Age of householder
Per the latest American Community Survey by the Census Bureau, Thorne Bay sees its highest median household income among householders in the age group of 25 to 44 years old, at $76,227. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Thorne Bay, where there exist only two delineated age groups, the median household income is $76,227 for householders within the 25 to 44 years age group, compared to $52,019 for 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 $29,682(132.88%), escalating from a median of $22,337 in 2011 to $52,019 in 2021.
- 11(4.95%) households where the householder is under 25 years old.
- 23(10.36%) households with a householder aged between 25 and 44 years.
- 121(54.50%) households with a householder aged between 45 and 64 years.
- 67(30.18%) households where the householder is over 65 years old.
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Gender
In Thorne Bay, the population consists of 240 males (51.06%) and 230 females (48.94%). Here are the primary highlights from the gender-based income distribution analysis:
- In Thorne Bay, the median income for all workers aged 15 years and older, regardless of work hours, was $35,805 for males and $17,196 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,297 for males and $60,126 for females.
- In Thorne Bay, the median income for all workers aged 15 years and older, regardless of work hours, was $35,805 for males and $17,196 for females.
- In Thorne Bay, among full-time, year-round workers aged 15 years and older, males earned a median income of $56,297, while females earned $60,126
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Race
In Thorne Bay, the population is predominantly White, constituting 95.32% 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 $54,214.
- In Thorne Bay, White is both the largest group and the one with the highest median household income, which stands at $54,214.
- In Thorne Bay, the median household income for the households where the householder is White decreased by $12,618(18.88%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,832 in 2011 and $54,214 in 2021.
- As per the U.S. Census Bureau population data, in Thorne Bay, 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
Thorne Bay, AK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Thorne Bay decreased by $19,695 (26.87%), 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 2015 to 2016, when the median household income increased by 10,732 (from $66,147 to $76,879). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 15,377 (from $76,879 to $61,502).
- It then further increased to $53,370 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4274, it is evident that income distribution in Thorne Bay, AK exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $55,565. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $31,617.
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