Age of householder
Per the latest American Community Survey by the Census Bureau, Orchard sees its highest median household income among householders in the age group of 45 to 64 years old, at $82,644. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Orchard only reports a median household income of $82,644 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $17,919(27.68%), escalating from a median of $64,725 in 2011 to $82,644 in 2021.
- 0 households where the householder is under 25 years old.
- 30(32.26%) households with a householder aged between 25 and 44 years.
- 29(31.18%) households with a householder aged between 45 and 64 years.
- 34(36.56%) households where the householder is over 65 years old.
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Gender
In Orchard, the population consists of 90 males (41.10%) and 129 females (58.90%). Here are the primary highlights from the gender-based income distribution analysis:
- In Orchard, the median income for all workers aged 15 years and older, regardless of work hours, was $45,095 for males and $22,699 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $31,752 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Orchard, the median income for all workers aged 15 years and older, regardless of work hours, was $45,095 for males and $22,699 for females.
- In Orchard, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $31,752 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Orchard, the population is predominantly White, constituting 65.75% 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 $57,288.
- In Orchard, White is both the largest group and the one with the highest median household income, which stands at $57,288.
- In Orchard, the median household income for the households where the householder is White decreased by $7,764(11.94%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,052 in 2011 and $57,288 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Orchard, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Orchard decreased by $31,907 (40.57%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 10,896 (from $46,739 to $57,635). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 15,239 (from $78,656 to $63,417).
- It then further decreased to 40,223 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4141, it is evident that income distribution in Orchard, TX exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $46,772.
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