Age of householder
Per the latest American Community Survey by the Census Bureau, Kennedale sees its highest median household income among householders in the age group of 45 to 64 years old, at $130,610. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Kennedale, where there exist only two delineated age groups, the median household income is $130,610 for householders within the 45 to 64 years age group, compared to $46,377 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 $18,097(16.08%), escalating from a median of $112,513 in 2011 to $130,610 in 2021.
- 32(1.07%) households where the householder is under 25 years old.
- 690(23%) households with a householder aged between 25 and 44 years.
- 1,560(52%) households with a householder aged between 45 and 64 years.
- 718(23.93%) households where the householder is over 65 years old.
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Gender
In Kennedale, the population consists of 4,252 males (50.97%) and 4,090 females (49.03%). Here are the primary highlights from the gender-based income distribution analysis:
- In Kennedale, the median income for all workers aged 15 years and older, regardless of work hours, was $57,951 for males and $29,038 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $67,843 for males and $65,513 for females.
- In Kennedale, the median income for all workers aged 15 years and older, regardless of work hours, was $57,951 for males and $29,038 for females.
- In Kennedale, among full-time, year-round workers aged 15 years and older, males earned a median income of $67,843, while females earned $65,513, resulting in a 3% gender pay gap among full-time workers. This illustrates that women earn 97 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 city of Kennedale.
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Race
In Kennedale, the population is predominantly White, constituting 71% 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 $109,289.
- In Kennedale, 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 $169,028. This reveals that, while Whites may be the most numerous in Kennedale, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Kennedale, the median household income for the households where the householder is White increased by $32,907(43.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $76,382 in 2011 and $109,289 in 2021.
- In Kennedale, the median household income for Black or African American households was $54,441 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Kennedale, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Kennedale increased by $41,703 (60.63%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 19,918 (from $90,570 to $110,488). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 3,459 (from $91,367 to $87,908).
- It then further increased to $130,481 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3946, it is evident that income distribution in Kennedale, TX exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $117,369. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $37,468.
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