Age of householder
Per the latest American Community Survey by the Census Bureau, Point Hope sees its highest median household income among householders in the age group of 45 to 64 years old, at $79,717. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Point Hope, the median household income stands at $79,717 for householders within the 45 to 64 years age group, followed by $69,584 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 $51,682.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $21,620(21.33%), declining from a median of $101,337 in 2011 to $79,717 in 2021.
- 2(0.99%) households where the householder is under 25 years old.
- 85(41.87%) households with a householder aged between 25 and 44 years.
- 61(30.05%) households with a householder aged between 45 and 64 years.
- 55(27.09%) households where the householder is over 65 years old.
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Gender
In Point Hope, the population consists of 522 males (56.43%) and 403 females (43.57%). Here are the primary highlights from the gender-based income distribution analysis:
- In Point Hope, the median income for all workers aged 15 years and older, regardless of work hours, was $18,916 for males and $17,452 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,504 for males and $60,801 for females.
- In Point Hope, the median income for all workers aged 15 years and older, regardless of work hours, was $18,916 for males and $17,452 for females.
- In Point Hope, among full-time, year-round workers aged 15 years and older, males earned a median income of $63,504, while females earned $60,801, resulting in a 4% gender pay gap among full-time workers. This illustrates that women earn 96 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 city of Point Hope.
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Race
In Point Hope, the population is predominantly American Indian and Alaska Native, constituting 82.49% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for American Indian and Alaska Native households is $63,504.
- In Point Hope, despite the American Indian and Alaska Native 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 $120,702. This reveals that, while American Indian and Alaska Natives may be the most numerous in Point Hope, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Point Hope, the median household income for White households was $91,734 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- 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
Point Hope, AK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Point Hope decreased by $36,285 (35.01%), 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 2011 to 2012, when the median household income increased by 6,763 (from $99,703 to $106,466). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 15,782 (from $106,466 to $90,684).
- It then further increased to $123,968 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4254, it is evident that income distribution in Point Hope, AK exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $68,008. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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