Age of householder
Per the latest American Community Survey by the Census Bureau, Cave Spring sees its highest median household income among householders in the age group of 45 to 64 years old, at $51,952. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Cave Spring, the median household income stands at $51,952 for householders within the 45 to 64 years age group, followed by $37,542 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $28,333.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $819(2.98%), escalating from a median of $27,514 in 2011 to $28,333 in 2021.
- 10(2.48%) households where the householder is under 25 years old.
- 80(19.85%) households with a householder aged between 25 and 44 years.
- 149(36.97%) households with a householder aged between 45 and 64 years.
- 164(40.69%) households where the householder is over 65 years old.
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Gender
In Cave Spring, the population consists of 458 males (47.36%) and 509 females (52.64%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cave Spring, the median income for all workers aged 15 years and older, regardless of work hours, was $28,503 for males and $22,265 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $41,885 for males and $41,940 for females.
- In Cave Spring, the median income for all workers aged 15 years and older, regardless of work hours, was $28,503 for males and $22,265 for females.
- In Cave Spring, for all full-time workers aged 15 years and older, the median income was equal at, $41,940 for both males and females. This indicates a gender income balance in Cave Spring, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Cave Spring, the population is predominantly White, constituting 77.56% 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 $47,535.
- In Cave Spring, White is both the largest group and the one with the highest median household income, which stands at $47,535.
- In Cave Spring, the median household income for the households where the householder is White decreased by $8,527(15.21%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,062 in 2011 and $47,535 in 2021.
- In Cave Spring, the median household income for the households where the householder is Black or African American increased by $10,288(53.62%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $19,187 in 2011 and $29,475 in 2021.
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Year by year
Cave Spring, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cave Spring decreased by $18,048 (32.79%), 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 1,689 (from $45,131 to $46,820). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 7,950 (from $55,036 to $47,086).
- It then further increased to $81,068 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4061, it is evident that income distribution in Cave Spring, GA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $54,537. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $24,382.
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