Age of householder
Per the latest American Community Survey by the Census Bureau, Gu-Win sees its highest median household income among householders in the age group of 45 to 64 years old, at $57,930. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Gu-Win, where there exist only two delineated age groups, the median household income is $57,930 for householders within the 45 to 64 years age group, compared to $35,130 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $10,090(22.31%), declining from a median of $45,220 in 2011 to $35,130 in 2021.
- 5(10%) households where the householder is under 25 years old.
- 10(20%) households with a householder aged between 25 and 44 years.
- 29(58%) households with a householder aged between 45 and 64 years.
- 6(12%) households where the householder is over 65 years old.
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Race
In Gu-Win, the population is predominantly White, constituting 68.06% 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 $37,156.
- In Gu-Win, White is both the largest group and the one with the highest median household income, which stands at $37,156.
- In Gu-Win, the median household income for the households where the householder is White decreased by $41,299(52.64%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $78,455 in 2011 and $37,156 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Gu-Win, AL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Gu-Win decreased by $38,934 (51.63%), 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 2010 to 2011, when the median household income increased by 3,040 (from $75,415 to $78,455). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 17,125 (from $80,736 to $63,611).
- It then further increased to $57,592 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4196, it is evident that income distribution in Gu-Win, AL exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $53,370.
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