Age of householder
Per the latest American Community Survey by the Census Bureau, Old River-Winfree sees its highest median household income among householders in the age group of 45 to 64 years old, at $118,163. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Old River-Winfree, where there exist only two delineated age groups, the median household income is $118,163 for householders within the 45 to 64 years age group, compared to $41,435 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 $45,633(62.92%), escalating from a median of $72,530 in 2011 to $118,163 in 2021.
- 0 households where the householder is under 25 years old.
- 79(15.64%) households with a householder aged between 25 and 44 years.
- 258(51.09%) households with a householder aged between 45 and 64 years.
- 168(33.27%) households where the householder is over 65 years old.
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Gender
In Old River-Winfree, the population consists of 950 males (52.90%) and 846 females (47.10%). Here are the primary highlights from the gender-based income distribution analysis:
- In Old River-Winfree, the median income for all workers aged 15 years and older, regardless of work hours, was $42,831 for males and $26,663 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,880 for males and $41,435 for females.
- In Old River-Winfree, the median income for all workers aged 15 years and older, regardless of work hours, was $42,831 for males and $26,663 for females.
- In Old River-Winfree, among full-time, year-round workers aged 15 years and older, males earned a median income of $52,880, while females earned $41,435, leading to a 22% gender pay gap among full-time workers. This illustrates that women earn 78 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Old River-Winfree, the population is predominantly White, constituting 83.41% 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 $93,388.
- In Old River-Winfree, White is both the largest group and the one with the highest median household income, which stands at $93,388.
- In Old River-Winfree, the median household income for the households where the householder is White increased by $5,859(6.69%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $87,529 in 2011 and $93,388 in 2021.
- In Old River-Winfree, the median household income for Black or African American households was $98,374 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Old River-Winfree, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Old River-Winfree increased by $12,886 (16.79%), 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 2019 to 2020, when the median household income increased by 30,345 (from $62,195 to $92,540). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 18,990 (from $75,107 to $56,117).
- It then further increased to $128,514 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4396, it is evident that income distribution in Old River-Winfree, TX exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,578.
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