Median Household Income in Sidon, MS (2010-2021, in 2022 inflation-adjusted dollars)
Below, you will find a table illustrating the median household income in Sidon, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars.
Year | Median Household Income | YOY Change($) | YOY Change(%) |
---|---|---|---|
2010 | 21,018 | - | - |
2011 | 20,781 | -237 | -1.13% |
2012 | 20,635 | -146 | -0.70% |
2013 | 16,378 | -4,257 | -20.63% |
2014 | 16,499 | 121 | 0.74% |
2015 | 18,755 | 2,256 | 13.67% |
2016 | 14,270 | -4,485 | -23.91% |
2017 | 15,719 | 1,449 | 10.15% |
2018 | 21,293 | 5,574 | 35.46% |
2019 | 16,744 | -4,549 | -21.36% |
2020 | 15,864 | -880 | -5.26% |
2021 | 21,919 | 6,055 | 38.17% |
TABLE OF CONTENTS
Sidon, MS median household income trends: 2010 to 2021
From 2010 to 2021, the median household income for Sidon increased by $901 (4.29%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.
Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 5 years and declined for 6 years.
The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 6,055 (from $15,864 to $21,919). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 4,549 (from $21,293 to $16,744).
In Mississippi, among cities with populations of fewer than 5,000 residents, Sidon ranks 195th out of 211 for median household income. This rank indicates that it falls within the lower-income range of small cities within the state of Mississippi.
Things to know
What is the Gini index for Sidon, MS?
As per the Census Bureau, the Gini coefficient for Sidon is 0.6539. With this value of Gini coefficient, it is evident that income distribution in Sidon exihibits characterstics of high inequality .
This level of Gini coefficient suggests significant variations in income distribution across households, with certain segments of the population holding a notably larger share of income compared to others in Sidon.
It also implies that efforts may be needed to enhance economic fairness and address the considerable gap between income groups in Sidon
What is the median household income in Sidon, MS?
As per the latest data available from American Community Survey, the median household income for Sidon is $21,919 (in 2022 inflation-adjusted dollars). The next release from the Census is scheduled for Dec 7, 2023. This income is 29.38% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
How does Sidon, MS median household income compare to the rest of the United States?
In Mississippi, among cities with populations of fewer than 5,000 residents, Sidon ranks 195th out of 211 for median household income. This rank indicates that it falls within the lower-income range of small cities within the state of Mississippi.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)