Age of householder
Per the latest American Community Survey by the Census Bureau, Ideal sees its highest median household income among householders in the age group of 25 to 44 years old, at $30,536. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Ideal, the median household income stands at $30,536 for householders within the 25 to 44 years age group, followed by $24,321 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $23,104.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $11,856(63.47%), escalating from a median of $18,680 in 2011 to $30,536 in 2021.
- 0 households where the householder is under 25 years old.
- 44(30.77%) households with a householder aged between 25 and 44 years.
- 49(34.27%) households with a householder aged between 45 and 64 years.
- 50(34.97%) households where the householder is over 65 years old.
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Gender
In Ideal, the population consists of 153 males (31.35%) and 335 females (68.65%). Here are the primary highlights from the gender-based income distribution analysis:
- In Ideal, the median income for all workers aged 15 years and older, regardless of work hours, was $15,943 for males and $16,326 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $20,644 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Ideal, the median income for all workers aged 15 years and older, regardless of work hours, was $15,943 for males and $16,326 for females.
- In Ideal, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $20,644 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Ideal, the population is predominantly Black or African American, constituting 86.68% 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 $23,329.
- In Ideal, 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 $35,805. This reveals that, while Black or African Americans may be the most numerous in Ideal, White households experience greater economic prosperity in terms of median household income.
- In Ideal, the median household income for the households where the householder is White increased by $664(1.89%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $35,141 in 2011 and $35,805 in 2021.
- In Ideal, the median household income for the households where the householder is Black or African American decreased by $12,084(34.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $35,413 in 2011 and $23,329 in 2021.
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Year by year
Ideal, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Ideal decreased by $11,342 (31.45%), 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 8,378 (from $21,313 to $29,691). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 15,583 (from $34,078 to $18,495).
- It then further decreased to 17,790 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3809, it is evident that income distribution in Ideal, GA exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $25,672.
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