Age of householder
Per the latest American Community Survey by the Census Bureau, Pritchett sees its highest median household income among householders in the age group of 65 years and over old, at $30,536. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Pritchett only reports a median household income of $30,536 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $11,633(27.59%), declining from a median of $42,169 in 2011 to $30,536 in 2021.
- 0 households where the householder is under 25 years old.
- 15(39.47%) households with a householder aged between 25 and 44 years.
- 12(31.58%) households with a householder aged between 45 and 64 years.
- 11(28.95%) households where the householder is over 65 years old.
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Gender
In Pritchett, the population consists of 45 males (55.56%) and 36 females (44.44%). Here are the primary highlights from the gender-based income distribution analysis:
- In Pritchett, the median income for all workers aged 15 years and older, regardless of work hours, was $34,454 for males and $18,916 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,126 for males and $28,374 for females.
- In Pritchett, the median income for all workers aged 15 years and older, regardless of work hours, was $34,454 for males and $18,916 for females.
- In Pritchett, among full-time, year-round workers aged 15 years and older, males earned a median income of $60,126, while females earned $28,374, leading to a 53% gender pay gap among full-time workers. This illustrates that women earn 47 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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Year by year
Pritchett, CO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Pritchett decreased by $13,554 (27.09%), 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 2016 to 2017, when the median household income increased by 10,378 (from $48,006 to $58,384). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 21,851 (from $58,384 to $36,533).
- It then further increased to $44,588 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3888, it is evident that income distribution in Pritchett, CO exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $69,869.
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