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
Gender
In Ashland, the population consists of 85 males (43.81%) and 109 females (56.19%). Here are the primary highlights from the gender-based income distribution analysis:
- In Ashland, the Census Bureau did not report the median income for all workers aged 15 years and older, regardless of work hours, for both males and females due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $71,205 for males and $71,160 for females.
- In Ashland, the Census Bureau did not report the median income for all workers aged 15 years and older, regardless of work hours, for both males and females due to an insufficient number of sample observations.
- In Ashland, for all full-time workers aged 15 years and older, the median income was equal at, $71,160 for both males and females. This indicates a gender income balance in Ashland, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Ashland, the population is predominantly White, constituting 63.92% 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 $60,801.
- In Ashland, White is both the largest group and the one with the highest median household income, which stands at $60,801.
- In Ashland, the median household income for the households where the householder is White increased by $7,681(14.46%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,120 in 2011 and $60,801 in 2021.
- In Ashland, the median household income for Black or African American households was $37,048 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Ashland, LA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Ashland increased by $4,153 (7.67%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 26,231 (from $33,683 to $59,914). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 24,850 (from $58,533 to $33,683).
- It then further increased to $141,329 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4203, it is evident that income distribution in Ashland, LA exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $23,829.
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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)