Age of householder
Per the latest American Community Survey by the Census Bureau, Pauls Valley sees its highest median household income among householders in the age group of 45 to 64 years old, at $51,231. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Pauls Valley, householders within the 45 to 64 years age group have the highest median household income at $51,231, followed by those in the 65 years and over age group with an income of $44,730. Meanwhile householders within the 25 to 44 years age group report the second lowest median household income of $37,437. Notably, householders within the under 25 years age group, had the lowest median household income at $20,202.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $12,041(36.84%), escalating from a median of $32,689 in 2011 to $44,730 in 2021.
- 92(3.79%) households where the householder is under 25 years old.
- 780(32.11%) households with a householder aged between 25 and 44 years.
- 747(30.75%) households with a householder aged between 45 and 64 years.
- 810(33.35%) households where the householder is over 65 years old.
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Gender
In Pauls Valley, the population consists of 3,051 males (50.60%) and 2,979 females (49.40%). Here are the primary highlights from the gender-based income distribution analysis:
- In Pauls Valley, the median income for all workers aged 15 years and older, regardless of work hours, was $44,290 for males and $22,087 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,286 for males and $36,155 for females.
- In Pauls Valley, the median income for all workers aged 15 years and older, regardless of work hours, was $44,290 for males and $22,087 for females.
- In Pauls Valley, among full-time, year-round workers aged 15 years and older, males earned a median income of $55,286, while females earned $36,155, leading to a 35% gender pay gap among full-time workers. This illustrates that women earn 65 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Pauls Valley, the population is predominantly White, constituting 79.02% 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 $44,707.
- In Pauls Valley, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $71,160. This reveals that, while Whites may be the most numerous in Pauls Valley, Black or African American households experience greater economic prosperity in terms of median household income.
- In Pauls Valley, the median household income for the households where the householder is White decreased by $6,753(13.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $51,460 in 2011 and $44,707 in 2021.
- In Pauls Valley, the median household income for the households where the householder is Black or African American increased by $19,154(36.83%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,006 in 2011 and $71,160 in 2021.
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Year by year
Pauls Valley, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Pauls Valley decreased by $4,406 (9.04%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 2,109 (from $44,491 to $46,600). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 4,074 (from $46,959 to $42,885).
- It then further increased to $104,038 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4725, it is evident that income distribution in Pauls Valley, OK exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $55,107. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $33,640.
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