Age of householder
Per the latest American Community Survey by the Census Bureau, White Lake sees its highest median household income among householders in the age group of 45 to 64 years old, at $78,929. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in White Lake, the median household income stands at $78,929 for householders within the 45 to 64 years age group, followed by $72,455 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 $44,202.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $24,412(50.81%), escalating from a median of $48,043 in 2011 to $72,455 in 2021.
- 0 households where the householder is under 25 years old.
- 41(10.54%) households with a householder aged between 25 and 44 years.
- 111(28.53%) households with a householder aged between 45 and 64 years.
- 237(60.93%) households where the householder is over 65 years old.
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Gender
In White Lake, the population consists of 519 males (59.59%) and 352 females (40.41%). Here are the primary highlights from the gender-based income distribution analysis:
- In White Lake, while the Census reported a median income of $32,766 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,459 for males and $48,341 for females.
- In White Lake, while the Census reported a median income of $32,766 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In White Lake, among full-time, year-round workers aged 15 years and older, males earned a median income of $57,459, while females earned $48,341, leading to a 16% gender pay gap among full-time workers. This illustrates that women earn 84 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.
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Race
In White Lake, the population is predominantly White, constituting 93.46% 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 $61,538.
- In White Lake, White is both the largest group and the one with the highest median household income, which stands at $61,538.
- In White Lake, the median household income for the households where the householder is White decreased by $16,917(21.56%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $78,455 in 2011 and $61,538 in 2021.
- In White Lake, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $59,225(2022 inflation-adjusted dollars), marking a significant change.
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Year by year
White Lake, NC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for White Lake decreased by $20,643 (25.27%), 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 2016 to 2017, when the median household income increased by 3,921 (from $57,332 to $61,253). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 15,984 (from $81,690 to $65,706).
- It then further increased to $233,747 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4987, it is evident that income distribution in White Lake, NC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $80,197. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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