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, Baca County sees its highest median household income among householders in the age group of under 25 years old, at $87,953. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Baca County, householders within the under 25 years age group have the highest median household income at $87,953, followed by those in the 25 to 44 years age group with an income of $47,570. Meanwhile householders within the 45 to 64 years age group report the second lowest median household income of $43,634. Notably, householders within the 65 years and over age group, had the lowest median household income at $33,238.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $54,356(161.79%), escalating from a median of $33,597 in 2011 to $87,953 in 2021.
- 51(3.20%) households where the householder is under 25 years old.
- 499(31.30%) households with a householder aged between 25 and 44 years.
- 455(28.54%) households with a householder aged between 45 and 64 years.
- 589(36.95%) households where the householder is over 65 years old.
![Baca County, CO median household income by age of householder The bar chart shows Baca County, CO median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).](https://i.neilsberg.com/ch/baca-county-co-median-household-income-by-age.jpeg)
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Gender
In Baca County, the population consists of 1,740 males (49.45%) and 1,779 females (50.55%). Here are the primary highlights from the gender-based income distribution analysis:
- In Baca County, the median income for all workers aged 15 years and older, regardless of work hours, was $30,714 for males and $20,868 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,249 for males and $39,048 for females.
- In Baca County, the median income for all workers aged 15 years and older, regardless of work hours, was $30,714 for males and $20,868 for females.
- In Baca County, among full-time, year-round workers aged 15 years and older, males earned a median income of $47,249, while females earned $39,048, leading to a 17% gender pay gap among full-time workers. This illustrates that women earn 83 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.
![Baca County, CO gender based income disparity Line chart showing the annual median income trends in Baca County, CO for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).](https://i.neilsberg.com/ch/baca-county-co-income-by-gender.jpeg)
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Race
In Baca County, the population is predominantly White, constituting 91.22% 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 $46,556.
- In Baca County, White is both the largest group and the one with the highest median household income, which stands at $46,556.
- In Baca County, the median household income for the households where the householder is White decreased by $2,673(5.43%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $49,229 in 2011 and $46,556 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
![Baca County, CO median household income diversity across racial categories The bar chart shows Baca County, CO median household income across all racial categories identified by the U.S. Census Bureau.](https://i.neilsberg.com/ch/baca-county-co-median-household-income-by-race.jpeg)
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Year by year
Baca County, CO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Baca County decreased by $5,478 (11.27%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 3,850 (from $39,269 to $43,119). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 2,845 (from $45,837 to $42,992).
- It then further increased to $60,351 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4857, it is evident that income distribution in Baca County, CO exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $65,942. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $24,718.
![Baca County, CO median household income trend (2010-2021, in 2022 inflation-adjusted dollars) The line chart shows Baca County, CO median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.](https://i.neilsberg.com/ch/baca-county-co-median-household-income-trend.jpeg)
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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)