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
Age of householder
Per the latest American Community Survey by the Census Bureau, West Warwick town sees its highest median household income among householders in the age group of 45 to 64 years old, at $87,544. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in West Warwick town, the median household income stands at $87,544 for householders within the 45 to 64 years age group, followed by $73,177 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $44,381.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $11,250(14.75%), escalating from a median of $76,294 in 2011 to $87,544 in 2021.
- 417(2.97%) households where the householder is under 25 years old.
- 4,675(33.32%) households with a householder aged between 25 and 44 years.
- 5,278(37.62%) households with a householder aged between 45 and 64 years.
- 3,660(26.09%) households where the householder is over 65 years old.
Read more about West Warwick, Rhode Island median household income by age ➔
Gender
In West Warwick town, the population consists of 16,118 males (52.29%) and 14,705 females (47.71%). Here are the primary highlights from the gender-based income distribution analysis:
- In West Warwick town, the median income for all workers aged 15 years and older, regardless of work hours, was $46,892 for males and $32,706 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,230 for males and $51,505 for females.
- In West Warwick town, the median income for all workers aged 15 years and older, regardless of work hours, was $46,892 for males and $32,706 for females.
- In West Warwick town, among full-time, year-round workers aged 15 years and older, males earned a median income of $65,230, while females earned $51,505, leading to a 21% gender pay gap among full-time workers. This illustrates that women earn 79 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Read more about West Warwick, Rhode Island income by gender ➔
Race
In West Warwick town, the population is predominantly White, constituting 85.17% 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 $64,759.
- In West Warwick town, 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 $87,904. This reveals that, while Whites may be the most numerous in West Warwick town, Black or African American households experience greater economic prosperity in terms of median household income.
- In West Warwick town, the median household income for the households where the householder is White decreased by $1,077(1.64%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,836 in 2011 and $64,759 in 2021.
- In West Warwick town, the median household income for the households where the householder is Black or African American increased by $17,350(24.59%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $70,554 in 2011 and $87,904 in 2021.
Read more about West Warwick, Rhode Island median household income by race ➔
Year by year
West Warwick, Rhode Island median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for West Warwick town decreased by $561 (0.82%), 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 2019 to 2020, when the median household income increased by 5,251 (from $64,216 to $69,467). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 2,892 (from $68,279 to $65,387).
- It then further increased to $174,540 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4172, it is evident that income distribution in West Warwick, Rhode Island exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $87,229. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $45,898.
Read more about West Warwick, Rhode Island median household income ➔
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)