Age of householder
Per the latest American Community Survey by the Census Bureau, Council Hill sees its highest median household income among householders in the age group of 25 to 44 years old, at $47,290. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Council Hill, where there exist only two delineated age groups, the median household income is $47,290 for householders within the 25 to 44 years age group, compared to $40,534 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 $21,546(83.69%), escalating from a median of $25,744 in 2011 to $47,290 in 2021.
- 4(13.79%) households where the householder is under 25 years old.
- 8(27.59%) households with a householder aged between 25 and 44 years.
- 11(37.93%) households with a householder aged between 45 and 64 years.
- 6(20.69%) households where the householder is over 65 years old.
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Gender
In Council Hill, the population consists of 46 males (61.33%) and 29 females (38.67%). Here are the primary highlights from the gender-based income distribution analysis:
- In Council Hill, the median income for all workers aged 15 years and older, regardless of work hours, was $23,870 for males and $16,020 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $36,481 for males and $22,632 for females.
- In Council Hill, the median income for all workers aged 15 years and older, regardless of work hours, was $23,870 for males and $16,020 for females.
- In Council Hill, among full-time, year-round workers aged 15 years and older, males earned a median income of $36,481, while females earned $22,632, leading to a 38% gender pay gap among full-time workers. This illustrates that women earn 62 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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Year by year
Council Hill, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Council Hill decreased by $2,764 (7.56%), 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 2013 to 2014, when the median household income increased by 16,573 (from $29,965 to $46,538). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 12,963 (from $46,742 to $33,779).
- NA
- With a Gini coefficient of 0.3952, it is evident that income distribution in Council Hill, OK exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $26,212.
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