All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Age of householder
Per the latest American Community Survey by the Census Bureau, Lake Annette sees its highest median household income among householders in the age group of 45 to 64 years old, at $46,839. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Lake Annette only reports a median household income of $46,839 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $1,891(4.21%), escalating from a median of $44,948 in 2011 to $46,839 in 2021.
- 0 households where the householder is under 25 years old.
- 10(17.24%) households with a householder aged between 25 and 44 years.
- 42(72.41%) households with a householder aged between 45 and 64 years.
- 6(10.34%) households where the householder is over 65 years old.
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Gender
In Lake Annette, the population consists of 55 males (58.51%) and 39 females (41.49%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lake Annette, the median income for all workers aged 15 years and older, regardless of work hours, was $21,167 for males and $40,264 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $44,588 for males and $60,261 for females.
- In Lake Annette, the median income for all workers aged 15 years and older, regardless of work hours, was $21,167 for males and $40,264 for females.
- In Lake Annette, among full-time, year-round workers aged 15 years and older, males earned a median income of $44,588, while females earned $60,261
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Race
In Lake Annette, the population is predominantly White, constituting 85.11% 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 $34,979.
- In Lake Annette, White is both the largest group and the one with the highest median household income, which stands at $34,979.
- In Lake Annette, the median household income for the households where the householder is White decreased by $8,334(19.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $43,313 in 2011 and $34,979 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Lake Annette, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lake Annette increased by $5,068 (12.26%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 10,170 (from $36,220 to $46,390). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 10,187 (from $46,407 to $36,220).
- It then further decreased to 34,979 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3483, it is evident that income distribution in Lake Annette, MO exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $200,467.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)