Gender
In Mcfarlan, the population consists of 29 males (44.62%) and 36 females (55.38%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mcfarlan, while the Census reported a median income of $46,953 for all male workers aged 15 years and older, data for females 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 $58,369 for males and $45,602 for females.
- In Mcfarlan, while the Census reported a median income of $46,953 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Mcfarlan, among full-time, year-round workers aged 15 years and older, males earned a median income of $58,369, while females earned $45,602, leading to a 22% gender pay gap among full-time workers. This illustrates that women earn 78 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 Mcfarlan, the population is predominantly White, constituting 100% 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 $57,086.
- In Mcfarlan, White is both the largest group and the one with the highest median household income, which stands at $57,086.
- In Mcfarlan, the median household income for the households where the householder is White increased by $20,856(57.57%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $36,230 in 2011 and $57,086 in 2021.
- As per the U.S. Census Bureau population data, in Mcfarlan, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Mcfarlan, NC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mcfarlan increased by $10,198 (21.75%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 15,737 (from $41,961 to $57,698). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 12,687 (from $38,394 to $25,707).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4349, it is evident that income distribution in Mcfarlan, NC exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $34,454.
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