Age of householder
Per the latest American Community Survey by the Census Bureau, Parrish sees its highest median household income among householders in the age group of 25 to 44 years old, at $54,398. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Parrish, where there exist only two delineated age groups, the median household income is $54,398 for householders within the 25 to 44 years age group, compared to $30,176 for the 45 to 64 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $4,595(9.23%), escalating from a median of $49,803 in 2011 to $54,398 in 2021.
- 14(3.17%) households where the householder is under 25 years old.
- 116(26.24%) households with a householder aged between 25 and 44 years.
- 208(47.06%) households with a householder aged between 45 and 64 years.
- 104(23.53%) households where the householder is over 65 years old.
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Gender
In Parrish, the population consists of 761 males (58.81%) and 533 females (41.19%). Here are the primary highlights from the gender-based income distribution analysis:
- In Parrish, the median income for all workers aged 15 years and older, regardless of work hours, was $21,741 for males and $15,119 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $30,716 for males and $36,674 for females.
- In Parrish, the median income for all workers aged 15 years and older, regardless of work hours, was $21,741 for males and $15,119 for females.
- In Parrish, among full-time, year-round workers aged 15 years and older, males earned a median income of $30,716, while females earned $36,674
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Race
In Parrish, the population is predominantly White, constituting 58.27% 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 $47,713.
- In Parrish, White is both the largest group and the one with the highest median household income, which stands at $47,713.
- In Parrish, the median household income for the households where the householder is White increased by $1,353(2.92%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $46,360 in 2011 and $47,713 in 2021.
- In Parrish, the median household income for Black or African American households was $28,276 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
Parrish, AL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Parrish increased by $2,790 (8.32%), 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 9,246 (from $33,522 to $42,768). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 6,807 (from $42,768 to $35,961).
- It then further increased to $62,538 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.486, it is evident that income distribution in Parrish, AL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $47,695. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $15,886.
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