Age of householder
Per the latest American Community Survey by the Census Bureau, Loreauville sees its highest median household income among householders in the age group of 45 to 64 years old, at $100,069. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Loreauville, the median household income stands at $100,069 for householders within the 45 to 64 years age group, followed by $44,317 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 $20,605.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $45,722(84.13%), escalating from a median of $54,347 in 2011 to $100,069 in 2021.
- 13(4.55%) households where the householder is under 25 years old.
- 66(23.08%) households with a householder aged between 25 and 44 years.
- 128(44.76%) households with a householder aged between 45 and 64 years.
- 79(27.62%) households where the householder is over 65 years old.
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Gender
In Loreauville, the population consists of 467 males (54.68%) and 387 females (45.32%). Here are the primary highlights from the gender-based income distribution analysis:
- In Loreauville, while the Census reported a median income of $18,265 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 $67,895 for males and $30,996 for females.
- In Loreauville, while the Census reported a median income of $18,265 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 Loreauville, among full-time, year-round workers aged 15 years and older, males earned a median income of $67,895, while females earned $30,996, leading to a 54% gender pay gap among full-time workers. This illustrates that women earn 46 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Loreauville, the population is predominantly White, constituting 53.98% 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 Loreauville, 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 Black or African American households actually reports the highest median household income, with a median income of $20,163. This reveals that, while Whites may be the most numerous in Loreauville, Black or African American households experience greater economic prosperity in terms of median household income.
- In Loreauville, the median household income for White households was $64,562 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- In Loreauville, the median household income for the households where the householder is Black or African American increased by $8,994(80.53%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $11,169 in 2011 and $20,163 in 2021.
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Year by year
Loreauville, LA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Loreauville decreased by $33,274 (51.71%), 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 2012 to 2013, when the median household income increased by 6,805 (from $44,294 to $51,099). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 24,305 (from $64,350 to $40,045).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.5923, it is evident that income distribution in Loreauville, LA exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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