Age of householder
Per the latest American Community Survey by the Census Bureau, Watterson Park sees its highest median household income among householders in the age group of 25 to 44 years old, at $49,485. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Watterson Park, where there exist only two delineated age groups, the median household income is $49,485 for householders within the 25 to 44 years age group, compared to $25,672 for the 45 to 64 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $16,386(49.51%), escalating from a median of $33,099 in 2011 to $49,485 in 2021.
- 0 households where the householder is under 25 years old.
- 121(28.47%) households with a householder aged between 25 and 44 years.
- 220(51.76%) households with a householder aged between 45 and 64 years.
- 84(19.76%) households where the householder is over 65 years old.
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Gender
In Watterson Park, the population consists of 454 males (55.50%) and 364 females (44.50%). Here are the primary highlights from the gender-based income distribution analysis:
- In Watterson Park, the median income for all workers aged 15 years and older, regardless of work hours, was $35,637 for males and $22,632 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,518 for males and $50,668 for females.
- In Watterson Park, the median income for all workers aged 15 years and older, regardless of work hours, was $35,637 for males and $22,632 for females.
- In Watterson Park, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,518, while females earned $50,668
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Race
In Watterson Park, the population is predominantly White, constituting 61% 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 $26,880.
- In Watterson Park, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $44,081. This reveals that, while Whites may be the most numerous in Watterson Park, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Watterson Park, the median household income for the households where the householder is White decreased by $6,055(18.38%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $32,935 in 2011 and $26,880 in 2021.
- In Watterson Park, the median household income for the households where the householder is Black or African American decreased by $22,431(37.67%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $59,542 in 2011 and $37,111 in 2021.
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Year by year
Watterson Park, KY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Watterson Park increased by $965 (2.79%), 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 2020 to 2021, when the median household income increased by 9,100 (from $26,440 to $35,540). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 9,095 (from $35,535 to $26,440).
- It then further increased to $82,870 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4567, it is evident that income distribution in Watterson Park, KY exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $67,750. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $20,357.
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