Age of householder
Per the latest American Community Survey by the Census Bureau, Buena Vista sees its highest median household income among householders in the age group of 25 to 44 years old, at $50,561. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Buena Vista, the median household income stands at $50,561 for householders within the 25 to 44 years age group, followed by $24,737 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $17,720.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $20,249(66.80%), escalating from a median of $30,312 in 2011 to $50,561 in 2021.
- 22(2.88%) households where the householder is under 25 years old.
- 283(37.04%) households with a householder aged between 25 and 44 years.
- 308(40.31%) households with a householder aged between 45 and 64 years.
- 151(19.76%) households where the householder is over 65 years old.
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Gender
In Buena Vista, the population consists of 1,008 males (46.67%) and 1,152 females (53.33%). Here are the primary highlights from the gender-based income distribution analysis:
- In Buena Vista, the median income for all workers aged 15 years and older, regardless of work hours, was $23,965 for males and $19,448 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $42,712 for males and $29,796 for females.
- In Buena Vista, the median income for all workers aged 15 years and older, regardless of work hours, was $23,965 for males and $19,448 for females.
- In Buena Vista, among full-time, year-round workers aged 15 years and older, males earned a median income of $42,712, while females earned $29,796, leading to a 30% gender pay gap among full-time workers. This illustrates that women earn 70 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Buena Vista, the population is predominantly Black or African American, constituting 67.27% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $24,102.
- In Buena Vista, despite the Black or African American population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $78,970. This reveals that, while Black or African Americans may be the most numerous in Buena Vista, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Buena Vista, the median household income for White households was $22,065 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- In Buena Vista, the median household income for the households where the householder is Black or African American decreased by $4,699(16.32%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $28,801 in 2011 and $24,102 in 2021.
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Year by year
Buena Vista, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Buena Vista increased by $6,670 (26.30%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 12,219 (from $27,167 to $39,386). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 16,165 (from $44,105 to $27,940).
- It then further increased to $61,170 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5458, it is evident that income distribution in Buena Vista, GA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $53,708. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $19,020.
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