Age of householder
Per the latest American Community Survey by the Census Bureau, Cankton sees its highest median household income among householders in the age group of 25 to 44 years old, at $95,545. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Cankton, the median household income stands at $95,545 for householders within the 25 to 44 years age group, followed by $62,963 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 $36,481.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $34,930(57.63%), escalating from a median of $60,615 in 2011 to $95,545 in 2021.
- 41(21.03%) households where the householder is under 25 years old.
- 67(34.36%) households with a householder aged between 25 and 44 years.
- 51(26.15%) households with a householder aged between 45 and 64 years.
- 36(18.46%) households where the householder is over 65 years old.
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Gender
In Cankton, the population consists of 264 males (42.11%) and 363 females (57.89%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cankton, while the Census reported a median income of $26,010 for all female workers aged 15 years and older, data for males 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 Census reported a median income of $43,816 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Cankton, while the Census reported a median income of $26,010 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Cankton, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $43,816 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Cankton, the population is predominantly White, constituting 94.58% 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 $42,156.
- In Cankton, White is both the largest group and the one with the highest median household income, which stands at $42,156.
- In Cankton, the median household income for the households where the householder is White decreased by $11,782(21.84%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,938 in 2011 and $42,156 in 2021.
- In Cankton, the median household income for Black or African American households was $47,400 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
Cankton, LA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cankton decreased by $6,413 (12.94%), 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 2018 to 2019, when the median household income increased by 21,208 (from $43,739 to $64,947). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 23,070 (from $64,947 to $41,877).
- It then further increased to $85,122 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4156, it is evident that income distribution in Cankton, LA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $44,394. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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