Age of householder
Per the latest American Community Survey by the Census Bureau, Hokes Bluff sees its highest median household income among householders in the age group of 45 to 64 years old, at $90,040. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hokes Bluff, the median household income stands at $90,040 for householders within the 45 to 64 years age group, followed by $53,129 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 $52,926.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $28,347(45.95%), escalating from a median of $61,693 in 2011 to $90,040 in 2021.
- 27(1.49%) households where the householder is under 25 years old.
- 434(24.02%) households with a householder aged between 25 and 44 years.
- 598(33.09%) households with a householder aged between 45 and 64 years.
- 748(41.39%) households where the householder is over 65 years old.
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Gender
In Hokes Bluff, the population consists of 1,851 males (42.05%) and 2,551 females (57.95%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hokes Bluff, the median income for all workers aged 15 years and older, regardless of work hours, was $49,668 for males and $29,325 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $69,756 for males and $45,964 for females.
- In Hokes Bluff, the median income for all workers aged 15 years and older, regardless of work hours, was $49,668 for males and $29,325 for females.
- In Hokes Bluff, among full-time, year-round workers aged 15 years and older, males earned a median income of $69,756, while females earned $45,964, leading to a 34% gender pay gap among full-time workers. This illustrates that women earn 66 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Hokes Bluff, the population is predominantly White, constituting 99.30% 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 $61,267.
- In Hokes Bluff, White is both the largest group and the one with the highest median household income, which stands at $61,267.
- In Hokes Bluff, the median household income for the households where the householder is White decreased by $1,375(2.20%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $62,642 in 2011 and $61,267 in 2021.
- As per the U.S. Census Bureau population data, in Hokes Bluff, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Hokes Bluff, AL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hokes Bluff decreased by $12,495 (16.94%), 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 2019 to 2020, when the median household income increased by 4,645 (from $56,454 to $61,099). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 11,120 (from $73,762 to $62,642).
- It then further increased to $89,743 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3199, it is evident that income distribution in Hokes Bluff, AL exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $90,824. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $42,528.
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