Overview
          562
                  Total Population
                57.3
                  Median age
                51.42%
                  Female population %
                94.5:100
                  Gender ratio (M:F)
                65-69 years
                  Largest age group
                65.3
                  Total dependency ratio
                White
                  Largest racial group
                Zero
                  Hispanic population
                Sources: U.S. Census Bureau, American Community Survey (ACS) 2021
TABLE OF CONTENTS
Age
Shoals's population is old compared to the rest of the country:
- The median age in Shoals is 57.3, compared to 38.8 nationwide, according to the American Community Survey 2017 - 2021 5 Year estimates.
 - Shoals's population under 18 was 4.98%, compared to the 22.51% nationwide.
 - Shoals's elderly or the senior population (over 65 age) was 35.05% as compared to 16.04% nationwide.
 - Of the total population in Shoals, 4.45% were under the age of 15, 9.79% aged 15 to 29, 50.71% aged 30 to 64, 27.05% aged 65 to 84, and 8.01% were 85 years of age and older.
 
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Gender
There are 16 more females than males in Shoals:
- The female percentage in the USA is 50.50% while the male percentage is 49.50%, compared to 51.42% females and 48.58% males in Shoals, IN.
 - The Shoals, IN gender ratio is 94.5:100 i.e. 94.5 men to 100 women (0.945).
 - For male population, the largest age group is 35-39 years with a population of 62.
 - For the female population, the largest age group is 65-69 years with a population of 63.
 
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Race / Ethnicity
Shoals's population is not that diverse:
- Racial distribution of Shoals population: 96.62% are White and 3.38% are Black or African American.
 - Shoals's racial breakdown clearly shows that there is an absolute majority of White population in the town.
 - By ethnicity, Zero is Hispanic or Latino (of any race), and 562 (100% of the total population) is Non-Hispanic.
 - The largest racial group in Shoals is White with a population of 543 (96.62% of the total population).
 
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Year by year
Shoals's population has already reached its peak and is showing a trend of decline:
- The peak population was 824 in the year 2000
 - From 2000 to 2010, Shoals's population decreased by 19 (2.31%), as compared to the national growth of 9.63%.
 - From 2010 to 2020, Shoals's population decreased by 129 (16.02%), according to Census Bureau's Population Estimates Program. For the same period, the rate of growth for the United States was 7.17%.
 - Between the year 2000 and 2022, Shoals's population was lowest in year 2021 at 675.
 
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
 - U.S. Census Bureau Population Estimates Population Estimates Program (PEP)