All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Gender
In Crossnore, the population consists of 91 males (59.87%) and 61 females (40.13%). Here are the primary highlights from the gender-based income distribution analysis:
- In Crossnore, while the Census reported a median income of $47,590 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $46,749 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Crossnore, while the Census reported a median income of $47,590 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Crossnore, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $46,749 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Crossnore, the population is predominantly White, constituting 75% 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 $106,740.
- In Crossnore, White is both the largest group and the one with the highest median household income, which stands at $106,740.
- In Crossnore, the median household income for the households where the householder is White increased by $62,609(141.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $44,131 in 2011 and $106,740 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Crossnore, NC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Crossnore increased by $49,208 (85.53%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 42,747 (from $51,981 to $94,728). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 29,233 (from $81,214 to $51,981).
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- With a Gini coefficient of 0.183, it is evident that income distribution in Crossnore, NC exihibits characterstics of high equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $64,973.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)