Age of householder
Per the latest American Community Survey by the Census Bureau, Marshville sees its highest median household income among householders in the age group of 45 to 64 years old, at $59,970. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Marshville, where there exist only two delineated age groups, the median household income is $59,970 for householders within the 45 to 64 years age group, compared to $57,829 for the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $9,008(18.45%), escalating from a median of $48,821 in 2011 to $57,829 in 2021.
- 34(4.14%) households where the householder is under 25 years old.
- 284(34.55%) households with a householder aged between 25 and 44 years.
- 313(38.08%) households with a householder aged between 45 and 64 years.
- 191(23.24%) households where the householder is over 65 years old.
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Gender
In Marshville, the population consists of 1,213 males (47.89%) and 1,320 females (52.11%). Here are the primary highlights from the gender-based income distribution analysis:
- In Marshville, the median income for all workers aged 15 years and older, regardless of work hours, was $24,262 for males and $17,708 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,765 for males and $33,668 for females.
- In Marshville, the median income for all workers aged 15 years and older, regardless of work hours, was $24,262 for males and $17,708 for females.
- In Marshville, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,765, while females earned $33,668, leading to a 28% gender pay gap among full-time workers. This illustrates that women earn 72 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Marshville, the population is predominantly Black or African American, constituting 55.19% 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 $44,389.
- In Marshville, 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 $60,278. This reveals that, while Black or African Americans may be the most numerous in Marshville, White households experience greater economic prosperity in terms of median household income.
- In Marshville, the median household income for the households where the householder is White decreased by $17,710(22.71%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $77,988 in 2011 and $60,278 in 2021.
- In Marshville, the median household income for the households where the householder is Black or African American increased by $5,506(14.16%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $38,883 in 2011 and $44,389 in 2021.
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Year by year
Marshville, NC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Marshville decreased by $11,764 (19.52%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 14,047 (from $42,090 to $56,137). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 11,675 (from $60,255 to $48,580).
- It then further increased to $43,952 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3776, it is evident that income distribution in Marshville, NC exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $67,075. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $26,010.
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