Age of householder
Per the latest American Community Survey by the Census Bureau, Ashland sees its highest median household income among householders in the age group of 65 years and over old, at $37,156. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Ashland, where there exist only two delineated age groups, the median household income is $37,156 for householders within the 65 years and over age group, compared to $28,442 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $3,342(8.25%), declining from a median of $40,498 in 2011 to $37,156 in 2021.
- 8(3.49%) households where the householder is under 25 years old.
- 31(13.54%) households with a householder aged between 25 and 44 years.
- 73(31.88%) households with a householder aged between 45 and 64 years.
- 117(51.09%) households where the householder is over 65 years old.
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Gender
In Ashland, the population consists of 291 males (51.50%) and 274 females (48.50%). Here are the primary highlights from the gender-based income distribution analysis:
- In Ashland, the median income for all workers aged 15 years and older, regardless of work hours, was $27,075 for males and $24,059 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $39,183 for males and $39,183 for females.
- In Ashland, the median income for all workers aged 15 years and older, regardless of work hours, was $27,075 for males and $24,059 for females.
- In Ashland, for all full-time workers aged 15 years and older, the median income was equal at, $39,183 for both males and females. This indicates a gender income balance in Ashland, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Ashland, the population is predominantly White, constituting 80.35% 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 $38,283.
- In Ashland, White is both the largest group and the one with the highest median household income, which stands at $38,283.
- In Ashland, the median household income for the households where the householder is White decreased by $16,401(29.99%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $54,684 in 2011 and $38,283 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
Ashland, MS median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Ashland decreased by $20,305 (36.14%), 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 2015 to 2016, when the median household income increased by 10,319 (from $43,299 to $53,618). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 13,053 (from $54,726 to $41,673).
- It then further increased to $61,477 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.415, it is evident that income distribution in Ashland, MS exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $65,193. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $27,543.
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