Age of householder
Per the latest American Community Survey by the Census Bureau, Forkland sees its highest median household income among householders in the age group of 45 to 64 years old, at $15,606. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Forkland only reports a median household income of $15,606 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 $486(3.21%), escalating from a median of $15,120 in 2011 to $15,606 in 2021.
- 0 households where the householder is under 25 years old.
- 3(1.26%) households with a householder aged between 25 and 44 years.
- 117(48.95%) households with a householder aged between 45 and 64 years.
- 119(49.79%) households where the householder is over 65 years old.
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Gender
In Forkland, the population consists of 295 males (33.30%) and 591 females (66.70%). Here are the primary highlights from the gender-based income distribution analysis:
- In Forkland, while the Census reported a median income of $14,232 for all female workers aged 15 years and older, data for males 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, while the Census reported a median income of $28,218 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Forkland, while the Census reported a median income of $14,232 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Forkland, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $28,218 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Forkland, the population is predominantly Black or African American, constituting 84.31% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $17,565.
- In Forkland, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $89,851. This reveals that, while Black or African Americans may be the most numerous in Forkland, White households experience greater economic prosperity in terms of median household income.
- In Forkland, the median household income for the households where the householder is White increased by $70,704(369.27%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $19,147 in 2011 and $89,851 in 2021.
- In Forkland, the median household income for the households where the householder is Black or African American increased by $1,354(8.35%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $16,211 in 2011 and $17,565 in 2021.
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Year by year
Forkland, AL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Forkland increased by $1,968 (8.07%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 10,764 (from $23,617 to $34,381). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 7,162 (from $24,379 to $17,217).
- It then further increased to $28,644 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4649, it is evident that income distribution in Forkland, AL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $28,779. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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