Age of householder
Per the latest American Community Survey by the Census Bureau, Redwater sees its highest median household income among householders in the age group of 25 to 44 years old, at $72,361. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Redwater only reports a median household income of $72,361 among householders in the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $11,559(19.01%), escalating from a median of $60,802 in 2011 to $72,361 in 2021.
- 3(0.79%) households where the householder is under 25 years old.
- 156(41.27%) households with a householder aged between 25 and 44 years.
- 128(33.86%) households with a householder aged between 45 and 64 years.
- 91(24.07%) households where the householder is over 65 years old.
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Gender
In Redwater, the population consists of 444 males (43.83%) and 569 females (56.17%). Here are the primary highlights from the gender-based income distribution analysis:
- In Redwater, the median income for all workers aged 15 years and older, regardless of work hours, was $45,372 for males and $28,810 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,099 for males and $38,592 for females.
- In Redwater, the median income for all workers aged 15 years and older, regardless of work hours, was $45,372 for males and $28,810 for females.
- In Redwater, among full-time, year-round workers aged 15 years and older, males earned a median income of $58,099, while females earned $38,592, leading to a 34% gender pay gap among full-time workers. This illustrates that women earn 66 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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Race
In Redwater, the population is predominantly White, constituting 91.81% 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 $48,040.
- In Redwater, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $89,514. This reveals that, while Whites may be the most numerous in Redwater, Black or African American households experience greater economic prosperity in terms of median household income.
- In Redwater, the median household income for the households where the householder is White decreased by $17,488(26.69%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,528 in 2011 and $48,040 in 2021.
- In Redwater, the median household income for the households where the householder is Black or African American increased by $28,548(46.83%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $60,966 in 2011 and $89,514 in 2021.
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Year by year
Redwater, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Redwater decreased by $7,855 (13.12%), 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 2010 to 2011, when the median household income increased by 3,325 (from $59,874 to $63,199). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 5,858 (from $65,000 to $59,142).
- It then further increased to $101,636 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4494, it is evident that income distribution in Redwater, TX exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $18,211.
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