Age of householder
Per the latest American Community Survey by the Census Bureau, Roy sees its highest median household income among householders in the age group of 25 to 44 years old, at $270,229. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Roy, the median household income stands at $270,229 for householders within the 25 to 44 years age group, followed by $38,701 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $23,308.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $223,237(475.05%), escalating from a median of $46,992 in 2011 to $270,229 in 2021.
- 1(0.99%) households where the householder is under 25 years old.
- 22(21.78%) households with a householder aged between 25 and 44 years.
- 39(38.61%) households with a householder aged between 45 and 64 years.
- 39(38.61%) households where the householder is over 65 years old.
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Gender
In Roy, the population consists of 109 males (40.07%) and 163 females (59.93%). Here are the primary highlights from the gender-based income distribution analysis:
- In Roy, while the Census reported a median income of $27,023 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 Census reported a median income of $68,800 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Roy, while the Census reported a median income of $27,023 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 Roy, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $68,800 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Roy, the population is predominantly some other race, constituting 62.13% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for some other race households is not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
- In Roy, despite the some other race population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that White households actually reports the highest median household income, with a median income of $25,672. This reveals that, while some other races may be the most numerous in Roy, White households experience greater economic prosperity in terms of median household income.
- In Roy, the median household income for the households where the householder is White decreased by $4,916(16.07%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $30,588 in 2011 and $25,672 in 2021.
- As per the U.S. Census Bureau population data, in Roy, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Roy, NM median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Roy decreased by $8,400 (18%), 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 2020 to 2021, when the median household income increased by 7,809 (from $30,453 to $38,262). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 13,646 (from $46,662 to $33,016).
- It then further decreased to 22,969 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.7463, it is evident that income distribution in Roy, NM exihibits characterstics of high inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $15,231.
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