Watkins Average Income, Population and Demographics
Are you tired of spending 10+ hours searching for demographic and population data for Watkins, Missouri? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!
In this article, we'll explore most of the 190+ data points we have for Watkins, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.
The data on this page is from the 2021 American Community Survey (ACS) 5-Year survey from the US Census Bureau.
Median Household Income
According to the latest ACS 5-year survey in 2021, the median household income in Watkins is $47,313.00.
The chart below shows the average household income by age in Watkins.
25 to 44$35,577.00
45 to 64$62,143.00
65 and over$40,764.00
Average Household Income
A very commonly asked question is "what is the average household income in Watkins, Missouri?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.
The average (or mean) household income in Watkins is $71,438.00.
4.38% of households in Watkins, Missouri are classed as high income households (making $200,000+ per year).
The difference between a median and an average income
The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.
Both metrics are important when looking at the income statistics for Watkins but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.
Household Income Tiers for Watkins
We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.
The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Watkins, Missouri easier to view.
You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.
Less than $24,99910.72%
$25,000 to $49,99943.98%
$50,000 to $74,9999.41%
$75,000 to $99,9998.32%
$100,000 to $149,99917.94%
$150,000 to $199,9995.25%
$200,000 or more4.38%
Per Capita Income
The per capita income is the average income of all people in Watkins, Missouri. This is calculated by dividing the total income of all people in Watkins by the total number of people in Watkins.
It differs from the average or mean household income because it includes all people in Watkins and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).
The per capita income in Watkins, Missouri is $21,765.00.
Population in Watkins by Race and Ethnicity
The total population in Watkins is currently 1,516 people.
The race and ethnicity of the population in Watkins can be very important for social research, economics, and marketing to a multi-culturial society.
Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.
The chart below breaks down the population and percentage for each race and ethnicity in Watkins, Missouri.
3.40% Black/African American52
0.00% Hawaiian/Pacific Islander0
0.90% Two or more races14
Population of Watkins by Age and Gender
Another very important demographics statistic for Watkins, Missouri is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.
In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.
|0 to 9 Years||72||137|
|10 to 19 Years||117||119|
|20 to 29 Years||87||43|
|30 to 39 Years||78||67|
|40 to 49 Years||53||78|
|50 to 59 Years||193||144|
|60 to 69 Years||89||90|
|70 Years and over||77||72|
Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.
What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.
The chart below shows the educational attainment of the population in Watkins, Missouri.
Master's degree or higher10.45%
Some college or associate's degree13.50%
High school diploma or equivalent56.27%
Less than high school diploma2.89%
The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Watkins because it can show how many people are actively looking for work and how many people are unable to find a job.
Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Watkins look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.
The unemployment rate is calculated using the total population in Watkins, Missouri that are over the age of 16.
The current population in Watkins that are over the age of 16 is 1,174 people.
The unemployment rate in Watkins is 4.00%, which means 571 people are unemployed.
Median Age in Watkins
The median age is an interesting metric because it gives us an idea of the age distribution of people in Watkins, Missouri. You know when you see a median age that it is the age where half of the population is older and half is younger than it.
For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.
An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.
The median age in Watkins is 46.4 years old.
We can also look at the median age by gender to compare the see how each group compares to the total median age:
Median age by gender in Watkins
Households and Families
There are a total of 457 households in Watkins, and the average household size is 3.32 people.
For families, the total number is 357, and the average family size is 3.81 people.
22.70% of those families in Watkins, Missouri are living below the poverty line.
The table below shows the poverty thresholds for Watkins in 2022.
|Household Size||Poverty Threshold|
Please note that the poverty thresholds shown above are from 2022, while the latest demographics data we have is from 2021.
Households and Families by Marital Status
There are four types of household and family, as defined by the Census Bureau:
- Male householder, no spouse present
- Female householder, no spouse present
- Nonfamily household
In the table below, you can see the total households and families in Watkins, Missouri for each type, as well as the average sizes.
|Average Household Size||4.17||3.42||2.26||1.17|
|Average Household Size||4.04||3.42||2.26||0|
Housing Data in Watkins
There are total of 545 housing units in Watkins, Missouri. Of those units, 457 (83.85%) are occupied, and 88 (16.15%) are vacant.
Of the 545 housing units in Watkins, 5 (0.92%) are occupied by renters. The median rent paid by renters is $0.00.
Owner occupied housing units make up the remaining 81.65% of housing units, with 445 housing units in total.
The table below breaks down how much rent is paid by renters in Watkins, Missouri.
No rent paid7
Less than $5000
$500 to $9990
$1,000 to $1,4995
$1,500 to $1,9990
$2,000 to $2,4990
$2,500 to $2,9990
$3,000 or more0
The median value of a property in Watkins is $154,200.00.
The table below breaks down the range of valuations for all properties in Watkins.
Less than $50,00082
$50,000 to $99,999105
$100,000 to $149,99928
$150,000 to $199,99962
$200,000 to $299,99989
$300,000 to $499,99970
$500,000 to $999,9999
$1,000,000 or more0
We can also look at the number of properties built in a given year to see the spread of property age in Watkins, Missouri.
1939 or earlier72
1940 to 194918
1950 to 195940
1960 to 196922
1970 to 197983
1980 to 198920
1990 to 199991
2000 to 2009151
2010 to 201348
2014 or later0
Vehicles Available per Household
Finally, we have data on how many vehicles each household in Watkins has. The table below breaks down the number of vehicles available per household.
No vehicles available0
1 vehicle available46
2 vehicles available204
3 or more vehicles available207
Commuting to Work in Watkins
The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.
Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?
Using these metrics, we can get a better understanding of the demographics of Watkins, Missouri, how they commute, and how that correlates to other data points.
The average travel time is 33 minutes, and the chart below covers the range of travel times across the population of Watkins.
Less than 5 minutes5
5 to 9 minutes24
10 to 14 minutes18
15 to 19 minutes43
20 to 24 minutes217
25 to 29 minutes25
30 to 34 minutes47
35 to 39 minutes72
40 to 44 minutes28
45 to 59 minutes22
60 to 89 minutes9
90 or more minutes31
We can also look at the means of transport in Watkins to see which modes of transport people are using to commute to work.
Worked from home29
Hopefully this article has given you the demographics data you were looking for in Watkins, Missouri.
If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Watkins.
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