Age of householder
Per the latest American Community Survey by the Census Bureau, Loachapoka sees its highest median household income among householders in the age group of 45 to 64 years old, at $162,812. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Loachapoka, the median household income stands at $162,812 for householders within the 45 to 64 years age group, followed by $62,152 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $38,846.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $98,796(154.33%), escalating from a median of $64,016 in 2011 to $162,812 in 2021.
- 0 households where the householder is under 25 years old.
- 44(50.57%) households with a householder aged between 25 and 44 years.
- 29(33.33%) households with a householder aged between 45 and 64 years.
- 14(16.09%) households where the householder is over 65 years old.
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Gender
In Loachapoka, the population consists of 107 males (51.69%) and 100 females (48.31%). Here are the primary highlights from the gender-based income distribution analysis:
- In Loachapoka, while the Census reported a median income of $24,321 for all male workers aged 15 years and older, data for females 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 Census reported a median income of $57,874 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Loachapoka, while the Census reported a median income of $24,321 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Loachapoka, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $57,874 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Loachapoka, the population is predominantly White, constituting 66.18% 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 $113,766.
- In Loachapoka, White is both the largest group and the one with the highest median household income, which stands at $113,766.
- In Loachapoka, the median household income for the households where the householder is White increased by $49,476(76.96%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $64,290 in 2011 and $113,766 in 2021.
- In Loachapoka, the median household income for the households where the householder is Black or African American decreased by $3,335(7.38%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $45,220 in 2011 and $41,885 in 2021.
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Year by year
Loachapoka, AL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Loachapoka decreased by $6,763 (13.62%), 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 2010 to 2011, when the median household income increased by 12,720 (from $49,662 to $62,382). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 20,274 (from $63,173 to $42,899).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4247, it is evident that income distribution in Loachapoka, AL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $0. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $39,183.
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