Age of householder
Per the latest American Community Survey by the Census Bureau, Reed sees its highest median household income among householders in the age group of 45 to 64 years old, at $37,562. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Reed, where there exist only two delineated age groups, the median household income is $37,562 for householders within the 45 to 64 years age group, compared to $23,720 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $12,391(49.23%), escalating from a median of $25,171 in 2011 to $37,562 in 2021.
- 0 households where the householder is under 25 years old.
- 12(13.48%) households with a householder aged between 25 and 44 years.
- 35(39.33%) households with a householder aged between 45 and 64 years.
- 42(47.19%) households where the householder is over 65 years old.
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Gender
In Reed, the population consists of 65 males (47.79%) and 71 females (52.21%). Here are the primary highlights from the gender-based income distribution analysis:
- In Reed, the median income for all workers aged 15 years and older, regardless of work hours, was $20,774 for males and $14,380 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $25,131 for males and $41,885 for females.
- In Reed, the median income for all workers aged 15 years and older, regardless of work hours, was $20,774 for males and $14,380 for females.
- In Reed, among full-time, year-round workers aged 15 years and older, males earned a median income of $25,131, while females earned $41,885
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Race
In Reed, the population is predominantly Black or African American, constituting 98.53% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $25,419.
- In Reed, Black or African American is both the largest group and the one with the highest median household income, which stands at $25,419.
- As per the U.S. Census Bureau population data, in Reed, there are no households where the householder is White; thus, the median household income for the White population is not applicable.
- In Reed, the median household income for the households where the householder is Black or African American increased by $3,725(17.17%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $21,694 in 2011 and $25,419 in 2021.
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Year by year
Reed, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Reed increased by $1,356 (5.68%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 4,701 (from $16,988 to $21,689). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 4,750 (from $22,815 to $18,065).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3429, it is evident that income distribution in Reed, AR exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $25,672.
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