Age of householder
Per the latest American Community Survey by the Census Bureau, Stephens sees its highest median household income among householders in the age group of 45 to 64 years old, at $36,481. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Stephens, where there exist only two delineated age groups, the median household income is $36,481 for householders within the 45 to 64 years age group, compared to $33,328 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $211(0.63%), declining from a median of $33,539 in 2011 to $33,328 in 2021.
- 3(1.18%) households where the householder is under 25 years old.
- 46(18.11%) households with a householder aged between 25 and 44 years.
- 95(37.40%) households with a householder aged between 45 and 64 years.
- 110(43.31%) households where the householder is over 65 years old.
Read more about Stephens, AR median household income by age ➔
Gender
In Stephens, the population consists of 418 males (45.88%) and 493 females (54.12%). Here are the primary highlights from the gender-based income distribution analysis:
- In Stephens, the median income for all workers aged 15 years and older, regardless of work hours, was $27,535 for males and $16,960 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $51,807 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Stephens, the median income for all workers aged 15 years and older, regardless of work hours, was $27,535 for males and $16,960 for females.
- In Stephens, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $51,807 for females, while data for males was unavailable due to an insufficient number of sample observations.
Read more about Stephens, AR income by gender ➔
Race
In Stephens, the population is predominantly Black or African American, constituting 55.21% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $31,166.
- In Stephens, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $34,379. This reveals that, while Black or African Americans may be the most numerous in Stephens, White households experience greater economic prosperity in terms of median household income.
- In Stephens, the median household income for the households where the householder is White decreased by $14,042(29%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $48,421 in 2011 and $34,379 in 2021.
- In Stephens, the median household income for the households where the householder is Black or African American decreased by $4,026(11.44%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $35,192 in 2011 and $31,166 in 2021.
Read more about Stephens, AR median household income by race ➔
Year by year
Stephens, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Stephens decreased by $7,958 (19.14%), 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 2,290 (from $31,338 to $33,628). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 5,374 (from $40,728 to $35,354).
- It then further increased to $73,347 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.403, it is evident that income distribution in Stephens, AR exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $37,180. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $17,371.
Read more about Stephens, AR median household income ➔