Age of householder
Per the latest American Community Survey by the Census Bureau, Rives sees its highest median household income among householders in the age group of 25 to 44 years old, at $65,434. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Rives, where there exist only two delineated age groups, the median household income is $65,434 for householders within the 25 to 44 years age group, compared to $49,413 for the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $2,890(5.53%), declining from a median of $52,303 in 2011 to $49,413 in 2021.
- 0 households where the householder is under 25 years old.
- 11(22.45%) households with a householder aged between 25 and 44 years.
- 12(24.49%) households with a householder aged between 45 and 64 years.
- 26(53.06%) households where the householder is over 65 years old.
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Year by year
Rives, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Rives decreased by $3,205 (6.11%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 13,378 (from $39,877 to $53,255). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 15,730 (from $51,099 to $35,369).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.2285, it is evident that income distribution in Rives, MO exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $231,315.
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