Age of householder
Per the latest American Community Survey by the Census Bureau, Park Hills sees its highest median household income among householders in the age group of 25 to 44 years old, at $102,109. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Park Hills, householders within the 25 to 44 years age group have the highest median household income at $102,109, followed by those in the 45 to 64 years age group with an income of $84,334. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $52,623. Notably, householders within the under 25 years age group, had the lowest median household income at $28,866.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $13,887(15.74%), escalating from a median of $88,222 in 2011 to $102,109 in 2021.
- 192(13.82%) households where the householder is under 25 years old.
- 604(43.48%) households with a householder aged between 25 and 44 years.
- 291(20.95%) households with a householder aged between 45 and 64 years.
- 302(21.74%) households where the householder is over 65 years old.
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Gender
In Park Hills, the population consists of 1,472 males (46.66%) and 1,683 females (53.34%). Here are the primary highlights from the gender-based income distribution analysis:
- In Park Hills, the median income for all workers aged 15 years and older, regardless of work hours, was $55,586 for males and $33,248 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,667 for males and $67,756 for females.
- In Park Hills, the median income for all workers aged 15 years and older, regardless of work hours, was $55,586 for males and $33,248 for females.
- In Park Hills, among full-time, year-round workers aged 15 years and older, males earned a median income of $59,667, while females earned $67,756
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Race
In Park Hills, the population is predominantly White, constituting 83.52% 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 $82,926.
- In Park Hills, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $111,028. This reveals that, while Whites may be the most numerous in Park Hills, Asian households experience greater economic prosperity in terms of median household income.
- In Park Hills, the median household income for the households where the householder is White decreased by $4,441(5.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $87,367 in 2011 and $82,926 in 2021.
- In Park Hills, the median household income for Black or African American households was $17,287 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
Park Hills, KY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Park Hills decreased by $1,597 (1.90%), 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 13,694 (from $57,411 to $71,105). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 10,511 (from $84,967 to $74,456).
- It then further increased to $233,747 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4679, it is evident that income distribution in Park Hills, KY exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $100,564. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $71,684.
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