Age of householder
Per the latest American Community Survey by the Census Bureau, Lacy-Lakeview sees its highest median household income among householders in the age group of 45 to 64 years old, at $53,595. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Lacy-Lakeview, householders within the 45 to 64 years age group have the highest median household income at $53,595, followed by those in the 25 to 44 years age group with an income of $39,547. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $38,012. Notably, householders within the under 25 years age group, had the lowest median household income at $34,859.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $22,447(180.85%), escalating from a median of $12,412 in 2011 to $34,859 in 2021.
- 312(10.36%) households where the householder is under 25 years old.
- 1,142(37.93%) households with a householder aged between 25 and 44 years.
- 917(30.45%) households with a householder aged between 45 and 64 years.
- 640(21.26%) households where the householder is over 65 years old.
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Gender
In Lacy-Lakeview, the population consists of 3,334 males (47.85%) and 3,634 females (52.15%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lacy-Lakeview, the median income for all workers aged 15 years and older, regardless of work hours, was $38,221 for males and $27,729 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,836 for males and $35,337 for females.
- In Lacy-Lakeview, the median income for all workers aged 15 years and older, regardless of work hours, was $38,221 for males and $27,729 for females.
- In Lacy-Lakeview, among full-time, year-round workers aged 15 years and older, males earned a median income of $47,836, while females earned $35,337, leading to a 26% gender pay gap among full-time workers. This illustrates that women earn 74 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 Lacy-Lakeview, the population is predominantly White, constituting 60.52% 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 $47,586.
- In Lacy-Lakeview, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $87,487. This reveals that, while Whites may be the most numerous in Lacy-Lakeview, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Lacy-Lakeview, the median household income for the households where the householder is White increased by $4,652(10.84%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $42,934 in 2011 and $47,586 in 2021.
- In Lacy-Lakeview, the median household income for the households where the householder is Black or African American decreased by $21,343(35.96%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $59,359 in 2011 and $38,016 in 2021.
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Year by year
Lacy-Lakeview, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lacy-Lakeview decreased by $3,522 (7.67%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 1,410 (from $45,931 to $47,341). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 2,057 (from $46,611 to $44,554).
- It then further increased to $59,257 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.457, it is evident that income distribution in Lacy-Lakeview, TX exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $60,003. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $31,870.
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