Age of householder
Per the latest American Community Survey by the Census Bureau, Lake Aluma sees its highest median household income among householders in the age group of 45 to 64 years old, at $270,229. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Lake Aluma, where there exist only two delineated age groups, the median household income is $270,229 for householders within the 45 to 64 years age group, compared to $263,472 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $116,370(79.11%), escalating from a median of $147,102 in 2011 to $263,472 in 2021.
- 0 households where the householder is under 25 years old.
- 2(8.33%) households with a householder aged between 25 and 44 years.
- 6(25%) households with a householder aged between 45 and 64 years.
- 16(66.67%) households where the householder is over 65 years old.
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Gender
In Lake Aluma, the population consists of 35 males (55.56%) and 28 females (44.44%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lake Aluma, while the Census reported a median income of $101,336 for all female workers aged 15 years and older, data for males 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, the Census reported a median income of $270,229 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Lake Aluma, while the Census reported a median income of $101,336 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Lake Aluma, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $270,229 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Lake Aluma, the population is predominantly White, constituting 95.24% 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 $270,229.
- In Lake Aluma, White is both the largest group and the one with the highest median household income, which stands at $270,229.
- In Lake Aluma, the median household income for the households where the householder is White increased by $58,293(27.51%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $211,936 in 2011 and $270,229 in 2021.
- As per the U.S. Census Bureau population data, in Lake Aluma, 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
Lake Aluma, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lake Aluma decreased by $69,796 (20.69%), 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 2015 to 2016, when the median household income increased by 37,334 (from $213,396 to $250,730). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 49,543 (from $262,939 to $213,396).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4696, it is evident that income distribution in Lake Aluma, OK exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,406.
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