Age of householder
Per the latest American Community Survey by the Census Bureau, Five Points sees its highest median household income among householders in the age group of 45 to 64 years old, at $77,015. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Five Points only reports a median household income of $77,015 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 $3,055(4.13%), escalating from a median of $73,960 in 2011 to $77,015 in 2021.
- 0 households where the householder is under 25 years old.
- 3(8.11%) households with a householder aged between 25 and 44 years.
- 27(72.97%) households with a householder aged between 45 and 64 years.
- 7(18.92%) households where the householder is over 65 years old.
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Gender
In Five Points, the population consists of 54 males (44.63%) and 67 females (55.37%). Here are the primary highlights from the gender-based income distribution analysis:
- In Five Points, the median income for all workers aged 15 years and older, regardless of work hours, was $37,495 for males and $22,969 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 $33,533 for females.
- In Five Points, the median income for all workers aged 15 years and older, regardless of work hours, was $37,495 for males and $22,969 for females.
- In Five Points, among full-time, year-round workers aged 15 years and older, males earned a median income of $36,481, while females earned $33,533, resulting in a 8% gender pay gap among full-time workers. This illustrates that women earn 92 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 Five Points.
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Race
In Five Points, the population is predominantly White, constituting 66.12% 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 not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
- In Five Points, despite the White population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $52,694. This reveals that, while Whites may be the most numerous in Five Points, Black or African American households experience greater economic prosperity in terms of median household income.
- In Five Points, the median household income for White households was $128,306 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- In Five Points, the median household income for the households where the householder is Black or African American decreased by $4,349(7.62%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,043 in 2011 and $52,694 in 2021.
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Year by year
Five Points, AL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Five Points increased by $3,119 (5.39%), 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 18,438 (from $37,851 to $56,289). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 21,386 (from $59,237 to $37,851).
- It then further increased to $95,072 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.289, it is evident that income distribution in Five Points, AL exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $51,512.
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