Median Household Income in Hayward, WI (2010-2021, in 2022 inflation-adjusted dollars)
Below, you will find a table illustrating the median household income in Hayward, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars.
| Year | Median Household Income | YOY Change($) | YOY Change(%) |
|---|---|---|---|
| 2010 | 34,316 | - | - |
| 2011 | 39,898 | 5,582 | 16.27% |
| 2012 | 32,744 | -7,154 | -17.93% |
| 2013 | 34,004 | 1,260 | 3.85% |
| 2014 | 33,631 | -373 | -1.10% |
| 2015 | 37,258 | 3,627 | 10.78% |
| 2016 | 40,476 | 3,218 | 8.64% |
| 2017 | 39,310 | -1,166 | -2.88% |
| 2018 | 38,836 | -474 | -1.21% |
| 2019 | 43,253 | 4,417 | 11.37% |
| 2020 | 39,618 | -3,635 | -8.40% |
| 2021 | 36,444 | -3,174 | -8.01% |
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TABLE OF CONTENTS
- Hayward, WI median household income trends: 2000 to 2021
- Median household income in Hayward, WI by household size
- Hayward, WI income distribution and inequality
- Median household income in Hayward, WI by family type, 2021
- Things to know
- References
Hayward, WI median household income trends: 2010 to 2021
From 2010 to 2021, the median household income for Hayward increased by $2,128 (6.20%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.
Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 5 years and declined for 6 years.
The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 5,582 (from $34,316 to $39,898). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 7,154 (from $39,898 to $32,744).
In Wisconsin, among cities with populations of fewer than 5,000 residents, Hayward ranks 1228th out of 1245 for median household income. This rank indicates that it falls within the lower-income range of small cities within the state of Wisconsin.
Median household income in Hayward, WI by household size
To gain deeper insights into the median household income for Hayward, we conducted an analysis of the most recent available data from the U.S. Census Bureau American Community Survey 5 year Estimates (the most recent data available).
Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, Hayward did not include 5, 6, or 7-person households. Across the different household sizes in Hayward the mean income is $41,112, and the standard deviation is $18,750. The coefficient of variation (CV) is 45.61%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $20,402. It then further increased to $30,908 for 4-person households, the largest household size for which the bureau reported a median household income.
Hayward median household income by household size
The table below displays median household incomes for various household sizes, as reported by the U.S. Census Bureau. Explore how household income varies with the size of the family unit.
| Household Size | Median Household Income |
|---|---|
| 1-person households | 20,402 |
| 2-person households | 61,252 |
| 3-person households | 51,884 |
| 4-person households | 30,908 |
| 5-person households | 0 |
| 6-person households | 0 |
| 7-or-more-person households | 0 |
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According to the Census Bureau data, the median household income reaches its peak among 2-person households, reaching $61,252 .
Hayward, WI income distribution and inequality
To gain a comprehensive understanding of income distribution in Hayward, we conducted an analysis of quintiles data from the U.S. Census Bureau. While the bureau does not categorize income into subjective classes like lower-income, middle-class, or upper-class, they instead divide the population into five quintiles, ensuring that each quintile represents nearly the same number of households. This classification allows us to analyze income levels across a spectrum from the lowest to the highest income groups.
Mean household income by quintile in Hayward
The table below presents the mean household income for each of the five quintiles in Hayward, offering valuable insights into income distribution and inequality.
| Income Level | Mean Household Income |
|---|---|
| Lowest Quintile | 11,557 |
| Second Quintile | 23,119 |
| Third Quintile | 38,045 |
| Fourth Quintile | 64,124 |
| Highest Quintile | 143,584 |
| Top 5 Percent | 243,764 |
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Key findings:
- Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 11,557, while the mean income for the highest quintile (20% of households with the highest income) is 143,584. This indicates that the top earners earn 12 times compared to the lowest earners.
- Top 5%: The mean household income for the wealthiest population (top 5%) is 243,764, which is 169.77% higher compared to the highest quintile, and 2109.23% higher compared to the lowest quintile.
Furthermore, as per the Census Bureau, the Gini coefficient for Hayward is 0.4688. Gini coefficient is a numeric measure ranging from 0 to 1, where lower numbers indicate greater income equality (with 0 representing complete equality, where all households earn the same income) and higher values signify greater income inequality (with 1 being complete inequality where one household receives all income).
Gini coefficient:
0.4688
Sources: U.S. Census Bureau, American Community Survey (ACS)
With a Gini coefficient of 0.4688, it is evident that income distribution in Hayward, WI exihibits characterstics of moderate inequality .
This level of Gini coefficient suggests noticeable variations in income distribution across households, with certain segments of the population holding a larger share of income compared to others in Hayward.
It also implies that efforts may be needed to enhance economic fairness and reduce the gap between income groups in Hayward
Median household income in Hayward, WI by family type, 2021
The Census Bureau classifies households into different categories, including total households, family households, and non-family households. Our analysis of U.S. Census Bureau American Community Survey data for Hayward reveals how household income distribution varies among these categories.
Interestingly, we found that the median household income did vary between family households and non-family households. In 2021, for Hayward, there were a total of 557 family households and 535 non-family households.
For the family households, the median income (in 2022 inflation-adjusted dollars) was $54,796. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $21,573.
Hayward, WI households by income brackets: family, non-family, and total, 2021, in 2022 inflation-adjusted dollars
The table below presents a breakdown of households across various income brackets in Hayward. The data in the table offers insights into the distribution of Hayward households based on income levels.
| Income Level | All Households | % All Households | Family Households | % Family Households | Non-Family Households | % Non-Family Households |
|---|---|---|---|---|---|---|
| Total: | 1,092 | 100.00% | 557 | 100.00% | 535 | 100.00% |
| Less than $10,000 | 51 | 4.67% | 9 | 1.62% | 42 | 7.85% |
| $10,000 to $14,999 | 170 | 15.57% | 15 | 2.69% | 155 | 28.97% |
| $15,000 to $19,999 | 71 | 6.50% | - | - | 71 | 13.27% |
| $20,000 to $24,999 | 90 | 8.24% | 32 | 5.75% | 58 | 10.84% |
| $25,000 to $29,999 | 107 | 9.80% | 81 | 14.54% | 26 | 4.86% |
| $30,000 to $34,999 | 82 | 7.51% | 32 | 5.75% | 50 | 9.35% |
| $35,000 to $39,999 | 57 | 5.22% | 47 | 8.44% | 10 | 1.87% |
| $40,000 to $44,999 | 21 | 1.92% | 6 | 1.08% | 15 | 2.80% |
| $45,000 to $49,999 | 68 | 6.23% | 54 | 9.69% | 14 | 2.62% |
| $50,000 to $59,999 | 50 | 4.58% | 36 | 6.46% | 14 | 2.62% |
| $60,000 to $74,999 | 101 | 9.25% | 55 | 9.87% | 46 | 8.60% |
| $75,000 to $99,999 | 111 | 10.16% | 87 | 15.62% | 24 | 4.49% |
| $100,000 to $124,999 | 39 | 3.57% | 29 | 5.21% | 10 | 1.87% |
| $125,000 to $149,999 | 34 | 3.11% | 34 | 6.10% | - | - |
| $150,000 to $199,999 | 13 | 1.19% | 13 | 2.33% | - | - |
| $200,000 or more | 27 | 2.47% | 27 | 4.85% | - | - |
Exploring Hayward's Diversity? Request Customized Data Now!
Key findings:
- For Family Households: In Hayward, the majority of family households, representing 15.62%, earn $75,000 to $99,999, showcasing a substantial share of the community families falling within this income bracket. Conversely, the minority of family households, comprising 0.0%, have incomes falling $125,000 to $149,999, representing a smaller but still significant segment of the community.
- For Non-Family Households: In Hayward, the majority of non-family households, accounting for 28.97%, have income $10,000 to $14,999, indicating that a substantial portion of non-family households falls within this income bracket. On the other hand, the minority of non-family households, comprising 0.0%, earn $125,000 to $149,999, representing a smaller, yet notable, portion of non-family households in the community.
- For Total Households (Combining Family and Non-Family): When considering total households in Hayward, the majority, constituting 15.57%, earn $10,000 to $14,999, demonstrating that a significant portion of community households falls within this income bracket. Simultaneously, the minority of total households, representing 1.19%, have incomes $150,000 to $199,999, signifying a smaller segment of households in the community.
Things to know
What is the Gini index for Hayward, WI?
As per the Census Bureau, the Gini coefficient for Hayward is 0.4688. With this value of Gini coefficient, it is evident that income distribution in Hayward exihibits characterstics of moderate inequality .
This level of Gini coefficient suggests noticeable variations in income distribution across households, with certain segments of the population holding a larger share of income compared to others in Hayward.
It also implies that efforts may be needed to enhance economic fairness and reduce the gap between income groups in Hayward
What is the median household income in Hayward, WI?
As per the latest data available from American Community Survey, the median household income for Hayward is $36,444 (in 2022 inflation-adjusted dollars). The next release from the Census is scheduled for Dec 7, 2023. This income is 48.85% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
How does Hayward, WI median household income compare to the rest of the United States?
In Wisconsin, among cities with populations of fewer than 5,000 residents, Hayward ranks 1228th out of 1245 for median household income. This rank indicates that it falls within the lower-income range of small cities within the state of Wisconsin.
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)
Datasets
Explore datasets by year of publication.
2023
Hayward, WI households by income brackets: family, non-family, and total, in 2022 inflation-adjusted dollars
Last updated January 11, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset
Context
The dataset presents a breakdown of households across various income brackets in Hayward, WI, as reported by the U.S. Census Bureau. The Census Bureau classifies households into different categories, including total households, family households, and non-family households. Our analysis of U.S. Census Bureau American Community Survey data for Hayward, WI reveals how household income distribution varies among these categories. The dataset highlights the variation in number of households with income, offering valuable insights into the distribution of Hayward households based on income levels.
Key observations
- For Family Households: In Hayward, the majority of family households, representing 15.62%, earn $75,000 to $99,999, showcasing a substantial share of the community families falling within this income bracket. Conversely, the minority of family households, comprising 0.0%, have incomes falling $125,000 to $149,999, representing a smaller but still significant segment of the community.
- For Non-Family Households: In Hayward, the majority of non-family households, accounting for 28.97%, have income $10,000 to $14,999, indicating that a substantial portion of non-family households falls within this income bracket. On the other hand, the minority of non-family households, comprising 0.0%, earn $125,000 to $149,999, representing a smaller, yet notable, portion of non-family households in the community.
Content
When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.
Income Levels:
- Less than $10,000
- $10,000 to $14,999
- $15,000 to $19,999
- $20,000 to $24,999
- $25,000 to $29,999
- $30,000 to $34,999
- $35,000 to $39,999
- $40,000 to $44,999
- $45,000 to $49,999
- $50,000 to $59,999
- $60,000 to $74,999
- $75,000 to $99,999
- $125,000 to $149,999
- $150,000 to $199,999
- $200,000 or more
Variables / Data Columns
- Income Level: The income level represents the income brackets ranging from Less than $10,000 to $200,000 or more in Hayward, WI (As mentioned above).
- All Households: Count of households for the specified income level
- % All Households: Percentage of households at the specified income level relative to the total households in Hayward, WI
- Family Households: Count of family households for the specified income level
- % Family Households: Percentage of family households at the specified income level relative to the total family households in Hayward, WI
- Non-Family Households: Count of non-family households for the specified income level
- % Non-Family Households: Percentage of non-family households at the specified income level relative to the total non-family households in Hayward, WI
Good to know
Margin of Error
Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.
Custom data
If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.
Inspiration
Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.
Recommended for further research
This dataset is a part of the main dataset for Hayward median household income. You can refer the same here
Median Household Income Variation by Family Size in Hayward, WI: Comparative analysis across 7 household sizes
Last updated January 11, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset
Context
The dataset presents median household incomes for various household sizes in Hayward, WI, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.
Key observations
- Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, Hayward did not include 5, 6, or 7-person households. Across the different household sizes in Hayward the mean income is $41,112, and the standard deviation is $18,750. The coefficient of variation (CV) is 45.61%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
- In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $20,402. It then further increased to $30,908 for 4-person households, the largest household size for which the bureau reported a median household income.
Content
When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.
Household Sizes:
- 1-person households
- 2-person households
- 3-person households
- 4-person households
- 5-person households
- 6-person households
- 7-or-more-person households
Variables / Data Columns
- Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
- Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.
Good to know
Margin of Error
Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.
Custom data
If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.
Inspiration
Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.
Recommended for further research
This dataset is a part of the main dataset for Hayward median household income. You can refer the same here
Hayward, WI Median Household Income Trends (2010-2021, in 2022 inflation-adjusted dollars)
Last updated January 11, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset
Context
The dataset illustrates the median household income in Hayward, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.
Key observations:
From 2010 to 2021, the median household income for Hayward increased by $2,128 (6.20%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.
Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 5 years and declined for 6 years.
Content
When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.
Years for which data is available:
- 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021
Variables / Data Columns
- Year: This column presents the data year from 2010 to 2021
- Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
- YOY Change($): Change in median household income between the current and the previous year, in 2022 inflation-adjusted dollars
- YOY Change(%): Percent change in median household income between current and the previous year
Good to know
Margin of Error
Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.
Custom data
If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.
Inspiration
Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.
Recommended for further research
This dataset is a part of the main dataset for Hayward median household income. You can refer the same here
Income Distribution by Quintile: Mean Household Income in Hayward, WI
Last updated January 11, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset
Context
The dataset presents the mean household income for each of the five quintiles in Hayward, WI, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.
Key observations
- Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 11,557, while the mean income for the highest quintile (20% of households with the highest income) is 143,584. This indicates that the top earners earn 12 times compared to the lowest earners.
- *Top 5%: * The mean household income for the wealthiest population (top 5%) is 243,764, which is 169.77% higher compared to the highest quintile, and 2109.23% higher compared to the lowest quintile.
Content
When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.
Income Levels:
- Lowest Quintile
- Second Quintile
- Third Quintile
- Fourth Quintile
- Highest Quintile
- Top 5 Percent
Variables / Data Columns
- Income Level: This column showcases the income levels (As mentioned above).
- Mean Household Income: Mean household income, in 2022 inflation-adjusted dollars for the specific income level.
Good to know
Margin of Error
Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.
Custom data
If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.
Inspiration
Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.
Recommended for further research
This dataset is a part of the main dataset for Hayward median household income. You can refer the same here
If you're looking for datasets from another year, please feel free to contact us at research@neilsberg.com and we'll be happy to assist you further.
