Age of householder
Per the latest American Community Survey by the Census Bureau, Magdalena sees its highest median household income among householders in the age group of 65 years and over old, at $28,814. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Magdalena only reports a median household income of $28,814 among householders in 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 $20,369(41.41%), declining from a median of $49,183 in 2011 to $28,814 in 2021.
- 0 households where the householder is under 25 years old.
- 13(3.58%) households with a householder aged between 25 and 44 years.
- 210(57.85%) households with a householder aged between 45 and 64 years.
- 140(38.57%) households where the householder is over 65 years old.
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Gender
In Magdalena, the population consists of 418 males (51.29%) and 397 females (48.71%). Here are the primary highlights from the gender-based income distribution analysis:
- In Magdalena, the median income for all workers aged 15 years and older, regardless of work hours, was $28,104 for males and $29,415 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $28,867 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Magdalena, the median income for all workers aged 15 years and older, regardless of work hours, was $28,104 for males and $29,415 for females.
- In Magdalena, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $28,867 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Magdalena, the population is predominantly White, constituting 73.74% 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 Magdalena, 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 $9,701. This reveals that, while Whites may be the most numerous in Magdalena, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Magdalena, the median household income for White households was $42,905 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- As per the U.S. Census Bureau population data, in Magdalena, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Magdalena, NM median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Magdalena decreased by $10,471 (27.08%), 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 2018 to 2019, when the median household income increased by 11,259 (from $34,260 to $45,519). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 15,302 (from $45,519 to $30,217).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.6088, it is evident that income distribution in Magdalena, NM exihibits characterstics of high inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $31,527.
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