Age of householder
Per the latest American Community Survey by the Census Bureau, Collins sees its highest median household income among householders in the age group of 45 to 64 years old, at $36,460. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Collins, the median household income stands at $36,460 for householders within the 45 to 64 years age group, followed by $29,233 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 $16,749.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $801(2.67%), declining from a median of $30,034 in 2011 to $29,233 in 2021.
- 24(2.75%) households where the householder is under 25 years old.
- 158(18.10%) households with a householder aged between 25 and 44 years.
- 432(49.48%) households with a householder aged between 45 and 64 years.
- 259(29.67%) households where the householder is over 65 years old.
Read more about Collins, MS median household income by age ➔
Gender
In Collins, the population consists of 1,208 males (49.71%) and 1,222 females (50.29%). Here are the primary highlights from the gender-based income distribution analysis:
- In Collins, the median income for all workers aged 15 years and older, regardless of work hours, was $19,411 for males and $16,052 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $21,353 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Collins, the median income for all workers aged 15 years and older, regardless of work hours, was $19,411 for males and $16,052 for females.
- In Collins, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $21,353 for males, while data for females was unavailable due to an insufficient number of sample observations.
Read more about Collins, MS income by gender ➔
Race
In Collins, the population is predominantly Black or African American, constituting 56.50% 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 $24,602.
- In Collins, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $41,120. This reveals that, while Black or African Americans may be the most numerous in Collins, White households experience greater economic prosperity in terms of median household income.
- In Collins, the median household income for the households where the householder is White decreased by $18,130(30.60%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $59,250 in 2011 and $41,120 in 2021.
- In Collins, the median household income for the households where the householder is Black or African American increased by $9,418(62.03%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $15,184 in 2011 and $24,602 in 2021.
Read more about Collins, MS median household income by race ➔
Year by year
Collins, MS median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Collins increased by $681 (2.23%), 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 2016 to 2017, when the median household income increased by 10,796 (from $31,893 to $42,689). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 8,570 (from $40,463 to $31,893).
- It then further increased to $29,233 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4149, it is evident that income distribution in Collins, MS exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $37,018. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $16,525.
Read more about Collins, MS median household income ➔