Age of householder
Per the latest American Community Survey by the Census Bureau, Riverside sees its highest median household income among householders in the age group of 45 to 64 years old, at $72,113. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Riverside, where there exist only two delineated age groups, the median household income is $72,113 for householders within the 45 to 64 years age group, compared to $61,767 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 $24,713(52.14%), escalating from a median of $47,400 in 2011 to $72,113 in 2021.
- 5(1.71%) households where the householder is under 25 years old.
- 74(25.34%) households with a householder aged between 25 and 44 years.
- 163(55.82%) households with a householder aged between 45 and 64 years.
- 50(17.12%) households where the householder is over 65 years old.
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Gender
In Riverside, the population consists of 332 males (51.96%) and 307 females (48.04%). Here are the primary highlights from the gender-based income distribution analysis:
- In Riverside, while the Census reported a median income of $53,794 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 $79,116 for males and $95,565 for females.
- In Riverside, while the Census reported a median income of $53,794 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 Riverside, among full-time, year-round workers aged 15 years and older, males earned a median income of $79,116, while females earned $95,565
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Race
In Riverside, the population is predominantly White, constituting 76.37% 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 $70,435.
- In Riverside, White is both the largest group and the one with the highest median household income, which stands at $70,435.
- In Riverside, the median household income for the households where the householder is White increased by $1,787(2.60%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $68,648 in 2011 and $70,435 in 2021.
- In Riverside, the median household income for Black or African American households was $17,673 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Riverside, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Riverside increased by $26,595 (66.81%), 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 18,660 (from $39,804 to $58,464). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 5,839 (from $63,602 to $57,763).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3589, it is evident that income distribution in Riverside, TX exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $70,348. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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