Age of householder
Per the latest American Community Survey by the Census Bureau, Gaylesville sees its highest median household income among householders in the age group of 65 years and over old, at $50,443. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Gaylesville only reports a median household income of $50,443 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $21,840(76.36%), escalating from a median of $28,603 in 2011 to $50,443 in 2021.
- 1(1.22%) households where the householder is under 25 years old.
- 16(19.51%) households with a householder aged between 25 and 44 years.
- 43(52.44%) households with a householder aged between 45 and 64 years.
- 22(26.83%) households where the householder is over 65 years old.
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Gender
In Gaylesville, the population consists of 150 males (52.08%) and 138 females (47.92%). Here are the primary highlights from the gender-based income distribution analysis:
- In Gaylesville, the median income for all workers aged 15 years and older, regardless of work hours, was $36,616 for males and $13,029 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $38,732 for males and $28,374 for females.
- In Gaylesville, the median income for all workers aged 15 years and older, regardless of work hours, was $36,616 for males and $13,029 for females.
- In Gaylesville, among full-time, year-round workers aged 15 years and older, males earned a median income of $38,732, while females earned $28,374, leading to a 27% gender pay gap among full-time workers. This illustrates that women earn 73 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 Gaylesville, the population is predominantly White, constituting 85.07% 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 $51,118.
- In Gaylesville, White is both the largest group and the one with the highest median household income, which stands at $51,118.
- In Gaylesville, the median household income for the households where the householder is White decreased by $20,941(29.06%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $72,059 in 2011 and $51,118 in 2021.
- As per the U.S. Census Bureau population data, in Gaylesville, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Gaylesville, AL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Gaylesville decreased by $15,224 (23.51%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 26,732 (from $34,028 to $60,760). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 32,165 (from $74,049 to $41,884).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4588, it is evident that income distribution in Gaylesville, AL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $52,019. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $49,429.
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