Age of householder
Per the latest American Community Survey by the Census Bureau, Alta sees its highest median household income among householders in the age group of 65 years and over old, at $166,866. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Alta, where there exist only two delineated age groups, the median household income is $166,866 for householders within the 65 years and over age group, compared to $82,420 for the 25 to 44 years age group.
- 0 households where the householder is under 25 years old.
- 34(43.04%) households with a householder aged between 25 and 44 years.
- 34(43.04%) households with a householder aged between 45 and 64 years.
- 11(13.92%) households where the householder is over 65 years old.
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Gender
In Alta, the population consists of 299 males (84.46%) and 55 females (15.54%). Here are the primary highlights from the gender-based income distribution analysis:
- In Alta, the median income for all workers aged 15 years and older, regardless of work hours, was $23,925 for males and $40,534 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census Bureau did not report the median income for both males and females due to an insufficient number of sample observations.
- In Alta, the median income for all workers aged 15 years and older, regardless of work hours, was $23,925 for males and $40,534 for females.
- In Alta, for full-time, year-round workers aged 15 years and older, the Census Bureau did not report the median income for both males and females due to an insufficient number of sample observations.
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Year by year
Alta, UT median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Alta decreased by $59,658 (51.05%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 47,078 (from $76,348 to $123,426). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 49,653 (from $123,426 to $73,773).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.752, it is evident that income distribution in Alta, UT exihibits characterstics of high inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $54,523.
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