Age of householder
Per the latest American Community Survey by the Census Bureau, Mason sees its highest median household income among householders in the age group of 45 to 64 years old, at $38,283. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Mason, the median household income stands at $38,283 for householders within the 45 to 64 years age group, followed by $35,130 for the under 25 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $28,374.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $19,193(120.43%), escalating from a median of $15,937 in 2011 to $35,130 in 2021.
- 20(7.14%) households where the householder is under 25 years old.
- 92(32.86%) households with a householder aged between 25 and 44 years.
- 103(36.79%) households with a householder aged between 45 and 64 years.
- 65(23.21%) households where the householder is over 65 years old.
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Gender
In Mason, the population consists of 622 males (57.49%) and 460 females (42.51%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mason, while the Census reported a median income of $17,516 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $38,658 for males and $29,425 for females.
- In Mason, while the Census reported a median income of $17,516 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Mason, among full-time, year-round workers aged 15 years and older, males earned a median income of $38,658, while females earned $29,425, leading to a 24% gender pay gap among full-time workers. This illustrates that women earn 76 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 Mason, the population is predominantly Black or African American, constituting 72.46% 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 $33,441.
- In Mason, Black or African American is both the largest group and the one with the highest median household income, which stands at $33,441.
- In Mason, the median household income for White households was $55,572 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- In Mason, the median household income for the households where the householder is Black or African American decreased by $4,755(12.45%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $38,196 in 2011 and $33,441 in 2021.
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Year by year
Mason, TN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mason decreased by $10,376 (23.22%), 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 2017 to 2018, when the median household income increased by 3,874 (from $38,578 to $42,452). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 5,908 (from $40,227 to $34,319).
- It then further increased to $44,250 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4534, it is evident that income distribution in Mason, TN exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $37,156. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $25,840.
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