Age of householder
Per the latest American Community Survey by the Census Bureau, Caddo Valley sees its highest median household income among householders in the age group of 45 to 64 years old, at $66,206. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Caddo Valley, the median household income stands at $66,206 for householders within the 45 to 64 years age group, followed by $57,648 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $45,939.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $34,220(146.06%), escalating from a median of $23,428 in 2011 to $57,648 in 2021.
- 20(8.51%) households where the householder is under 25 years old.
- 80(34.04%) households with a householder aged between 25 and 44 years.
- 109(46.38%) households with a householder aged between 45 and 64 years.
- 26(11.06%) households where the householder is over 65 years old.
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Gender
In Caddo Valley, the population consists of 272 males (43.52%) and 353 females (56.48%). Here are the primary highlights from the gender-based income distribution analysis:
- In Caddo Valley, the median income for all workers aged 15 years and older, regardless of work hours, was $22,519 for males and $34,003 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $42,561 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Caddo Valley, the median income for all workers aged 15 years and older, regardless of work hours, was $22,519 for males and $34,003 for females.
- In Caddo Valley, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $42,561 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Caddo Valley, the population is predominantly White, constituting 57.12% 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 $61,072.
- In Caddo Valley, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $74,313. This reveals that, while Whites may be the most numerous in Caddo Valley, Black or African American households experience greater economic prosperity in terms of median household income.
- In Caddo Valley, the median household income for the households where the householder is White decreased by $4,852(7.36%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,924 in 2011 and $61,072 in 2021.
- In Caddo Valley, the median household income for the households where the householder is Black or African American decreased by $14,074(15.92%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $88,387 in 2011 and $74,313 in 2021.
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Year by year
Caddo Valley, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Caddo Valley increased by $14,680 (31.46%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 19,806 (from $46,662 to $66,468). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 10,113 (from $66,468 to $56,355).
- It then further increased to $66,836 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4162, it is evident that income distribution in Caddo Valley, AR exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $61,072. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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