African American households experience greater economic prosperity in terms of median household income.
  • In New Baden, the median household income for the households where the householder is White increased by $3,088(3.71%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $83,130 in 2011 and $86,218 in 2021.
  • In New Baden, the median household income for the households where the householder is Black or African American increased by $148,148(406.90%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $36,409 in 2011 and $184,557 in 2021.
The bar chart shows New Baden, IL median household income across all racial categories identified by the U.S. Census Bureau.
New Baden, IL 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 New Baden, IL median household income by race ➔

Year by year

New Baden, IL median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for New Baden increased by $8,237 (10.58%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
  • The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 8,962 (from $79,909 to $88,871). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 7,852 (from $88,871 to $81,019).
  • It then further decreased to 69,456 for 5-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.3126, it is evident that income distribution in New Baden, IL exihibits characterstics of moderate equality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $93,139. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $79,717.
The line chart shows New Baden, IL 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.
New Baden, IL 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 New Baden, IL median household income ➔

References

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New Baden, IL Demographics

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

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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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