Age of householder
Per the latest American Community Survey by the Census Bureau, Notus sees its highest median household income among householders in the age group of 45 to 64 years old, at $79,717. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Notus, where there exist only two delineated age groups, the median household income is $79,717 for householders within the 45 to 64 years age group, compared to $76,243 for the 25 to 44 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $40,898(105.36%), escalating from a median of $38,819 in 2011 to $79,717 in 2021.
- 4(2.01%) households where the householder is under 25 years old.
- 64(32.16%) households with a householder aged between 25 and 44 years.
- 112(56.28%) households with a householder aged between 45 and 64 years.
- 19(9.55%) households where the householder is over 65 years old.
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Gender
In Notus, the population consists of 405 males (52.53%) and 366 females (47.47%). Here are the primary highlights from the gender-based income distribution analysis:
- In Notus, the median income for all workers aged 15 years and older, regardless of work hours, was $30,851 for males and $30,739 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $42,271 for males and $39,087 for females.
- In Notus, for all workers aged 15 years and older, irrespective of full-time or part-time work, the median income was $30,739 for both males and females.
- In Notus, among full-time, year-round workers aged 15 years and older, males earned a median income of $42,271, while females earned $39,087, resulting in a 8% gender pay gap among full-time workers. This illustrates that women earn 92 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 city of Notus.
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Race
In Notus, the population is predominantly White, constituting 59.66% 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 $57,423.
- In Notus, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $130,095. This reveals that, while Whites may be the most numerous in Notus, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Notus, the median household income for the households where the householder is White increased by $17,378(43.40%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,045 in 2011 and $57,423 in 2021.
- As per the U.S. Census Bureau population data, in Notus, 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
Notus, ID median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Notus increased by $31,864 (77.11%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 14,829 (from $58,357 to $73,186). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 8,975 (from $58,096 to $49,121).
- It then further increased to $96,742 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3025, it is evident that income distribution in Notus, ID exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $30,497.
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