Age of householder
Per the latest American Community Survey by the Census Bureau, Granville sees its highest median household income among householders in the age group of 45 to 64 years old, at $63,210. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Granville, the median household income stands at $63,210 for householders within the 45 to 64 years age group, followed by $29,641 for the 65 years and over age group. Notably, householders within the under 25 years age group, had the lowest median household income at $29,238.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $13,284(26.61%), escalating from a median of $49,926 in 2011 to $63,210 in 2021.
- 211(33.12%) households where the householder is under 25 years old.
- 155(24.33%) households with a householder aged between 25 and 44 years.
- 104(16.33%) households with a householder aged between 45 and 64 years.
- 167(26.22%) households where the householder is over 65 years old.
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Gender
In Granville, the population consists of 752 males (48.02%) and 814 females (51.98%). Here are the primary highlights from the gender-based income distribution analysis:
- In Granville, the median income for all workers aged 15 years and older, regardless of work hours, was $16,841 for males and $10,778 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $23,125 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Granville, the median income for all workers aged 15 years and older, regardless of work hours, was $16,841 for males and $10,778 for females.
- In Granville, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $23,125 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Granville, the population is predominantly White, constituting 89.85% 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 $32,822.
- In Granville, White is both the largest group and the one with the highest median household income, which stands at $32,822.
- In Granville, the median household income for the households where the householder is White decreased by $5,366(14.05%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $38,188 in 2011 and $32,822 in 2021.
- In Granville, the median household income for Black or African American households was $19,941 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
Granville, WV median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Granville decreased by $8,269 (20.86%), 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 7,251 (from $39,428 to $46,679). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 12,794 (from $45,036 to $32,242).
- It then further increased to $32,794 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4586, it is evident that income distribution in Granville, WV exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $60,531. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $28,100.
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