Age of householder
Per the latest American Community Survey by the Census Bureau, Southwest City sees its highest median household income among householders in the age group of 25 to 44 years old, at $62,828. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Southwest City, the median household income stands at $62,828 for householders within the 25 to 44 years age group, followed by $57,829 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 $17,903.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $37,533(148.38%), escalating from a median of $25,295 in 2011 to $62,828 in 2021.
- 5(1.72%) households where the householder is under 25 years old.
- 138(47.59%) households with a householder aged between 25 and 44 years.
- 100(34.48%) households with a householder aged between 45 and 64 years.
- 47(16.21%) households where the householder is over 65 years old.
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Gender
In Southwest City, the population consists of 484 males (50.31%) and 478 females (49.69%). Here are the primary highlights from the gender-based income distribution analysis:
- In Southwest City, the median income for all workers aged 15 years and older, regardless of work hours, was $29,395 for males and $29,660 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $31,311 for males and $31,817 for females.
- In Southwest City, the median income for all workers aged 15 years and older, regardless of work hours, was $29,395 for males and $29,660 for females.
- In Southwest City, among full-time, year-round workers aged 15 years and older, males earned a median income of $31,311, while females earned $31,817
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Race
In Southwest City, the population is predominantly White, constituting 71.41% 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 $41,762.
- In Southwest City, despite the White 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 $270,229. This reveals that, while Whites may be the most numerous in Southwest City, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Southwest City, the median household income for the households where the householder is White increased by $666(1.62%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $41,096 in 2011 and $41,762 in 2021.
- As per the U.S. Census Bureau population data, in Southwest City, 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
Southwest City, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Southwest City increased by $15,621 (41.23%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 11,230 (from $42,275 to $53,505). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 5,089 (from $47,364 to $42,275).
- It then further increased to $65,305 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5452, it is evident that income distribution in Southwest City, MO exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $47,869.
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