Age of householder
Per the latest American Community Survey by the Census Bureau, Big Cabin sees its highest median household income among householders in the age group of 45 to 64 years old, at $49,992. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Big Cabin, where there exist only two delineated age groups, the median household income is $49,992 for householders within the 45 to 64 years age group, compared to $32,427 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $14,851(42.26%), escalating from a median of $35,141 in 2011 to $49,992 in 2021.
- 5(6.33%) households where the householder is under 25 years old.
- 15(18.99%) households with a householder aged between 25 and 44 years.
- 27(34.18%) households with a householder aged between 45 and 64 years.
- 32(40.51%) households where the householder is over 65 years old.
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Gender
In Big Cabin, the population consists of 92 males (50.27%) and 91 females (49.73%). Here are the primary highlights from the gender-based income distribution analysis:
- In Big Cabin, the median income for all workers aged 15 years and older, regardless of work hours, was $27,698 for males and $22,969 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $43,236 for males and $45,939 for females.
- In Big Cabin, the median income for all workers aged 15 years and older, regardless of work hours, was $27,698 for males and $22,969 for females.
- In Big Cabin, among full-time, year-round workers aged 15 years and older, males earned a median income of $43,236, while females earned $45,939
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Race
In Big Cabin, the population is predominantly White, constituting 56.28% 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 $33,779.
- In Big Cabin, despite the White population being the most populous, it is worth noting that American Indian and Alaska Native households actually reports the highest median household income, with a median income of $66,206. This reveals that, while Whites may be the most numerous in Big Cabin, American Indian and Alaska Native households experience greater economic prosperity in terms of median household income.
- In Big Cabin, the median household income for the households where the householder is White decreased by $41(0.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $33,820 in 2011 and $33,779 in 2021.
- As per the U.S. Census Bureau population data, in Big Cabin, 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
Big Cabin, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Big Cabin increased by $7,911 (23.66%), 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 2014 to 2015, when the median household income increased by 11,396 (from $37,230 to $48,626). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 12,084 (from $51,540 to $39,456).
- It then further increased to $49,992 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4099, it is evident that income distribution in Big Cabin, OK exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $60,801. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $27,698.
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