Age of householder
Per the latest American Community Survey by the Census Bureau, Fall River sees its highest median household income among householders in the age group of 45 to 64 years old, at $87,554. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Fall River, the median household income stands at $87,554 for householders within the 45 to 64 years age group, followed by $84,446 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $38,846.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $36,068(70.05%), escalating from a median of $51,486 in 2011 to $87,554 in 2021.
- 8(12.90%) households where the householder is under 25 years old.
- 7(11.29%) households with a householder aged between 25 and 44 years.
- 24(38.71%) households with a householder aged between 45 and 64 years.
- 23(37.10%) households where the householder is over 65 years old.
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Gender
In Fall River, the population consists of 92 males (55.09%) and 75 females (44.91%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fall River, the median income for all workers aged 15 years and older, regardless of work hours, was $41,435 for males and $17,565 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $47,741 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Fall River, the median income for all workers aged 15 years and older, regardless of work hours, was $41,435 for males and $17,565 for females.
- In Fall River, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $47,741 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Fall River, the population is predominantly White, constituting 94.61% 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 $45,263.
- In Fall River, White is both the largest group and the one with the highest median household income, which stands at $45,263.
- In Fall River, the median household income for the households where the householder is White increased by $3,094(7.34%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $42,169 in 2011 and $45,263 in 2021.
- As per the U.S. Census Bureau population data, in Fall River, 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
Fall River, KS median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fall River decreased by $2,074 (4.44%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2013 to 2014, when the median household income increased by 6,895 (from $44,685 to $51,580). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 12,188 (from $58,096 to $45,908).
- It then further increased to $171,595 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4404, it is evident that income distribution in Fall River, KS exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $35,841.
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