Age of householder
Per the latest American Community Survey by the Census Bureau, Big Water sees its highest median household income among householders in the age group of 25 to 44 years old, at $111,509. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Big Water, the median household income stands at $111,509 for householders within the 25 to 44 years age group, followed by $69,584 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $49,317.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $74,120(198.24%), escalating from a median of $37,389 in 2011 to $111,509 in 2021.
- 1(0.37%) households where the householder is under 25 years old.
- 59(21.61%) households with a householder aged between 25 and 44 years.
- 104(38.10%) households with a householder aged between 45 and 64 years.
- 109(39.93%) households where the householder is over 65 years old.
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Gender
In Big Water, the population consists of 296 males (47.59%) and 326 females (52.41%). Here are the primary highlights from the gender-based income distribution analysis:
- In Big Water, the median income for all workers aged 15 years and older, regardless of work hours, was $46,361 for males and $25,582 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,249 for males and $40,341 for females.
- In Big Water, the median income for all workers aged 15 years and older, regardless of work hours, was $46,361 for males and $25,582 for females.
- In Big Water, among full-time, year-round workers aged 15 years and older, males earned a median income of $60,249, while females earned $40,341, leading to a 33% gender pay gap among full-time workers. This illustrates that women earn 67 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Big Water, the population is predominantly White, constituting 85.21% 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 $63,504.
- In Big Water, White is both the largest group and the one with the highest median household income, which stands at $63,504.
- In Big Water, the median household income for the households where the householder is White increased by $16,104(33.97%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $47,400 in 2011 and $63,504 in 2021.
- As per the U.S. Census Bureau population data, in Big Water, 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 Water, UT median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Big Water increased by $17,685 (42.92%), 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 2012 to 2013, when the median household income increased by 22,785 (from $46,695 to $69,480). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 15,190 (from $63,492 to $48,302).
- It then further increased to $106,934 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3938, it is evident that income distribution in Big Water, UT exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $29,064.
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