Age of householder
Per the latest American Community Survey by the Census Bureau, Sherrill sees its highest median household income among householders in the age group of 25 to 44 years old, at $20,440. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Sherrill only reports a median household income of $20,440 among householders in the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $39,281(65.77%), declining from a median of $59,721 in 2011 to $20,440 in 2021.
- 0 households where the householder is under 25 years old.
- 53(60.23%) households with a householder aged between 25 and 44 years.
- 9(10.23%) households with a householder aged between 45 and 64 years.
- 26(29.55%) households where the householder is over 65 years old.
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Gender
In Sherrill, the population consists of 131 males (50.97%) and 126 females (49.03%). Here are the primary highlights from the gender-based income distribution analysis:
- In Sherrill, the median income for all workers aged 15 years and older, regardless of work hours, was $20,238 for males and $17,420 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $20,354 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Sherrill, the median income for all workers aged 15 years and older, regardless of work hours, was $20,238 for males and $17,420 for females.
- In Sherrill, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $20,354 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Sherrill, the population is predominantly some other race, constituting 67.70% 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 Sherrill, 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 $17,749. This reveals that, while some other races may be the most numerous in Sherrill, White households experience greater economic prosperity in terms of median household income.
- In Sherrill, the median household income for the households where the householder is White decreased by $41,343(69.96%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $59,092 in 2011 and $17,749 in 2021.
- In Sherrill, the median household income for Black or African American households was $11,033 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
Sherrill, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Sherrill decreased by $20,975 (51.11%), 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 2015 to 2016, when the median household income increased by 11,856 (from $29,423 to $41,279). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 12,018 (from $41,441 to $29,423).
- NA
- With a Gini coefficient of 0.1684, it is evident that income distribution in Sherrill, AR exihibits characterstics of high equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $42,110.
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