Age of householder
Per the latest American Community Survey by the Census Bureau, Bodcaw sees its highest median household income among householders in the age group of 65 years and over old, at $59,450. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bodcaw, the median household income stands at $59,450 for householders within the 65 years and over age group, followed by $52,694 for the 25 to 44 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $50,549.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $4,478(8.14%), declining from a median of $55,027 in 2011 to $50,549 in 2021.
- 0 households where the householder is under 25 years old.
- 4(9.09%) households with a householder aged between 25 and 44 years.
- 28(63.64%) households with a householder aged between 45 and 64 years.
- 12(27.27%) households where the householder is over 65 years old.
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Gender
In Bodcaw, the population consists of 101 males (67.33%) and 49 females (32.67%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bodcaw, while the Census reported a median income of $46,614 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,446 for males and $49,992 for females.
- In Bodcaw, while the Census reported a median income of $46,614 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Bodcaw, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,446, while females earned $49,992
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Race
In Bodcaw, the population is predominantly White, constituting 95.33% 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 $50,764.
- In Bodcaw, White is both the largest group and the one with the highest median household income, which stands at $50,764.
- In Bodcaw, the median household income for the households where the householder is White decreased by $8,486(14.32%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $59,250 in 2011 and $50,764 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.
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Year by year
Bodcaw, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bodcaw decreased by $9,737 (16.11%), 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 2013 to 2014, when the median household income increased by 15,038 (from $61,750 to $76,788). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 19,102 (from $76,788 to $57,686).
- It then further increased to $77,015 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2709, it is evident that income distribution in Bodcaw, AR exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $52,079.
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