Age of householder
Per the latest American Community Survey by the Census Bureau, Fort Gay sees its highest median household income among householders in the age group of under 25 years old, at $31,301. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Fort Gay, where there exist only two delineated age groups, the median household income is $31,301 for householders within the under 25 years age group, compared to $22,034 for the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $220(0.99%), declining from a median of $22,254 in 2011 to $22,034 in 2021.
- 19(7.54%) households where the householder is under 25 years old.
- 75(29.76%) households with a householder aged between 25 and 44 years.
- 76(30.16%) households with a householder aged between 45 and 64 years.
- 82(32.54%) households where the householder is over 65 years old.
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Gender
In Fort Gay, the population consists of 267 males (45.25%) and 323 females (54.75%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fort Gay, the median income for all workers aged 15 years and older, regardless of work hours, was $30,266 for males and $17,275 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $36,273 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Fort Gay, the median income for all workers aged 15 years and older, regardless of work hours, was $30,266 for males and $17,275 for females.
- In Fort Gay, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $36,273 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Fort Gay, the population is predominantly White, constituting 97.46% 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 $21,618.
- In Fort Gay, White is both the largest group and the one with the highest median household income, which stands at $21,618.
- In Fort Gay, the median household income for the households where the householder is White decreased by $1,265(5.53%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $22,883 in 2011 and $21,618 in 2021.
- As per the U.S. Census Bureau population data, in Fort Gay, 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
Fort Gay, WV median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fort Gay decreased by $2,301 (9.62%), 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 3,573 (from $15,429 to $19,002). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 4,027 (from $22,883 to $18,856).
- It then further increased to $57,475 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4715, it is evident that income distribution in Fort Gay, WV exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $36,256. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $16,494.
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