Age of householder
Per the latest American Community Survey by the Census Bureau, Carrizo Springs sees its highest median household income among householders in the age group of 65 years and over old, at $22,566. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Carrizo Springs only reports a median household income of $22,566 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $1,799(8.66%), escalating from a median of $20,767 in 2011 to $22,566 in 2021.
- 31(1.88%) households where the householder is under 25 years old.
- 575(34.83%) households with a householder aged between 25 and 44 years.
- 533(32.28%) households with a householder aged between 45 and 64 years.
- 512(31.01%) households where the householder is over 65 years old.
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Gender
In Carrizo Springs, the population consists of 2,675 males (53.35%) and 2,339 females (46.65%). Here are the primary highlights from the gender-based income distribution analysis:
- In Carrizo Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $14,161 for males and $15,804 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,240 for males and $26,333 for females.
- In Carrizo Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $14,161 for males and $15,804 for females.
- In Carrizo Springs, among full-time, year-round workers aged 15 years and older, males earned a median income of $57,240, while females earned $26,333, leading to a 54% gender pay gap among full-time workers. This illustrates that women earn 46 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 Carrizo Springs, the population is predominantly White, constituting 66.79% 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 $24,024.
- In Carrizo Springs, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $154,720. This reveals that, while Whites may be the most numerous in Carrizo Springs, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Carrizo Springs, the median household income for the households where the householder is White decreased by $19,391(44.66%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $43,415 in 2011 and $24,024 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
Carrizo Springs, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Carrizo Springs decreased by $17,790 (42.61%), 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 2019 to 2020, when the median household income increased by 5,839 (from $34,628 to $40,467). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 16,506 (from $40,467 to $23,961).
- It then further increased to $79,647 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.497, it is evident that income distribution in Carrizo Springs, TX exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,172.
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