Age of householder
Per the latest American Community Survey by the Census Bureau, Braman sees its highest median household income among householders in the age group of 25 to 44 years old, at $85,122. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Braman, where there exist only two delineated age groups, the median household income is $85,122 for householders within the 25 to 44 years age group, compared to $23,870 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $12,660(17.47%), escalating from a median of $72,462 in 2011 to $85,122 in 2021.
- 3(3.80%) households where the householder is under 25 years old.
- 12(15.19%) households with a householder aged between 25 and 44 years.
- 19(24.05%) households with a householder aged between 45 and 64 years.
- 45(56.96%) households where the householder is over 65 years old.
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Gender
In Braman, the population consists of 74 males (52.11%) and 68 females (47.89%). Here are the primary highlights from the gender-based income distribution analysis:
- In Braman, the median income for all workers aged 15 years and older, regardless of work hours, was $25,672 for males and $19,592 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $36,481 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Braman, the median income for all workers aged 15 years and older, regardless of work hours, was $25,672 for males and $19,592 for females.
- In Braman, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $36,481 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Braman, the population is predominantly White, constituting 89.44% 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 $26,722.
- In Braman, 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 $28,374. This reveals that, while Whites may be the most numerous in Braman, American Indian and Alaska Native households experience greater economic prosperity in terms of median household income.
- In Braman, the median household income for the households where the householder is White decreased by $20,678(43.62%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $47,400 in 2011 and $26,722 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
Braman, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Braman decreased by $26,387 (49.83%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2013 to 2014, when the median household income increased by 18,310 (from $42,189 to $60,499). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 11,388 (from $37,960 to $26,572).
- It then further increased to $118,225 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4912, it is evident that income distribution in Braman, OK exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $63,504. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $22,198.
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