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
TABLE OF CONTENTS
Age of householder
Per the latest American Community Survey by the Census Bureau, Van Alstyne sees its highest median household income among householders in the age group of 25 to 44 years old, at $89,514. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Van Alstyne, where there exist only two delineated age groups, the median household income is $89,514 for householders within the 25 to 44 years age group, compared to $86,991 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 $49,101(129.59%), escalating from a median of $37,890 in 2011 to $86,991 in 2021.
- 0 households where the householder is under 25 years old.
- 532(35.42%) households with a householder aged between 25 and 44 years.
- 332(22.10%) households with a householder aged between 45 and 64 years.
- 638(42.48%) households where the householder is over 65 years old.
Read more about Van Alstyne, TX median household income by age ➔
Gender
In Van Alstyne, the population consists of 1,921 males (43.80%) and 2,465 females (56.20%). Here are the primary highlights from the gender-based income distribution analysis:
- In Van Alstyne, the median income for all workers aged 15 years and older, regardless of work hours, was $47,965 for males and $32,624 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,043 for males and $45,714 for females.
- In Van Alstyne, the median income for all workers aged 15 years and older, regardless of work hours, was $47,965 for males and $32,624 for females.
- In Van Alstyne, among full-time, year-round workers aged 15 years and older, males earned a median income of $61,043, while females earned $45,714, leading to a 25% gender pay gap among full-time workers. This illustrates that women earn 75 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.
Read more about Van Alstyne, TX income by gender ➔
Race
In Van Alstyne, the population is predominantly White, constituting 75.03% 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 $80,583.
- In Van Alstyne, White is both the largest group and the one with the highest median household income, which stands at $80,583.
- In Van Alstyne, the median household income for the households where the householder is White increased by $15,096(23.05%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,487 in 2011 and $80,583 in 2021.
- In Van Alstyne, the median household income for Black or African American households was $262,723 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
Read more about Van Alstyne, TX median household income by race ➔
Year by year
Van Alstyne, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Van Alstyne increased by $11,355 (16.15%), 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 10,899 (from $61,973 to $72,872). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 5,980 (from $64,383 to $58,403).
- It then further increased to $114,036 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3548, it is evident that income distribution in Van Alstyne, TX exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $91,979. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $44,487.
Read more about Van Alstyne, TX median household income ➔
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)