Age of householder
Per the latest American Community Survey by the Census Bureau, Little River-Academy sees its highest median household income among householders in the age group of 45 to 64 years old, at $89,716. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Little River-Academy, the median household income stands at $89,716 for householders within the 45 to 64 years age group, followed by $74,042 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $42,696.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $15,961(21.64%), escalating from a median of $73,755 in 2011 to $89,716 in 2021.
- 0 households where the householder is under 25 years old.
- 328(42.16%) households with a householder aged between 25 and 44 years.
- 282(36.25%) households with a householder aged between 45 and 64 years.
- 168(21.59%) households where the householder is over 65 years old.
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Gender
In Little River-Academy, the population consists of 1,186 males (52.90%) and 1,056 females (47.10%). Here are the primary highlights from the gender-based income distribution analysis:
- In Little River-Academy, the median income for all workers aged 15 years and older, regardless of work hours, was $41,678 for males and $34,784 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,904 for males and $45,850 for females.
- In Little River-Academy, the median income for all workers aged 15 years and older, regardless of work hours, was $41,678 for males and $34,784 for females.
- In Little River-Academy, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,904, while females earned $45,850, resulting in a 2% gender pay gap among full-time workers. This illustrates that women earn 98 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 Little River-Academy.
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Race
In Little River-Academy, the population is predominantly White, constituting 77.07% 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 $72,021.
- In Little River-Academy, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $85,460. This reveals that, while Whites may be the most numerous in Little River-Academy, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Little River-Academy, the median household income for the households where the householder is White increased by $2,943(4.26%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $69,078 in 2011 and $72,021 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
Little River-Academy, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Little River-Academy decreased by $1,583 (2.14%), 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 2017 to 2018, when the median household income increased by 9,792 (from $57,703 to $67,495). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 5,617 (from $70,540 to $64,923).
- It then further increased to $86,136 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3257, it is evident that income distribution in Little River-Academy, TX exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $84,462. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,435.
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