Age of householder
Per the latest American Community Survey by the Census Bureau, Valley Springs sees its highest median household income among householders in the age group of 25 to 44 years old, at $70,935. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Valley Springs, where there exist only two delineated age groups, the median household income is $70,935 for householders within the 25 to 44 years age group, compared to $44,588 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $16,237(18.63%), declining from a median of $87,172 in 2011 to $70,935 in 2021.
- 2(2.25%) households where the householder is under 25 years old.
- 26(29.21%) households with a householder aged between 25 and 44 years.
- 39(43.82%) households with a householder aged between 45 and 64 years.
- 22(24.72%) households where the householder is over 65 years old.
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Gender
In Valley Springs, the population consists of 136 males (50.75%) and 132 females (49.25%). Here are the primary highlights from the gender-based income distribution analysis:
- In Valley Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $30,176 for males and $24,514 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,371 for males and $33,155 for females.
- In Valley Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $30,176 for males and $24,514 for females.
- In Valley Springs, among full-time, year-round workers aged 15 years and older, males earned a median income of $48,371, while females earned $33,155, leading to a 31% gender pay gap among full-time workers. This illustrates that women earn 69 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.
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Race
In Valley Springs, the population is predominantly White, constituting 99.25% 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 $65,846.
- In Valley Springs, White is both the largest group and the one with the highest median household income, which stands at $65,846.
- In Valley Springs, the median household income for the households where the householder is White decreased by $33,857(33.96%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $99,703 in 2011 and $65,846 in 2021.
- As per the U.S. Census Bureau population data, in Valley Springs, 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
Valley Springs, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Valley Springs increased by $16,653 (33.73%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 41,954 (from $49,372 to $91,326). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 45,737 (from $102,513 to $56,776).
- It then further increased to $71,273 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3794, it is evident that income distribution in Valley Springs, AR exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $54,376.
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