Age of householder
Per the latest American Community Survey by the Census Bureau, Lake Bridgeport sees its highest median household income among householders in the age group of 25 to 44 years old, at $104,938. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Lake Bridgeport, the median household income stands at $104,938 for householders within the 25 to 44 years age group, followed by $80,168 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 $58,099.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $38,252(57.36%), escalating from a median of $66,686 in 2011 to $104,938 in 2021.
- 13(11.02%) households where the householder is under 25 years old.
- 23(19.49%) households with a householder aged between 25 and 44 years.
- 52(44.07%) households with a householder aged between 45 and 64 years.
- 30(25.42%) households where the householder is over 65 years old.
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Gender
In Lake Bridgeport, the population consists of 143 males (52.00%) and 132 females (48.00%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lake Bridgeport, while the Census reported a median income of $29,243 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 median income was $62,152 for males and $58,999 for females.
- In Lake Bridgeport, while the Census reported a median income of $29,243 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 Bridgeport, among full-time, year-round workers aged 15 years and older, males earned a median income of $62,152, while females earned $58,999, resulting in a 5% gender pay gap among full-time workers. This illustrates that women earn 95 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the city of Lake Bridgeport.
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Race
In Lake Bridgeport, the population is predominantly White, constituting 93.82% 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 $73,712.
- In Lake Bridgeport, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $90,526. This reveals that, while Whites may be the most numerous in Lake Bridgeport, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Lake Bridgeport, the median household income for the households where the householder is White increased by $6,862(10.26%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,850 in 2011 and $73,712 in 2021.
- As per the U.S. Census Bureau population data, in Lake Bridgeport, 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 Bridgeport, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lake Bridgeport increased by $4,711 (6.81%), 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 2019 to 2020, when the median household income increased by 13,392 (from $58,846 to $72,238). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 6,944 (from $65,297 to $58,353).
- It then further increased to $104,038 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5997, it is evident that income distribution in Lake Bridgeport, TX exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $94,580.
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