Age of householder
Per the latest American Community Survey by the Census Bureau, Watson sees its highest median household income among householders in the age group of 65 years and over old, at $27,811. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Watson only reports a median household income of $27,811 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $2,019(6.77%), declining from a median of $29,830 in 2011 to $27,811 in 2021.
- 0 households where the householder is under 25 years old.
- 6(6.45%) households with a householder aged between 25 and 44 years.
- 38(40.86%) households with a householder aged between 45 and 64 years.
- 49(52.69%) households where the householder is over 65 years old.
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Gender
In Watson, the population consists of 85 males (47.75%) and 93 females (52.25%). Here are the primary highlights from the gender-based income distribution analysis:
- In Watson, the median income for all workers aged 15 years and older, regardless of work hours, was $20,267 for males and $13,511 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $34,229 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Watson, the median income for all workers aged 15 years and older, regardless of work hours, was $20,267 for males and $13,511 for females.
- In Watson, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $34,229 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Watson, the population is predominantly White, constituting 79.78% 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 $33,779.
- In Watson, White is both the largest group and the one with the highest median household income, which stands at $33,779.
- In Watson, the median household income for the households where the householder is White increased by $3,132(10.22%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $30,647 in 2011 and $33,779 in 2021.
- In Watson, the median household income for the households where the householder is Black or African American increased by $139(0.93%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $14,892 in 2011 and $15,031 in 2021.
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Year by year
Watson, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Watson decreased by $1,984 (6.42%), 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 2018 to 2019, when the median household income increased by 12,671 (from $25,005 to $37,676). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 10,832 (from $38,527 to $27,695).
- It then further increased to $61,882 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4984, it is evident that income distribution in Watson, AR exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $25,180.
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