Age of householder
Per the latest American Community Survey by the Census Bureau, Westworth Village sees its highest median household income among householders in the age group of 45 to 64 years old, at $77,015. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Westworth Village, the median household income stands at $77,015 for householders within the 45 to 64 years age group, followed by $75,050 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 $52,244.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $9,068(13.74%), escalating from a median of $65,982 in 2011 to $75,050 in 2021.
- 83(7.65%) households where the householder is under 25 years old.
- 437(40.28%) households with a householder aged between 25 and 44 years.
- 257(23.69%) households with a householder aged between 45 and 64 years.
- 308(28.39%) households where the householder is over 65 years old.
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Gender
In Westworth Village, the population consists of 1,391 males (53.71%) and 1,199 females (46.29%). Here are the primary highlights from the gender-based income distribution analysis:
- In Westworth Village, the median income for all workers aged 15 years and older, regardless of work hours, was $54,118 for males and $35,029 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,312 for males and $62,292 for females.
- In Westworth Village, the median income for all workers aged 15 years and older, regardless of work hours, was $54,118 for males and $35,029 for females.
- In Westworth Village, among full-time, year-round workers aged 15 years and older, males earned a median income of $56,312, while females earned $62,292
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Race
In Westworth Village, the population is predominantly White, constituting 76.87% 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 $68,410.
- In Westworth Village, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $73,985. This reveals that, while Whites may be the most numerous in Westworth Village, Black or African American households experience greater economic prosperity in terms of median household income.
- In Westworth Village, the median household income for the households where the householder is White increased by $4,424(6.91%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,986 in 2011 and $68,410 in 2021.
- In Westworth Village, the median household income for the households where the householder is Black or African American decreased by $5,637(7.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $79,622 in 2011 and $73,985 in 2021.
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Year by year
Westworth Village, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Westworth Village increased by $6,310 (10.27%), 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 2013 to 2014, when the median household income increased by 5,811 (from $60,607 to $66,418). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 3,324 (from $69,154 to $65,830).
- It then further decreased to 33,929 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4422, it is evident that income distribution in Westworth Village, TX exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $73,618. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $57,403.
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