Age of householder
Per the latest American Community Survey by the Census Bureau, Helena-West Helena sees its highest median household income among householders in the age group of 65 years and over old, at $31,617. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Helena-West Helena, the median household income stands at $31,617 for householders within the 65 years and over age group, followed by $29,645 for the 25 to 44 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $27,105.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $838(2.58%), declining from a median of $32,455 in 2011 to $31,617 in 2021.
- 81(2.26%) households where the householder is under 25 years old.
- 1,082(30.18%) households with a householder aged between 25 and 44 years.
- 1,478(41.23%) households with a householder aged between 45 and 64 years.
- 944(26.33%) households where the householder is over 65 years old.
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Gender
In Helena-West Helena, the population consists of 4,435 males (45.69%) and 5,272 females (54.31%). Here are the primary highlights from the gender-based income distribution analysis:
- In Helena-West Helena, the median income for all workers aged 15 years and older, regardless of work hours, was $25,260 for males and $16,371 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $43,029 for males and $45,939 for females.
- In Helena-West Helena, the median income for all workers aged 15 years and older, regardless of work hours, was $25,260 for males and $16,371 for females.
- In Helena-West Helena, among full-time, year-round workers aged 15 years and older, males earned a median income of $43,029, while females earned $45,939
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Race
In Helena-West Helena, the population is predominantly Black or African American, constituting 77.63% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $22,255.
- In Helena-West Helena, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $45,123. This reveals that, while Black or African Americans may be the most numerous in Helena-West Helena, White households experience greater economic prosperity in terms of median household income.
- In Helena-West Helena, the median household income for the households where the householder is White decreased by $11,351(20.10%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,474 in 2011 and $45,123 in 2021.
- In Helena-West Helena, the median household income for the households where the householder is Black or African American decreased by $5,953(21.10%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $28,208 in 2011 and $22,255 in 2021.
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Year by year
Helena-West Helena, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Helena-West Helena decreased by $6,622 (19.23%), 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 2020 to 2021, when the median household income increased by 1,207 (from $26,610 to $27,817). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 3,843 (from $33,224 to $29,381).
- It then further increased to $22,375 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5013, it is evident that income distribution in Helena-West Helena, AR exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $34,024. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $18,838.
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