Age of householder
Per the latest American Community Survey by the Census Bureau, Fulton sees its highest median household income among householders in the age group of 45 to 64 years old, at $35,468. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Fulton, where there exist only two delineated age groups, the median household income is $35,468 for householders within the 45 to 64 years age group, compared to $27,833 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $14,553(109.59%), escalating from a median of $13,280 in 2011 to $27,833 in 2021.
- 2(1.83%) households where the householder is under 25 years old.
- 5(4.59%) households with a householder aged between 25 and 44 years.
- 61(55.96%) households with a householder aged between 45 and 64 years.
- 41(37.61%) households where the householder is over 65 years old.
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Gender
In Fulton, the population consists of 64 males (35.36%) and 117 females (64.64%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fulton, the median income for all workers aged 15 years and older, regardless of work hours, was $29,950 for males and $16,552 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $34,792 for males and $44,588 for females.
- In Fulton, the median income for all workers aged 15 years and older, regardless of work hours, was $29,950 for males and $16,552 for females.
- In Fulton, among full-time, year-round workers aged 15 years and older, males earned a median income of $34,792, while females earned $44,588
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Race
In Fulton, the population is predominantly White, constituting 51.93% 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 $23,780.
- In Fulton, White is both the largest group and the one with the highest median household income, which stands at $23,780.
- In Fulton, the median household income for the households where the householder is White increased by $4,166(21.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $19,614 in 2011 and $23,780 in 2021.
- In Fulton, the median household income for Black or African American households was $59,287 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
Fulton, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fulton decreased by $10,116 (26.66%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2014 to 2015, when the median household income increased by 7,639 (from $28,366 to $36,005). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 12,778 (from $37,949 to $25,171).
- It then further increased to $35,580 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4346, it is evident that income distribution in Fulton, AR exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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