Age of householder
Per the latest American Community Survey by the Census Bureau, Temple sees its highest median household income among householders in the age group of 65 years and over old, at $28,914. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Temple only reports a median household income of $28,914 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 $3,391(13.29%), escalating from a median of $25,523 in 2011 to $28,914 in 2021.
- 2(0.60%) households where the householder is under 25 years old.
- 48(14.37%) households with a householder aged between 25 and 44 years.
- 142(42.51%) households with a householder aged between 45 and 64 years.
- 142(42.51%) households where the householder is over 65 years old.
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Gender
In Temple, the population consists of 401 males (49.38%) and 411 females (50.62%). Here are the primary highlights from the gender-based income distribution analysis:
- In Temple, the median income for all workers aged 15 years and older, regardless of work hours, was $27,833 for males and $22,583 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $36,481 for males and $29,050 for females.
- In Temple, the median income for all workers aged 15 years and older, regardless of work hours, was $27,833 for males and $22,583 for females.
- In Temple, among full-time, year-round workers aged 15 years and older, males earned a median income of $36,481, while females earned $29,050, leading to a 20% gender pay gap among full-time workers. This illustrates that women earn 80 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Temple, the population is predominantly White, constituting 83.99% 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 $28,924.
- In Temple, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $29,050. This reveals that, while Whites may be the most numerous in Temple, Black or African American households experience greater economic prosperity in terms of median household income.
- In Temple, the median household income for the households where the householder is White decreased by $13,899(32.46%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $42,823 in 2011 and $28,924 in 2021.
- In Temple, the median household income for the households where the householder is Black or African American increased by $8,891(44.10%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $20,159 in 2011 and $29,050 in 2021.
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Year by year
Temple, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Temple decreased by $11,383 (28.12%), 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 2016 to 2017, when the median household income increased by 7,187 (from $41,715 to $48,902). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 10,053 (from $41,144 to $31,091).
- It then further increased to $65,395 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3889, it is evident that income distribution in Temple, OK exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $0. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $25,221.
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