Age of householder
Per the latest American Community Survey by the Census Bureau, Powers Lake sees its highest median household income among householders in the age group of 25 to 44 years old, at $98,633. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Powers Lake only reports a median household income of $98,633 among householders in the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $9,242(8.57%), declining from a median of $107,875 in 2011 to $98,633 in 2021.
- 0 households where the householder is under 25 years old.
- 44(38.26%) households with a householder aged between 25 and 44 years.
- 33(28.70%) households with a householder aged between 45 and 64 years.
- 38(33.04%) households where the householder is over 65 years old.
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Gender
In Powers Lake, the population consists of 147 males (50.34%) and 145 females (49.66%). Here are the primary highlights from the gender-based income distribution analysis:
- In Powers Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $70,066 for males and $30,094 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $82,870 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Powers Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $70,066 for males and $30,094 for females.
- In Powers Lake, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $82,870 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Powers Lake, the population is predominantly White, constituting 93.84% 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 $120,027.
- In Powers Lake, White is both the largest group and the one with the highest median household income, which stands at $120,027.
- In Powers Lake, the median household income for the households where the householder is White increased by $80,146(200.96%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $39,881 in 2011 and $120,027 in 2021.
- As per the U.S. Census Bureau population data, in Powers Lake, 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
Powers Lake, ND median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Powers Lake increased by $42,381 (79.14%), 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 2020 to 2021, when the median household income increased by 23,693 (from $72,238 to $95,931). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 13,669 (from $53,550 to $39,881).
- It then further increased to $128,358 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4824, it is evident that income distribution in Powers Lake, ND exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $39,318.
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