Age of householder
Per the latest American Community Survey by the Census Bureau, Ratliff City sees its highest median household income among householders in the age group of 25 to 44 years old, at $56,072. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Ratliff City, where there exist only two delineated age groups, the median household income is $56,072 for householders within the 25 to 44 years age group, compared to $39,183 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $16,825(23.08%), declining from a median of $72,897 in 2011 to $56,072 in 2021.
- 0 households where the householder is under 25 years old.
- 7(28%) households with a householder aged between 25 and 44 years.
- 3(12%) households with a householder aged between 45 and 64 years.
- 15(60%) households where the householder is over 65 years old.
Read more about Ratliff City, OK median household income by age ➔
Gender
In Ratliff City, the population consists of 94 males (81.03%) and 22 females (18.97%). Here are the primary highlights from the gender-based income distribution analysis:
- In Ratliff City, while the Census reported a median income of $165,824 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $166,036 for males and $49,317 for females.
- In Ratliff City, while the Census reported a median income of $165,824 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Ratliff City, among full-time, year-round workers aged 15 years and older, males earned a median income of $166,036, while females earned $49,317, leading to a 70% gender pay gap among full-time workers. This illustrates that women earn 30 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.
Read more about Ratliff City, OK income by gender ➔
Race
In Ratliff City, the population is predominantly White, constituting 95.69% 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 $41,885.
- In Ratliff City, White is both the largest group and the one with the highest median household income, which stands at $41,885.
- In Ratliff City, the median household income for the households where the householder is White decreased by $19,817(32.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $61,702 in 2011 and $41,885 in 2021.
- In Ratliff City, the median household income for Black or African American households was $24,926 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
Read more about Ratliff City, OK median household income by race ➔
Year by year
Ratliff City, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Ratliff City decreased by $18,288 (30.85%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2014 to 2015, when the median household income increased by 7,665 (from $44,987 to $52,652). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 9,424 (from $54,411 to $44,987).
- It then further decreased to 39,183 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4502, it is evident that income distribution in Ratliff City, OK exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $53,595.
Read more about Ratliff City, OK median household income ➔