Age of householder
Per the latest American Community Survey by the Census Bureau, Pinetop-Lakeside sees its highest median household income among householders in the age group of 45 to 64 years old, at $83,825. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Pinetop-Lakeside, the median household income stands at $83,825 for householders within the 45 to 64 years age group, followed by $55,470 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $50,516.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $1,700(2.07%), escalating from a median of $82,125 in 2011 to $83,825 in 2021.
- 16(0.91%) households where the householder is under 25 years old.
- 300(17.09%) households with a householder aged between 25 and 44 years.
- 631(35.95%) households with a householder aged between 45 and 64 years.
- 808(46.04%) households where the householder is over 65 years old.
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Gender
In Pinetop-Lakeside, the population consists of 1,982 males (48.95%) and 2,067 females (51.05%). Here are the primary highlights from the gender-based income distribution analysis:
- In Pinetop-Lakeside, the median income for all workers aged 15 years and older, regardless of work hours, was $44,394 for males and $17,890 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $45,939 for males and $45,419 for females.
- In Pinetop-Lakeside, the median income for all workers aged 15 years and older, regardless of work hours, was $44,394 for males and $17,890 for females.
- In Pinetop-Lakeside, among full-time, year-round workers aged 15 years and older, males earned a median income of $45,939, while females earned $45,419, resulting in a 1% gender pay gap among full-time workers. This illustrates that women earn 99 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the town of Pinetop-Lakeside.
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Race
In Pinetop-Lakeside, the population is predominantly White, constituting 88.96% 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 $57,784.
- In Pinetop-Lakeside, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $82,805. This reveals that, while Whites may be the most numerous in Pinetop-Lakeside, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Pinetop-Lakeside, the median household income for the households where the householder is White decreased by $24,792(30.02%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $82,576 in 2011 and $57,784 in 2021.
- As per the U.S. Census Bureau population data, in Pinetop-Lakeside, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Pinetop-Lakeside, AZ median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Pinetop-Lakeside decreased by $6,186 (9.73%), 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 2012 to 2013, when the median household income increased by 10,878 (from $68,156 to $79,034). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 8,229 (from $64,358 to $56,129).
- It then further increased to $97,043 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4397, it is evident that income distribution in Pinetop-Lakeside, AZ exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $76,305. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $49,150.
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