Gender
In Hoover, the population consists of 43,553 males (47.67%) and 47,818 females (52.33%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hoover, the median income for all workers aged 15 years and older, regardless of work hours, was $65,649 for males and $43,873 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $88,589 for males and $64,595 for females.
- In Hoover, the median income for all workers aged 15 years and older, regardless of work hours, was $65,649 for males and $43,873 for females.
- In Hoover, among full-time, year-round workers aged 15 years and older, males earned a median income of $88,589, while females earned $64,595, leading to a 27% gender pay gap among full-time workers. This illustrates that women earn 73 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Hoover, the population is predominantly White, constituting 70.25% 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 $113,129.
- In Hoover, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $155,924. This reveals that, while Whites may be the most numerous in Hoover, Asian households experience greater economic prosperity in terms of median household income.
- In Hoover, the median household income for the households where the householder is White increased by $10,380(10.10%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $102,749 in 2012 and $113,129 in 2022.
- In Hoover, the median household income for the households where the householder is Black or African American increased by $1,224(2.19%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $55,857 in 2012 and $57,081 in 2022.
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Year by year
Hoover, AL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hoover increased by $5,291 (5.37%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 4,460 (from $98,250 to $102,710). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 2,767 (from $97,419 to $94,652).
- It then further increased to $169,924 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4349, it is evident that income distribution in Hoover, AL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $133,055. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $55,277.
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