Talladega Springs, AL Income

The inflation-adjusted median household income in Talladega Springs was $47,290, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$47,290
Median household income
0.4177
Gini coefficient
25 to 44 years ($69,246)
Highest median income age group
$NA
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

Age of householder

Per the latest American Community Survey by the Census Bureau, Talladega Springs sees its highest median household income among householders in the age group of 25 to 44 years old, at $69,246. Here are the key highlights for income distribution by age:

  • In terms of income distribution across age cohorts, Talladega Springs only reports a median household income of $69,246 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 $14,929(17.74%), declining from a median of $84,175 in 2011 to $69,246 in 2021.
  • 2(2.82%) households where the householder is under 25 years old.
  • 19(26.76%) households with a householder aged between 25 and 44 years.
  • 34(47.89%) households with a householder aged between 45 and 64 years.
  • 16(22.54%) households where the householder is over 65 years old.
The bar chart shows Talladega Springs, AL median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
Talladega Springs, AL median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Talladega Springs, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Talladega Springs, AL median household income by age ➔

Gender

In Talladega Springs, the population consists of 82 males (49.70%) and 83 females (50.30%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Talladega Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $37,832 for males and $25,092 for females.
  • However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,072 for males and $56,072 for females.
  • In Talladega Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $37,832 for males and $25,092 for females.
  • In Talladega Springs, for all full-time workers aged 15 years and older, the median income was equal at, $56,072 for both males and females. This indicates a gender income balance in Talladega Springs, where both men and women, in full-time year-round roles, earn an equal income.
Line chart showing the annual median income trends in Talladega Springs, AL for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Talladega Springs, AL gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Talladega Springs, AL income by gender ➔

Race

In Talladega Springs, the population is predominantly White, constituting 87.27% 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 $54,721.
  • In Talladega Springs, White is both the largest group and the one with the highest median household income, which stands at $54,721.
  • In Talladega Springs, the median household income for the households where the householder is White decreased by $13,110(19.33%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $67,831 in 2011 and $54,721 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.
The bar chart shows Talladega Springs, AL median household income across all racial categories identified by the U.S. Census Bureau.
Talladega Springs, AL median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Talladega Springs, AL median household income by race ➔

Year by year

Talladega Springs, AL median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Talladega Springs decreased by $15,114 (24.22%), 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 2011 to 2012, when the median household income increased by 8,651 (from $66,196 to $74,847). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 19,648 (from $74,847 to $55,199).
  • It then further increased to $93,229 for 4-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.4177, it is evident that income distribution in Talladega Springs, AL exihibits characterstics of moderate inequality .
  • NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $32,427.
The line chart shows Talladega Springs, AL median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Talladega Springs, AL median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Talladega Springs, AL median household income ➔

References

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Talladega Springs, AL Demographics

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Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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