All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Age of householder
Per the latest American Community Survey by the Census Bureau, Copan sees its highest median household income among householders in the age group of under 25 years old, at $77,015. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Copan, householders within the under 25 years age group have the highest median household income at $77,015, followed by those in the 25 to 44 years age group with an income of $68,831. Meanwhile householders within the 45 to 64 years age group report the second lowest median household income of $48,641. Notably, householders within the 65 years and over age group, had the lowest median household income at $28,424.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $67,208(685.31%), escalating from a median of $9,807 in 2011 to $77,015 in 2021.
- 5(1.06%) households where the householder is under 25 years old.
- 99(21.06%) households with a householder aged between 25 and 44 years.
- 112(23.83%) households with a householder aged between 45 and 64 years.
- 254(54.04%) households where the householder is over 65 years old.
![Copan, OK median household income by age of householder The bar chart shows Copan, OK median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).](https://i.neilsberg.com/ch/copan-ok-median-household-income-by-age.jpeg)
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Gender
In Copan, the population consists of 344 males (37.89%) and 564 females (62.11%). Here are the primary highlights from the gender-based income distribution analysis:
- In Copan, the median income for all workers aged 15 years and older, regardless of work hours, was $35,805 for males and $27,976 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $49,992 for males and $47,965 for females.
- In Copan, the median income for all workers aged 15 years and older, regardless of work hours, was $35,805 for males and $27,976 for females.
- In Copan, among full-time, year-round workers aged 15 years and older, males earned a median income of $49,992, while females earned $47,965, resulting in a 4% gender pay gap among full-time workers. This illustrates that women earn 96 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the town of Copan.
![Copan, OK gender based income disparity Line chart showing the annual median income trends in Copan, OK for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).](https://i.neilsberg.com/ch/copan-ok-income-by-gender.jpeg)
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Race
In Copan, the population is predominantly White, constituting 70.15% 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 $29,205.
- In Copan, 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 $68,291. This reveals that, while Whites may be the most numerous in Copan, American Indian and Alaska Native households experience greater economic prosperity in terms of median household income.
- In Copan, the median household income for the households where the householder is White decreased by $8,388(22.31%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $37,593 in 2011 and $29,205 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.
![Copan, OK median household income diversity across racial categories The bar chart shows Copan, OK median household income across all racial categories identified by the U.S. Census Bureau.](https://i.neilsberg.com/ch/copan-ok-median-household-income-by-race.jpeg)
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Year by year
Copan, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Copan decreased by $16,268 (35.48%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2011 to 2012, when the median household income increased by 14,480 (from $38,993 to $53,473). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 21,405 (from $55,816 to $34,411).
- It then further increased to $117,098 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4114, it is evident that income distribution in Copan, OK exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $47,177.
![Copan, OK median household income trend (2010-2021, in 2022 inflation-adjusted dollars) The line chart shows Copan, OK median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.](https://i.neilsberg.com/ch/copan-ok-median-household-income-trend.jpeg)
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)