Age of householder
Per the latest American Community Survey by the Census Bureau, Chauncey sees its highest median household income among householders in the age group of 65 years and over old, at $73,772. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Chauncey, the median household income stands at $73,772 for householders within the 65 years and over age group, followed by $64,404 for the under 25 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $43,236.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $61,136(1870.75%), escalating from a median of $3,268 in 2011 to $64,404 in 2021.
- 7(6.48%) households where the householder is under 25 years old.
- 20(18.52%) households with a householder aged between 25 and 44 years.
- 52(48.15%) households with a householder aged between 45 and 64 years.
- 29(26.85%) households where the householder is over 65 years old.
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Gender
In Chauncey, the population consists of 173 males (50.58%) and 169 females (49.42%). Here are the primary highlights from the gender-based income distribution analysis:
- In Chauncey, the median income for all workers aged 15 years and older, regardless of work hours, was $34,922 for males and $22,413 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $35,805 for males and $34,049 for females.
- In Chauncey, the median income for all workers aged 15 years and older, regardless of work hours, was $34,922 for males and $22,413 for females.
- In Chauncey, among full-time, year-round workers aged 15 years and older, males earned a median income of $35,805, while females earned $34,049, resulting in a 5% gender pay gap among full-time workers. This illustrates that women earn 95 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the city of Chauncey.
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Race
In Chauncey, the population is predominantly Black or African American, constituting 54.68% 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 not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
- In Chauncey, despite the Black or African American population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that White households actually reports the highest median household income, with a median income of $45,602. This reveals that, while Black or African Americans may be the most numerous in Chauncey, White households experience greater economic prosperity in terms of median household income.
- In Chauncey, the median household income for the households where the householder is White decreased by $8,336(15.45%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,938 in 2011 and $45,602 in 2021.
- In Chauncey, the median household income for Black or African American households was $24,626 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Chauncey, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Chauncey increased by $19,497 (76.67%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 14,480 (from $25,429 to $39,909). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 15,323 (from $39,909 to $24,586).
- It then further increased to $63,166 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4391, it is evident that income distribution in Chauncey, GA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $44,250. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,435.
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