Age of householder
Per the latest American Community Survey by the Census Bureau, Prince of Wales-Hyder Census Area sees its highest median household income among householders in the age group of 25 to 44 years old, at $81,068. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Prince of Wales-Hyder Census Area, householders within the 25 to 44 years age group have the highest median household income at $81,068, followed by those in the 45 to 64 years age group with an income of $66,110. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $51,937. Notably, householders within the under 25 years age group, had the lowest median household income at $43,974.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $20,258(33.31%), escalating from a median of $60,810 in 2011 to $81,068 in 2021.
- 74(3.20%) households where the householder is under 25 years old.
- 528(22.86%) households with a householder aged between 25 and 44 years.
- 1,020(44.16%) households with a householder aged between 45 and 64 years.
- 688(29.78%) households where the householder is over 65 years old.
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Gender
In Prince of Wales-Hyder Census Area, the population consists of 3,240 males (55.05%) and 2,646 females (44.95%). Here are the primary highlights from the gender-based income distribution analysis:
- In Prince of Wales-Hyder Census Area, the median income for all workers aged 15 years and older, regardless of work hours, was $35,086 for males and $23,302 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $64,067 for males and $52,995 for females.
- In Prince of Wales-Hyder Census Area, the median income for all workers aged 15 years and older, regardless of work hours, was $35,086 for males and $23,302 for females.
- In Prince of Wales-Hyder Census Area, among full-time, year-round workers aged 15 years and older, males earned a median income of $64,067, while females earned $52,995, leading to a 17% gender pay gap among full-time workers. This illustrates that women earn 83 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Prince of Wales-Hyder Census Area, the population is predominantly White, constituting 46.18% 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 $62,531.
- In Prince of Wales-Hyder Census Area, White is both the largest group and the one with the highest median household income, which stands at $62,531.
- In Prince of Wales-Hyder Census Area, the median household income for the households where the householder is White decreased by $2,712(4.16%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,243 in 2011 and $62,531 in 2021.
- 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
Prince of Wales-Hyder Census Area, AK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Prince of Wales-Hyder Census Area decreased by $1,323 (2.14%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 3,348 (from $60,114 to $63,462). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 3,211 (from $63,353 to $60,142).
- It then further increased to $100,998 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4322, it is evident that income distribution in Prince of Wales-Hyder Census Area, AK exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $76,520. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $42,814.
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