Age of householder
Per the latest American Community Survey by the Census Bureau, Diamond City sees its highest median household income among householders in the age group of 25 to 44 years old, at $60,801. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Diamond City, the median household income stands at $60,801 for householders within the 25 to 44 years age group, followed by $39,966 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $28,176.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $18,305(43.07%), escalating from a median of $42,496 in 2011 to $60,801 in 2021.
- 5(1.19%) households where the householder is under 25 years old.
- 90(21.43%) households with a householder aged between 25 and 44 years.
- 146(34.76%) households with a householder aged between 45 and 64 years.
- 179(42.62%) households where the householder is over 65 years old.
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Gender
In Diamond City, the population consists of 407 males (44.48%) and 508 females (55.52%). Here are the primary highlights from the gender-based income distribution analysis:
- In Diamond City, the median income for all workers aged 15 years and older, regardless of work hours, was $23,420 for males and $17,114 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $38,604 for males and $38,701 for females.
- In Diamond City, the median income for all workers aged 15 years and older, regardless of work hours, was $23,420 for males and $17,114 for females.
- In Diamond City, for all full-time workers aged 15 years and older, the median income was equal at, $38,701 for both males and females. This indicates a gender income balance in Diamond City, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Diamond City, the population is predominantly White, constituting 94.32% 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 $35,130.
- In Diamond City, White is both the largest group and the one with the highest median household income, which stands at $35,130.
- In Diamond City, the median household income for the households where the householder is White decreased by $8,926(20.26%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $44,056 in 2011 and $35,130 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
Diamond City, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Diamond City decreased by $2,570 (6.82%), 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 2010 to 2011, when the median household income increased by 5,539 (from $37,700 to $43,239). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 6,462 (from $37,751 to $31,289).
- It then further increased to $66,881 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4009, it is evident that income distribution in Diamond City, AR exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $40,034. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $28,078.
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