Age of householder
Per the latest American Community Survey by the Census Bureau, La Bolt sees its highest median household income among householders in the age group of 25 to 44 years old, at $92,778. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in La Bolt, the median household income stands at $92,778 for householders within the 25 to 44 years age group, followed by $69,178 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $41,885.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $24,087(20.61%), declining from a median of $116,865 in 2011 to $92,778 in 2021.
- 3(8.82%) households where the householder is under 25 years old.
- 14(41.18%) households with a householder aged between 25 and 44 years.
- 12(35.29%) households with a householder aged between 45 and 64 years.
- 5(14.71%) households where the householder is over 65 years old.
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Gender
In La Bolt, the population consists of 37 males (52.86%) and 33 females (47.14%). Here are the primary highlights from the gender-based income distribution analysis:
- In La Bolt, while the Census reported a median income of $55,397 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $57,874 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In La Bolt, while the Census reported a median income of $55,397 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In La Bolt, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $57,874 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In La Bolt, the population is predominantly White, constituting 100% 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 $67,557.
- In La Bolt, White is both the largest group and the one with the highest median household income, which stands at $67,557.
- In La Bolt, the median household income for the households where the householder is White increased by $7,082(11.71%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $60,475 in 2011 and $67,557 in 2021.
- As per the U.S. Census Bureau population data, in La Bolt, 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
La Bolt, SD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for La Bolt increased by $16,959 (33.52%), 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 2010 to 2011, when the median household income increased by 42,567 (from $50,598 to $93,165). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 37,130 (from $93,165 to $56,035).
- It then further increased to $67,827 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2475, it is evident that income distribution in La Bolt, SD exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $22,294.
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