Age of householder
Per the latest American Community Survey by the Census Bureau, Los Ranchos De Albuquerque sees its highest median household income among householders in the age group of 45 to 64 years old, at $75,182. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Los Ranchos De Albuquerque, where there exist only two delineated age groups, the median household income is $75,182 for householders within the 45 to 64 years age group, compared to $64,474 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $1,202(1.83%), declining from a median of $65,676 in 2011 to $64,474 in 2021.
- 0 households where the householder is under 25 years old.
- 519(20.69%) households with a householder aged between 25 and 44 years.
- 1,089(43.40%) households with a householder aged between 45 and 64 years.
- 901(35.91%) households where the householder is over 65 years old.
Read more about Los Ranchos De Albuquerque, NM median household income by age ➔
Gender
In Los Ranchos De Albuquerque, the population consists of 2,626 males (44.48%) and 3,278 females (55.52%). Here are the primary highlights from the gender-based income distribution analysis:
- In Los Ranchos De Albuquerque, the median income for all workers aged 15 years and older, regardless of work hours, was $57,895 for males and $28,855 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $90,256 for males and $65,321 for females.
- In Los Ranchos De Albuquerque, the median income for all workers aged 15 years and older, regardless of work hours, was $57,895 for males and $28,855 for females.
- In Los Ranchos De Albuquerque, among full-time, year-round workers aged 15 years and older, males earned a median income of $90,256, while females earned $65,321, leading to a 28% gender pay gap among full-time workers. This illustrates that women earn 72 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.
Read more about Los Ranchos De Albuquerque, NM income by gender ➔
Race
In Los Ranchos De Albuquerque, the population is predominantly White, constituting 61.67% 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 $87,585.
- In Los Ranchos De Albuquerque, White is both the largest group and the one with the highest median household income, which stands at $87,585.
- In Los Ranchos De Albuquerque, the median household income for the households where the householder is White increased by $19,234(28.14%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $68,351 in 2011 and $87,585 in 2021.
- In Los Ranchos De Albuquerque, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $35,610(2022 inflation-adjusted dollars), marking a significant change.
Read more about Los Ranchos De Albuquerque, NM median household income by race ➔
Year by year
Los Ranchos De Albuquerque, NM median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Los Ranchos De Albuquerque increased by $5,933 (9.33%), 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 2012 to 2013, when the median household income increased by 7,911 (from $71,782 to $79,693). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 7,900 (from $79,693 to $71,793).
- It then further increased to $114,268 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5533, it is evident that income distribution in Los Ranchos De Albuquerque, NM exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $83,532. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $34,719.
Read more about Los Ranchos De Albuquerque, NM median household income ➔