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, Cross Timbers sees its highest median household income among householders in the age group of 45 to 64 years old, at $52,071. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Cross Timbers only reports a median household income of $52,071 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $11,755(29.16%), escalating from a median of $40,316 in 2011 to $52,071 in 2021.
- 0 households where the householder is under 25 years old.
- 3(3.33%) households with a householder aged between 25 and 44 years.
- 65(72.22%) households with a householder aged between 45 and 64 years.
- 22(24.44%) households where the householder is over 65 years old.
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Gender
In Cross Timbers, the population consists of 210 males (47.84%) and 229 females (52.16%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cross Timbers, while the Census reported a median income of $27,717 for all male workers aged 15 years and older, data for females 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 $33,779 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Cross Timbers, while the Census reported a median income of $27,717 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Cross Timbers, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $33,779 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Cross Timbers, the population is predominantly White, constituting 100% 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 $51,759.
- In Cross Timbers, White is both the largest group and the one with the highest median household income, which stands at $51,759.
- In Cross Timbers, the median household income for the households where the householder is White increased by $21,521(71.17%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $30,238 in 2011 and $51,759 in 2021.
- As per the U.S. Census Bureau population data, in Cross Timbers, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Cross Timbers, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cross Timbers increased by $23,346 (82.17%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 18,380 (from $33,011 to $51,391). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 3,341 (from $30,238 to $26,897).
- It then further increased to $52,965 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3362, it is evident that income distribution in Cross Timbers, MO exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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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)