Age of householder
Per the latest American Community Survey by the Census Bureau, Hale Center sees its highest median household income among householders in the age group of 45 to 64 years old, at $55,096. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hale Center, the median household income stands at $55,096 for householders within the 45 to 64 years age group, followed by $43,236 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $33,830.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $7,027(19.41%), escalating from a median of $36,209 in 2011 to $43,236 in 2021.
- 2(0.25%) households where the householder is under 25 years old.
- 224(27.72%) households with a householder aged between 25 and 44 years.
- 368(45.54%) households with a householder aged between 45 and 64 years.
- 214(26.49%) households where the householder is over 65 years old.
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Gender
In Hale Center, the population consists of 1,026 males (50.07%) and 1,023 females (49.93%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hale Center, the median income for all workers aged 15 years and older, regardless of work hours, was $23,093 for males and $26,888 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $36,932 for males and $43,601 for females.
- In Hale Center, the median income for all workers aged 15 years and older, regardless of work hours, was $23,093 for males and $26,888 for females.
- In Hale Center, among full-time, year-round workers aged 15 years and older, males earned a median income of $36,932, while females earned $43,601
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Race
In Hale Center, the population is predominantly White, constituting 66.13% 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 $40,234.
- In Hale Center, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $140,583. This reveals that, while Whites may be the most numerous in Hale Center, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Hale Center, the median household income for the households where the householder is White decreased by $11,835(22.73%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,069 in 2011 and $40,234 in 2021.
- In Hale Center, the median household income for the households where the householder is Black or African American decreased by $5,067(29.52%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $17,162 in 2011 and $12,095 in 2021.
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Year by year
Hale Center, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hale Center increased by $2,303 (5.63%), 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 10,331 (from $40,933 to $51,264). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 6,756 (from $51,264 to $44,508).
- It then further increased to $50,606 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4333, it is evident that income distribution in Hale Center, TX exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $55,565. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $12,584.
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