Age of householder
Per the latest American Community Survey by the Census Bureau, Twisp sees its highest median household income among householders in the age group of 25 to 44 years old, at $76,790. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Twisp, where there exist only two delineated age groups, the median household income is $76,790 for householders within the 25 to 44 years age group, compared to $45,447 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 $18,919(71.32%), escalating from a median of $26,528 in 2011 to $45,447 in 2021.
- 4(0.72%) households where the householder is under 25 years old.
- 160(28.88%) households with a householder aged between 25 and 44 years.
- 218(39.35%) households with a householder aged between 45 and 64 years.
- 172(31.05%) households where the householder is over 65 years old.
Read more about Twisp, WA median household income by age ➔
Gender
In Twisp, the population consists of 559 males (46.16%) and 652 females (53.84%). Here are the primary highlights from the gender-based income distribution analysis:
- In Twisp, the median income for all workers aged 15 years and older, regardless of work hours, was $45,649 for males and $20,006 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $81,111 for males and $41,548 for females.
- In Twisp, the median income for all workers aged 15 years and older, regardless of work hours, was $45,649 for males and $20,006 for females.
- In Twisp, among full-time, year-round workers aged 15 years and older, males earned a median income of $81,111, while females earned $41,548, leading to a 49% gender pay gap among full-time workers. This illustrates that women earn 51 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.
Read more about Twisp, WA income by gender ➔
Race
In Twisp, the population is predominantly White, constituting 77.29% 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 $43,043.
- In Twisp, White is both the largest group and the one with the highest median household income, which stands at $43,043.
- In Twisp, the median household income for the households where the householder is White increased by $10,354(31.67%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $32,689 in 2011 and $43,043 in 2021.
- As per the U.S. Census Bureau population data, in Twisp, 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.
Read more about Twisp, WA median household income by race ➔
Year by year
Twisp, WA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Twisp increased by $29,618 (98.47%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, consistently increased year by year for all 12 years.
- The median household income has been consistently increasing over the last 12 years, and Twisp did not experience a single year with a decrease in median household income.
- It then further increased to $127,894 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4763, it is evident that income distribution in Twisp, WA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $69,335. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $40,583.
Read more about Twisp, WA median household income ➔