Age of householder
Per the latest American Community Survey by the Census Bureau, New Roads sees its highest median household income among householders in the age group of 45 to 64 years old, at $54,625. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in New Roads, where there exist only two delineated age groups, the median household income is $54,625 for householders within the 45 to 64 years age group, compared to $46,302 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $19,181(54.12%), escalating from a median of $35,444 in 2011 to $54,625 in 2021.
- 102(5.90%) households where the householder is under 25 years old.
- 414(23.96%) households with a householder aged between 25 and 44 years.
- 598(34.61%) households with a householder aged between 45 and 64 years.
- 614(35.53%) households where the householder is over 65 years old.
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Gender
In New Roads, the population consists of 2,334 males (51.68%) and 2,182 females (48.32%). Here are the primary highlights from the gender-based income distribution analysis:
- In New Roads, the median income for all workers aged 15 years and older, regardless of work hours, was $39,933 for males and $24,584 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,678 for males and $42,244 for females.
- In New Roads, the median income for all workers aged 15 years and older, regardless of work hours, was $39,933 for males and $24,584 for females.
- In New Roads, among full-time, year-round workers aged 15 years and older, males earned a median income of $61,678, while females earned $42,244, leading to a 32% gender pay gap among full-time workers. This illustrates that women earn 68 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 New Roads, the population is predominantly Black or African American, constituting 56.95% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $28,457.
- In New Roads, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $85,797. This reveals that, while Black or African Americans may be the most numerous in New Roads, White households experience greater economic prosperity in terms of median household income.
- In New Roads, the median household income for the households where the householder is White increased by $8,650(11.21%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $77,147 in 2011 and $85,797 in 2021.
- In New Roads, the median household income for the households where the householder is Black or African American decreased by $5,417(15.99%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $33,874 in 2011 and $28,457 in 2021.
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Year by year
New Roads, LA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for New Roads increased by $294 (0.64%), 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 4,307 (from $42,057 to $46,364). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 6,535 (from $46,364 to $39,829).
- It then further increased to $138,155 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4965, it is evident that income distribution in New Roads, LA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $68,908. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $26,937.
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