Age of householder
Per the latest American Community Survey by the Census Bureau, Northfork sees its highest median household income among householders in the age group of 65 years and over old, at $30,401. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Northfork only reports a median household income of $30,401 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 $4,976(19.57%), escalating from a median of $25,425 in 2011 to $30,401 in 2021.
- 0 households where the householder is under 25 years old.
- 18(18.56%) households with a householder aged between 25 and 44 years.
- 44(45.36%) households with a householder aged between 45 and 64 years.
- 35(36.08%) households where the householder is over 65 years old.
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Gender
In Northfork, the population consists of 143 males (38.96%) and 224 females (61.04%). Here are the primary highlights from the gender-based income distribution analysis:
- In Northfork, while the Census reported a median income of $14,052 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $37,044 for males and $36,030 for females.
- In Northfork, while the Census reported a median income of $14,052 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Northfork, among full-time, year-round workers aged 15 years and older, males earned a median income of $37,044, while females earned $36,030, resulting in a 3% gender pay gap among full-time workers. This illustrates that women earn 97 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 Northfork.
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Race
In Northfork, the population is predominantly White, constituting 65.94% 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 $43,777.
- In Northfork, White is both the largest group and the one with the highest median household income, which stands at $43,777.
- In Northfork, the median household income for the households where the householder is White increased by $21,183(93.75%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $22,594 in 2011 and $43,777 in 2021.
- In Northfork, the median household income for the households where the householder is Black or African American increased by $3,962(14.05%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $28,195 in 2011 and $32,157 in 2021.
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Year by year
Northfork, WV median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Northfork increased by $13,316 (60.73%), 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 2013 to 2014, when the median household income increased by 14,767 (from $22,530 to $37,297). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 10,331 (from $39,379 to $29,048).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4221, it is evident that income distribution in Northfork, WV exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $54,046.
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