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, Baxter Springs sees its highest median household income among householders in the age group of 25 to 44 years old, at $58,989. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Baxter Springs, householders within the 25 to 44 years age group have the highest median household income at $58,989, followed by those in the 45 to 64 years age group with an income of $44,677. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $38,753. Notably, householders within the under 25 years age group, had the lowest median household income at $28,842.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $6,156(18.89%), escalating from a median of $32,597 in 2011 to $38,753 in 2021.
- 45(2.92%) households where the householder is under 25 years old.
- 408(26.46%) households with a householder aged between 25 and 44 years.
- 736(47.73%) households with a householder aged between 45 and 64 years.
- 353(22.89%) households where the householder is over 65 years old.
![Baxter Springs, KS median household income by age of householder The bar chart shows Baxter Springs, KS 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/baxter-springs-ks-median-household-income-by-age.jpeg)
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Gender
In Baxter Springs, the population consists of 1,910 males (48.85%) and 2,000 females (51.15%). Here are the primary highlights from the gender-based income distribution analysis:
- In Baxter Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $33,501 for males and $24,752 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $35,055 for males and $35,854 for females.
- In Baxter Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $33,501 for males and $24,752 for females.
- In Baxter Springs, among full-time, year-round workers aged 15 years and older, males earned a median income of $35,055, while females earned $35,854
![Baxter Springs, KS gender based income disparity Line chart showing the annual median income trends in Baxter Springs, KS 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/baxter-springs-ks-income-by-gender.jpeg)
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Race
In Baxter Springs, the population is predominantly White, constituting 86.83% 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 $54,401.
- In Baxter Springs, White is both the largest group and the one with the highest median household income, which stands at $54,401.
- In Baxter Springs, the median household income for the households where the householder is White decreased by $3,243(5.63%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,644 in 2011 and $54,401 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.
![Baxter Springs, KS median household income diversity across racial categories The bar chart shows Baxter Springs, KS median household income across all racial categories identified by the U.S. Census Bureau.](https://i.neilsberg.com/ch/baxter-springs-ks-median-household-income-by-race.jpeg)
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Year by year
Baxter Springs, KS median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Baxter Springs increased by $5,403 (12.27%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 13,044 (from $44,043 to $57,087). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 12,028 (from $61,363 to $49,335).
- It then further increased to $57,803 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4131, it is evident that income distribution in Baxter Springs, KS exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $64,537. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $24,974.
![Baxter Springs, KS median household income trend (2010-2021, in 2022 inflation-adjusted dollars) The line chart shows Baxter Springs, KS 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/baxter-springs-ks-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)