Age of householder
Per the latest American Community Survey by the Census Bureau, Mckenzie sees its highest median household income among householders in the age group of 65 years and over old, at $18,475. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Mckenzie only reports a median household income of $18,475 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 $2,773(13.05%), declining from a median of $21,248 in 2011 to $18,475 in 2021.
- 5(1.64%) households where the householder is under 25 years old.
- 80(26.23%) households with a householder aged between 25 and 44 years.
- 91(29.84%) households with a householder aged between 45 and 64 years.
- 129(42.30%) households where the householder is over 65 years old.
Read more about Mckenzie, AL median household income by age ➔
Gender
In Mckenzie, the population consists of 491 males (53.54%) and 426 females (46.46%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mckenzie, the median income for all workers aged 15 years and older, regardless of work hours, was $30,245 for males and $18,465 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $33,585 for males and $32,813 for females.
- In Mckenzie, the median income for all workers aged 15 years and older, regardless of work hours, was $30,245 for males and $18,465 for females.
- In Mckenzie, among full-time, year-round workers aged 15 years and older, males earned a median income of $33,585, while females earned $32,813, 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 town of Mckenzie.
Read more about Mckenzie, AL income by gender ➔
Race
In Mckenzie, the population is predominantly White, constituting 58.02% 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 $28,374.
- In Mckenzie, White is both the largest group and the one with the highest median household income, which stands at $28,374.
- In Mckenzie, the median household income for the households where the householder is White increased by $6,309(28.59%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $22,065 in 2011 and $28,374 in 2021.
- In Mckenzie, the median household income for Black or African American households was $44,131 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
Read more about Mckenzie, AL median household income by race ➔
Year by year
Mckenzie, AL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mckenzie increased by $1,845 (7.09%), 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 2017 to 2018, when the median household income increased by 12,760 (from $19,877 to $32,637). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 14,776 (from $34,653 to $19,877).
- It then further increased to $24,050 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4829, it is evident that income distribution in Mckenzie, AL exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $20,512.
Read more about Mckenzie, AL median household income ➔