Age of householder
Per the latest American Community Survey by the Census Bureau, Star Valley sees its highest median household income among householders in the age group of 65 years and over old, at $41,730. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Star Valley only reports a median household income of $41,730 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $9,913(31.16%), escalating from a median of $31,817 in 2011 to $41,730 in 2021.
- 0 households where the householder is under 25 years old.
- 0 households with a householder aged between 25 and 44 years.
- 567(41.45%) households with a householder aged between 45 and 64 years.
- 801(58.55%) households where the householder is over 65 years old.
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Gender
In Star Valley, the population consists of 1,355 males (54.77%) and 1,119 females (45.23%). Here are the primary highlights from the gender-based income distribution analysis:
- In Star Valley, the median income for all workers aged 15 years and older, regardless of work hours, was $38,591 for males and $22,388 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,876 for males and $24,009 for females.
- In Star Valley, the median income for all workers aged 15 years and older, regardless of work hours, was $38,591 for males and $22,388 for females.
- In Star Valley, among full-time, year-round workers aged 15 years and older, males earned a median income of $61,876, while females earned $24,009, leading to a 61% gender pay gap among full-time workers. This illustrates that women earn 39 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Star Valley, the population is predominantly White, constituting 93.13% 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 $53,775.
- In Star Valley, White is both the largest group and the one with the highest median household income, which stands at $53,775.
- In Star Valley, the median household income for the households where the householder is White increased by $10,176(23.34%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $43,599 in 2011 and $53,775 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
Star Valley, AZ median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Star Valley increased by $4,639 (9.69%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 17,121 (from $35,411 to $52,532). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 8,571 (from $43,599 to $35,028).
- It then further increased to $74,285 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5621, it is evident that income distribution in Star Valley, AZ exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $30,401.
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