Age of householder
Per the latest American Community Survey by the Census Bureau, Coahoma sees its highest median household income among householders in the age group of 25 to 44 years old, at $22,969. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Coahoma, where there exist only two delineated age groups, the median household income is $22,969 for householders within the 25 to 44 years age group, compared to $21,348 for the 45 to 64 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $6,869(42.66%), escalating from a median of $16,100 in 2011 to $22,969 in 2021.
- 10(13.33%) households where the householder is under 25 years old.
- 15(20%) households with a householder aged between 25 and 44 years.
- 43(57.33%) households with a householder aged between 45 and 64 years.
- 7(9.33%) households where the householder is over 65 years old.
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Gender
In Coahoma, the population consists of 85 males (46.96%) and 96 females (53.04%). Here are the primary highlights from the gender-based income distribution analysis:
- In Coahoma, the median income for all workers aged 15 years and older, regardless of work hours, was $22,969 for males and $10,252 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $29,050 for males and $23,308 for females.
- In Coahoma, the median income for all workers aged 15 years and older, regardless of work hours, was $22,969 for males and $10,252 for females.
- In Coahoma, among full-time, year-round workers aged 15 years and older, males earned a median income of $29,050, while females earned $23,308, leading to a 20% gender pay gap among full-time workers. This illustrates that women earn 80 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 Coahoma, the population is predominantly Black or African American, constituting 98.90% 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 $20,943.
- In Coahoma, Black or African American is both the largest group and the one with the highest median household income, which stands at $20,943.
- Even though there is a population where the householder is White, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- In Coahoma, the median household income for the households where the householder is Black or African American decreased by $714(3.30%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $21,657 in 2011 and $20,943 in 2021.
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Year by year
Coahoma, MS median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Coahoma increased by $4,850 (30.14%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 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 4,338 (from $16,093 to $20,431). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 2,380 (from $23,323 to $20,943).
- It then further increased to $19,254 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4749, it is evident that income distribution in Coahoma, MS exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $17,451.
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