Age of householder
Per the latest American Community Survey by the Census Bureau, Akiak sees its highest median household income among householders in the age group of 65 years and over old, at $68,908. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Akiak only reports a median household income of $68,908 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $20,691(42.91%), escalating from a median of $48,217 in 2011 to $68,908 in 2021.
- 0 households where the householder is under 25 years old.
- 10(19.61%) households with a householder aged between 25 and 44 years.
- 25(49.02%) households with a householder aged between 45 and 64 years.
- 16(31.37%) households where the householder is over 65 years old.
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Gender
In Akiak, the population consists of 168 males (57.34%) and 125 females (42.66%). Here are the primary highlights from the gender-based income distribution analysis:
- In Akiak, the median income for all workers aged 15 years and older, regardless of work hours, was $8,918 for males and $19,302 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,244 for males and $52,694 for females.
- In Akiak, the median income for all workers aged 15 years and older, regardless of work hours, was $8,918 for males and $19,302 for females.
- In Akiak, among full-time, year-round workers aged 15 years and older, males earned a median income of $52,244, while females earned $52,694
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Race
In Akiak, the population is predominantly American Indian and Alaska Native, constituting 98.98% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for American Indian and Alaska Native households is $60,801.
- In Akiak, American Indian and Alaska Native is both the largest group and the one with the highest median household income, which stands at $60,801.
- In Akiak, the median household income for White households was $48,762 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- As per the U.S. Census Bureau population data, in Akiak, 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
Akiak, AK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Akiak increased by $13,128 (27.15%), 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 2013 to 2014, when the median household income increased by 6,705 (from $48,365 to $55,070). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 3,037 (from $55,070 to $52,033).
- It then further increased to $66,206 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3498, it is evident that income distribution in Akiak, AK exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $31,128.
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