Age of householder
Per the latest American Community Survey by the Census Bureau, Cuba sees its highest median household income among householders in the age group of 25 to 44 years old, at $41,114. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Cuba, where there exist only two delineated age groups, the median household income is $41,114 for householders within the 25 to 44 years age group, compared to $35,253 for 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 $3,585(11.32%), escalating from a median of $31,668 in 2011 to $35,253 in 2021.
- 0 households where the householder is under 25 years old.
- 95(54.29%) households with a householder aged between 25 and 44 years.
- 53(30.29%) households with a householder aged between 45 and 64 years.
- 27(15.43%) households where the householder is over 65 years old.
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Gender
In Cuba, the population consists of 254 males (48.66%) and 268 females (51.34%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cuba, the median income for all workers aged 15 years and older, regardless of work hours, was $28,439 for males and $16,889 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $34,812 for males and $60,464 for females.
- In Cuba, the median income for all workers aged 15 years and older, regardless of work hours, was $28,439 for males and $16,889 for females.
- In Cuba, among full-time, year-round workers aged 15 years and older, males earned a median income of $34,812, while females earned $60,464
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Race
In Cuba, the population is predominantly American Indian and Alaska Native, constituting 38.89% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for American Indian and Alaska Native households is $35,468.
- In Cuba, despite the American Indian and Alaska Native 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 $41,548. This reveals that, while American Indian and Alaska Natives may be the most numerous in Cuba, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Cuba, the median household income for the households where the householder is White increased by $2,447(7.68%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $31,872 in 2011 and $34,319 in 2021.
- As per the U.S. Census Bureau population data, in Cuba, 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
Cuba, NM median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cuba increased by $4,896 (15.41%), 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 2014 to 2015, when the median household income increased by 13,685 (from $34,128 to $47,813). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 15,856 (from $52,517 to $36,661).
- It then further increased to $135,565 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3944, it is evident that income distribution in Cuba, NM exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $44,588. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $23,461.
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