Age of householder
Per the latest American Community Survey by the Census Bureau, Latah sees its highest median household income among householders in the age group of 25 to 44 years old, at $119,351. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Latah only reports a median household income of $119,351 among householders in the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $74,754(167.62%), escalating from a median of $44,597 in 2011 to $119,351 in 2021.
- 6(9.52%) households where the householder is under 25 years old.
- 10(15.87%) households with a householder aged between 25 and 44 years.
- 32(50.79%) households with a householder aged between 45 and 64 years.
- 15(23.81%) households where the householder is over 65 years old.
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Gender
In Latah, the population consists of 102 males (56.67%) and 78 females (43.33%). Here are the primary highlights from the gender-based income distribution analysis:
- In Latah, the Census Bureau did not report the median income for all workers aged 15 years and older, regardless of work hours, for both males and females 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 $71,881 for males and $60,126 for females.
- In Latah, the Census Bureau did not report the median income for all workers aged 15 years and older, regardless of work hours, for both males and females due to an insufficient number of sample observations.
- In Latah, among full-time, year-round workers aged 15 years and older, males earned a median income of $71,881, while females earned $60,126, leading to a 16% gender pay gap among full-time workers. This illustrates that women earn 84 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 Latah, the population is predominantly White, constituting 91.11% 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 not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
- In Latah, 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 Two or More Races households actually reports the highest median household income, with a median income of $56,072. This reveals that, while Whites may be the most numerous in Latah, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Latah, the median household income for White households was $44,365 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- 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
Latah, WA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Latah increased by $10,977 (27.89%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 10,101 (from $53,338 to $63,439). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 15,281 (from $63,439 to $48,158).
- It then further decreased to 119,576 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4795, it is evident that income distribution in Latah, WA exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $34,370.
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