Age of householder
Per the latest American Community Survey by the Census Bureau, Krotz Springs sees its highest median household income among householders in the age group of 25 to 44 years old, at $25,537. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Krotz Springs only reports a median household income of $25,537 among householders in the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $4,573(21.81%), escalating from a median of $20,964 in 2011 to $25,537 in 2021.
- 10(2.97%) households where the householder is under 25 years old.
- 115(34.12%) households with a householder aged between 25 and 44 years.
- 141(41.84%) households with a householder aged between 45 and 64 years.
- 71(21.07%) households where the householder is over 65 years old.
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Gender
In Krotz Springs, the population consists of 390 males (47.39%) and 433 females (52.61%). Here are the primary highlights from the gender-based income distribution analysis:
- In Krotz Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $25,807 for males and $24,378 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $89,467 for males and $37,832 for females.
- In Krotz Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $25,807 for males and $24,378 for females.
- In Krotz Springs, among full-time, year-round workers aged 15 years and older, males earned a median income of $89,467, while females earned $37,832, leading to a 58% gender pay gap among full-time workers. This illustrates that women earn 42 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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Year by year
Krotz Springs, LA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Krotz Springs decreased by $6,511 (17.32%), 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 2018 to 2019, when the median household income increased by 6,359 (from $19,332 to $25,691). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 10,782 (from $37,587 to $26,805).
- NA
- With a Gini coefficient of 0.5971, it is evident that income distribution in Krotz Springs, LA exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $51,073.
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