Age of householder
Per the latest American Community Survey by the Census Bureau, Sand Point sees its highest median household income among householders in the age group of 45 to 64 years old, at $100,885. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Sand Point, the median household income stands at $100,885 for householders within the 45 to 64 years age group, followed by $93,229 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $76,243.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $6,602(7.62%), escalating from a median of $86,627 in 2011 to $93,229 in 2021.
- 4(1.01%) households where the householder is under 25 years old.
- 98(24.69%) households with a householder aged between 25 and 44 years.
- 200(50.38%) households with a householder aged between 45 and 64 years.
- 95(23.93%) households where the householder is over 65 years old.
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Gender
In Sand Point, the population consists of 644 males (55.33%) and 520 females (44.67%). Here are the primary highlights from the gender-based income distribution analysis:
- In Sand Point, the median income for all workers aged 15 years and older, regardless of work hours, was $36,889 for males and $25,672 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $53,595 for males and $70,259 for females.
- In Sand Point, the median income for all workers aged 15 years and older, regardless of work hours, was $36,889 for males and $25,672 for females.
- In Sand Point, among full-time, year-round workers aged 15 years and older, males earned a median income of $53,595, while females earned $70,259
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Race
In Sand Point, the population is predominantly American Indian and Alaska Native, constituting 42.61% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for American Indian and Alaska Native households is $53,370.
- In Sand Point, despite the American Indian and Alaska Native population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $167,853. This reveals that, while American Indian and Alaska Natives may be the most numerous in Sand Point, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Sand Point, the median household income for the households where the householder is White increased by $37,516(37.50%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $100,030 in 2011 and $137,546 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Sand Point, AK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Sand Point decreased by $4,273 (4.97%), 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 2019 to 2020, when the median household income increased by 19,756 (from $77,505 to $97,261). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 19,530 (from $88,950 to $69,420).
- It then further increased to $183,079 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4287, it is evident that income distribution in Sand Point, AK exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $116,649. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $35,805.
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