Age of householder
Per the latest American Community Survey by the Census Bureau, West Fork sees its highest median household income among householders in the age group of 45 to 64 years old, at $90,040. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in West Fork, the median household income stands at $90,040 for householders within the 45 to 64 years age group, followed by $71,881 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $39,971.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $24,081(36.51%), escalating from a median of $65,959 in 2011 to $90,040 in 2021.
- 57(4.82%) households where the householder is under 25 years old.
- 372(31.45%) households with a householder aged between 25 and 44 years.
- 406(34.32%) households with a householder aged between 45 and 64 years.
- 348(29.42%) households where the householder is over 65 years old.
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Gender
In West Fork, the population consists of 1,633 males (50.64%) and 1,592 females (49.36%). Here are the primary highlights from the gender-based income distribution analysis:
- In West Fork, the median income for all workers aged 15 years and older, regardless of work hours, was $39,873 for males and $37,362 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,518 for males and $55,290 for females.
- In West Fork, the median income for all workers aged 15 years and older, regardless of work hours, was $39,873 for males and $37,362 for females.
- In West Fork, among full-time, year-round workers aged 15 years and older, males earned a median income of $50,518, while females earned $55,290
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Race
In West Fork, the population is predominantly White, constituting 90.91% 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 $68,591.
- In West Fork, White is both the largest group and the one with the highest median household income, which stands at $68,591.
- In West Fork, the median household income for the households where the householder is White increased by $9,341(15.77%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $59,250 in 2011 and $68,591 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
West Fork, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for West Fork increased by $14,752 (27.40%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 5,049 (from $57,966 to $63,015). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 2,124 (from $55,927 to $53,803).
- It then further increased to $91,781 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3891, it is evident that income distribution in West Fork, AR exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $77,772. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $38,283.
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