Age of householder
Per the latest American Community Survey by the Census Bureau, Devol sees its highest median household income among householders in the age group of 25 to 44 years old, at $34,003. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Devol only reports a median household income of $34,003 among householders in the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $39,875(53.97%), declining from a median of $73,878 in 2011 to $34,003 in 2021.
- 2(5.13%) households where the householder is under 25 years old.
- 17(43.59%) households with a householder aged between 25 and 44 years.
- 11(28.21%) households with a householder aged between 45 and 64 years.
- 9(23.08%) households where the householder is over 65 years old.
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Gender
In Devol, the population consists of 104 males (61.90%) and 64 females (38.10%). Here are the primary highlights from the gender-based income distribution analysis:
- In Devol, the median income for all workers aged 15 years and older, regardless of work hours, was $33,508 for males and $28,374 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $34,859 for males and $30,806 for females.
- In Devol, the median income for all workers aged 15 years and older, regardless of work hours, was $33,508 for males and $28,374 for females.
- In Devol, among full-time, year-round workers aged 15 years and older, males earned a median income of $34,859, while females earned $30,806, resulting in a 12% gender pay gap among full-time workers. This illustrates that women earn 88 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 Devol.
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Race
In Devol, the population is predominantly White, constituting 89.88% 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 $74,313.
- In Devol, White is both the largest group and the one with the highest median household income, which stands at $74,313.
- In Devol, the median household income for the households where the householder is White increased by $40,223(117.99%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $34,090 in 2011 and $74,313 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
Devol, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Devol increased by $18,996 (36.48%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 15,653 (from $43,227 to $58,880). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 17,984 (from $52,074 to $34,090).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3461, it is evident that income distribution in Devol, OK exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $9,893.
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