Age of householder
Per the latest American Community Survey by the Census Bureau, Horseshoe Lake sees its highest median household income among householders in the age group of 45 to 64 years old, at $53,370. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Horseshoe Lake, where there exist only two delineated age groups, the median household income is $53,370 for householders within the 45 to 64 years age group, compared to $28,712 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $12,181(29.57%), escalating from a median of $41,189 in 2011 to $53,370 in 2021.
- 2(1.09%) households where the householder is under 25 years old.
- 26(14.21%) households with a householder aged between 25 and 44 years.
- 81(44.26%) households with a householder aged between 45 and 64 years.
- 74(40.44%) households where the householder is over 65 years old.
Read more about Horseshoe Lake, AR median household income by age ➔
Gender
In Horseshoe Lake, the population consists of 188 males (48.96%) and 196 females (51.04%). Here are the primary highlights from the gender-based income distribution analysis:
- In Horseshoe Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $35,400 for males and $24,996 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,371 for males and $42,635 for females.
- In Horseshoe Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $35,400 for males and $24,996 for females.
- In Horseshoe Lake, among full-time, year-round workers aged 15 years and older, males earned a median income of $48,371, while females earned $42,635, resulting in a 12% gender pay gap among full-time workers. This illustrates that women earn 88 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the town of Horseshoe Lake.
Read more about Horseshoe Lake, AR income by gender ➔
Race
In Horseshoe Lake, the population is predominantly White, constituting 82.03% 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 $41,885.
- In Horseshoe Lake, White is both the largest group and the one with the highest median household income, which stands at $41,885.
- In Horseshoe Lake, the median household income for the households where the householder is White increased by $7,561(22.03%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $34,324 in 2011 and $41,885 in 2021.
- In Horseshoe Lake, the median household income for Black or African American households was $31,756 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
Read more about Horseshoe Lake, AR median household income by race ➔
Year by year
Horseshoe Lake, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Horseshoe Lake increased by $4,452 (10.92%), 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 2014 to 2015, when the median household income increased by 7,248 (from $31,025 to $38,273). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 4,801 (from $40,759 to $35,958).
- It then further increased to $128,358 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4511, it is evident that income distribution in Horseshoe Lake, AR exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $48,190. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $33,779.
Read more about Horseshoe Lake, AR median household income ➔