Age of householder
Per the latest American Community Survey by the Census Bureau, Fredonia (Biscoe) sees its highest median household income among householders in the age group of 45 to 64 years old, at $81,519. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Fredonia (Biscoe) only reports a median household income of $81,519 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 $30,033(58.33%), escalating from a median of $51,486 in 2011 to $81,519 in 2021.
- 0 households where the householder is under 25 years old.
- 19(21.59%) households with a householder aged between 25 and 44 years.
- 35(39.77%) households with a householder aged between 45 and 64 years.
- 34(38.64%) households where the householder is over 65 years old.
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Gender
In Fredonia (Biscoe), the population consists of 107 males (41.15%) and 153 females (58.85%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fredonia (Biscoe), the median income for all workers aged 15 years and older, regardless of work hours, was $30,401 for males and $29,860 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,741 for males and $48,190 for females.
- In Fredonia (Biscoe), the median income for all workers aged 15 years and older, regardless of work hours, was $30,401 for males and $29,860 for females.
- In Fredonia (Biscoe), among full-time, year-round workers aged 15 years and older, males earned a median income of $47,741, while females earned $48,190
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Race
In Fredonia (Biscoe), the population is predominantly White, constituting 55.77% 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 $45,939.
- In Fredonia (Biscoe), White is both the largest group and the one with the highest median household income, which stands at $45,939.
- In Fredonia (Biscoe), the median household income for the households where the householder is White decreased by $6,831(12.94%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,770 in 2011 and $45,939 in 2021.
- In Fredonia (Biscoe), the median household income for Black or African American households was $37,048 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Fredonia (Biscoe), AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fredonia (Biscoe) increased by $4,107 (10.50%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 14,395 (from $45,886 to $60,281). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 14,601 (from $60,281 to $45,680).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4527, it is evident that income distribution in Fredonia (Biscoe), AR exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $23,120.
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