Age of householder
Per the latest American Community Survey by the Census Bureau, Beersheba Springs sees its highest median household income among householders in the age group of 45 to 64 years old, at $70,884. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Beersheba Springs, where there exist only two delineated age groups, the median household income is $70,884 for householders within the 45 to 64 years age group, compared to $32,680 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $42,117(146.41%), escalating from a median of $28,767 in 2011 to $70,884 in 2021.
- 7(2.51%) households where the householder is under 25 years old.
- 60(21.51%) households with a householder aged between 25 and 44 years.
- 135(48.39%) households with a householder aged between 45 and 64 years.
- 77(27.60%) households where the householder is over 65 years old.
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Gender
In Beersheba Springs, the population consists of 356 males (52.28%) and 325 females (47.72%). Here are the primary highlights from the gender-based income distribution analysis:
- In Beersheba Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $28,483 for males and $14,412 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $28,660 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Beersheba Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $28,483 for males and $14,412 for females.
- In Beersheba Springs, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $28,660 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Beersheba Springs, the population is predominantly White, constituting 75.62% 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 $49,317.
- In Beersheba Springs, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $71,121. This reveals that, while Whites may be the most numerous in Beersheba Springs, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Beersheba Springs, the median household income for the households where the householder is White increased by $26,761(118.64%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $22,556 in 2011 and $49,317 in 2021.
- As per the U.S. Census Bureau population data, in Beersheba Springs, 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
Beersheba Springs, TN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Beersheba Springs increased by $36,326 (117.91%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 25,049 (from $46,288 to $71,337). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 4,596 (from $30,808 to $26,212).
- It then further increased to $53,033 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3292, it is evident that income distribution in Beersheba Springs, TN exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $28,644.
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