Age of householder
Per the latest American Community Survey by the Census Bureau, Mutual sees its highest median household income among householders in the age group of 65 years and over old, at $49,317. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Mutual only reports a median household income of $49,317 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $17,036(52.77%), escalating from a median of $32,281 in 2011 to $49,317 in 2021.
- 4(15.38%) households where the householder is under 25 years old.
- 9(34.62%) households with a householder aged between 25 and 44 years.
- 6(23.08%) households with a householder aged between 45 and 64 years.
- 7(26.92%) households where the householder is over 65 years old.
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Race
In Mutual, the population is predominantly White, constituting 94.59% 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 $49,992.
- In Mutual, White is both the largest group and the one with the highest median household income, which stands at $49,992.
- In Mutual, the median household income for the households where the householder is White increased by $9,130(22.34%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,862 in 2011 and $49,992 in 2021.
- As per the U.S. Census Bureau population data, in Mutual, 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
Mutual, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mutual decreased by $13,762 (21.59%), 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 59,878 (from $75,258 to $135,136). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 59,830 (from $135,136 to $75,306).
- NA
- With a Gini coefficient of 0.4731, it is evident that income distribution in Mutual, OK exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $92,517.
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