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
Age of householder
Per the latest American Community Survey by the Census Bureau, Georgetown sees its highest median household income among householders in the age group of 65 years and over old, at $19,592. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Georgetown only reports a median household income of $19,592 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $15,549(44.25%), declining from a median of $35,141 in 2011 to $19,592 in 2021.
- 0 households where the householder is under 25 years old.
- 5(15.15%) households with a householder aged between 25 and 44 years.
- 11(33.33%) households with a householder aged between 45 and 64 years.
- 17(51.52%) households where the householder is over 65 years old.
Read more about Georgetown, AR median household income by age ➔
Gender
In Georgetown, the population consists of 40 males (47.62%) and 44 females (52.38%). Here are the primary highlights from the gender-based income distribution analysis:
- In Georgetown, the median income for all workers aged 15 years and older, regardless of work hours, was $16,664 for males and $13,061 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $41,210 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Georgetown, the median income for all workers aged 15 years and older, regardless of work hours, was $16,664 for males and $13,061 for females.
- In Georgetown, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $41,210 for females, while data for males was unavailable due to an insufficient number of sample observations.
Read more about Georgetown, AR income by gender ➔
Race
In Georgetown, the population is predominantly White, constituting 97.62% 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 $18,409.
- In Georgetown, White is both the largest group and the one with the highest median household income, which stands at $18,409.
- In Georgetown, the median household income for the households where the householder is White decreased by $18,095(49.57%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $36,504 in 2011 and $18,409 in 2021.
- As per the U.S. Census Bureau population data, in Georgetown, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
Read more about Georgetown, AR median household income by race ➔
Year by year
Georgetown, AR median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Georgetown decreased by $17,937 (48.90%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 21,011 (from $36,423 to $57,434). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 17,406 (from $37,021 to $19,615).
- It then further increased to $35,805 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3952, it is evident that income distribution in Georgetown, AR exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $43,003.
Read more about Georgetown, AR median household income ➔
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)