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The total population of Margaret is estimated to be 5,294 with 2,458 males (46.43%) and 2,836 females (53.57%). There are 378 more females than males in Margaret.
The median household income in Margaret was $70,251 in 2021, which marked an an increase of 1,461(2.12%) from $68,790 in 2020. This income is 94.16% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Margaret sees its highest median household income among householders in the age group of 45 to 64 years old, at $99,520. Overall, the median household income for the town of Margaret stands at $70,251.
In Margaret, the median income for all workers aged 15 years and older, regardless of work hours, was $51,150 for males and $34,140 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,203 for males and $41,814 for females.
In Margaret, there are just two different racial groups among households. Among these, White households report a median household income of $82,420, while Black or African American households have a median household income of $69,252.
In 2022, the population of Margaret was 5,822, a 7.54% increase year-by-year from 2021. Previously, in 2021, Margaret's population was 5,414, an increase of 4.78% compared to a population of 5,167 in 2020.
The median age in Margaret, AL is 32.4, as per 2021 ACS 5-Year Estimates. Of the total population, 29.19% were under the age of 15, 13.77% aged 15 to 29, 50.76% aged 30 to 64, 6.27% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Margaret population: 72.61% are White, 25.36% are Black or African American, 0.31% are Asian, 0.08% are some other race and 1.64% are multiracial.