Age of householder
Per the latest American Community Survey by the Census Bureau, Lake Arthur sees its highest median household income among householders in the age group of 45 to 64 years old, at $26,842. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Lake Arthur only reports a median household income of $26,842 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $67,256(71.47%), declining from a median of $94,098 in 2011 to $26,842 in 2021.
- 1(0.78%) households where the householder is under 25 years old.
- 31(24.03%) households with a householder aged between 25 and 44 years.
- 68(52.71%) households with a householder aged between 45 and 64 years.
- 29(22.48%) households where the householder is over 65 years old.
Read more about Lake Arthur, NM median household income by age ➔
Gender
In Lake Arthur, the population consists of 262 males (60.79%) and 169 females (39.21%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lake Arthur, the median income for all workers aged 15 years and older, regardless of work hours, was $15,798 for males and $12,385 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,214 for males and $73,412 for females.
- In Lake Arthur, the median income for all workers aged 15 years and older, regardless of work hours, was $15,798 for males and $12,385 for females.
- In Lake Arthur, among full-time, year-round workers aged 15 years and older, males earned a median income of $54,214, while females earned $73,412
Read more about Lake Arthur, NM income by gender ➔
Race
In Lake Arthur, the population is predominantly White, constituting 79.12% 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 not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
- In Lake Arthur, despite the White population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $62,828. This reveals that, while Whites may be the most numerous in Lake Arthur, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Lake Arthur, the median household income for White households was $66,196 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- As per the U.S. Census Bureau population data, in Lake Arthur, 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.
Read more about Lake Arthur, NM median household income by race ➔
Year by year
Lake Arthur, NM median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lake Arthur decreased by $18,565 (36.90%), 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 2010 to 2011, when the median household income increased by 18,331 (from $50,317 to $68,648). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 21,375 (from $57,665 to $36,290).
- It then further increased to $63,166 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5457, it is evident that income distribution in Lake Arthur, NM exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $64,083. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
Read more about Lake Arthur, NM median household income ➔