Age of householder
Per the latest American Community Survey by the Census Bureau, Old Harbor sees its highest median household income among householders in the age group of under 25 years old, at $39,859. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Old Harbor, where there exist only two delineated age groups, the median household income is $39,859 for householders within the under 25 years age group, compared to $36,030 for the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $29,583(45.09%), declining from a median of $65,613 in 2011 to $36,030 in 2021.
- 16(20%) households where the householder is under 25 years old.
- 12(15%) households with a householder aged between 25 and 44 years.
- 34(42.50%) households with a householder aged between 45 and 64 years.
- 18(22.50%) households where the householder is over 65 years old.
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Gender
In Old Harbor, the population consists of 92 males (52.87%) and 82 females (47.13%). Here are the primary highlights from the gender-based income distribution analysis:
- In Old Harbor, the median income for all workers aged 15 years and older, regardless of work hours, was $16,214 for males and $12,529 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $72,286 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Old Harbor, the median income for all workers aged 15 years and older, regardless of work hours, was $16,214 for males and $12,529 for females.
- In Old Harbor, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $72,286 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Old Harbor, the population is predominantly American Indian and Alaska Native, constituting 63.22% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for American Indian and Alaska Native households is $35,580.
- In Old Harbor, despite the American Indian and Alaska Native population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $109,442. This reveals that, while American Indian and Alaska Natives may be the most numerous in Old Harbor, White households experience greater economic prosperity in terms of median household income.
- In Old Harbor, the median household income for the households where the householder is White increased by $42,896(64.46%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,546 in 2011 and $109,442 in 2021.
- As per the U.S. Census Bureau population data, in Old Harbor, 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
Old Harbor, AK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Old Harbor decreased by $8,044 (17.89%), 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 2010 to 2011, when the median household income increased by 20,637 (from $44,976 to $65,613). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 16,312 (from $68,042 to $51,730).
- It then further increased to $40,027 for 6-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 Old Harbor, AK exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $0. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $19,367.
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