Age of householder
Per the latest American Community Survey by the Census Bureau, Big Sandy sees its highest median household income among householders in the age group of under 25 years old, at $65,347. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Big Sandy, householders within the under 25 years age group have the highest median household income at $65,347, followed by those in the 45 to 64 years age group with an income of $59,180. Meanwhile householders within the 25 to 44 years age group report the second lowest median household income of $32,787. Notably, householders within the 65 years and over age group, had the lowest median household income at $32,059.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $40,584(163.89%), escalating from a median of $24,763 in 2011 to $65,347 in 2021.
- 18(3.66%) households where the householder is under 25 years old.
- 170(34.55%) households with a householder aged between 25 and 44 years.
- 187(38.01%) households with a householder aged between 45 and 64 years.
- 117(23.78%) households where the householder is over 65 years old.
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Gender
In Big Sandy, the population consists of 582 males (44.29%) and 732 females (55.71%). Here are the primary highlights from the gender-based income distribution analysis:
- In Big Sandy, the median income for all workers aged 15 years and older, regardless of work hours, was $32,327 for males and $21,957 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $43,743 for males and $34,164 for females.
- In Big Sandy, the median income for all workers aged 15 years and older, regardless of work hours, was $32,327 for males and $21,957 for females.
- In Big Sandy, among full-time, year-round workers aged 15 years and older, males earned a median income of $43,743, while females earned $34,164, leading to a 22% gender pay gap among full-time workers. This illustrates that women earn 78 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.
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Race
In Big Sandy, the population is predominantly White, constituting 86.30% 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 $43,987.
- In Big Sandy, White is both the largest group and the one with the highest median household income, which stands at $43,987.
- In Big Sandy, the median household income for the households where the householder is White decreased by $8,842(16.74%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,829 in 2011 and $43,987 in 2021.
- In Big Sandy, the median household income for Black or African American households was $22,519 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
Big Sandy, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Big Sandy increased by $2,335 (5.69%), 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 2020 to 2021, when the median household income increased by 7,268 (from $36,119 to $43,387). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 9,092 (from $45,211 to $36,119).
- It then further increased to $66,110 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4562, it is evident that income distribution in Big Sandy, TX exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $67,287. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $30,588.
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