Age of householder
Per the latest American Community Survey by the Census Bureau, McNairy County sees its highest median household income among householders in the age group of 25 to 44 years old, at $64,375. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in McNairy County, householders within the 25 to 44 years age group have the highest median household income at $64,375, followed by those in the 45 to 64 years age group with an income of $57,849. Meanwhile householders within the under 25 years age group report the second lowest median household income of $32,427. Notably, householders within the 65 years and over age group, had the lowest median household income at $30,125.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $10,252(21.54%), escalating from a median of $47,597 in 2011 to $57,849 in 2021.
- 248(2.53%) households where the householder is under 25 years old.
- 2,347(23.91%) households with a householder aged between 25 and 44 years.
- 3,730(37.99%) households with a householder aged between 45 and 64 years.
- 3,493(35.58%) households where the householder is over 65 years old.
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Gender
In McNairy County, the population consists of 12,739 males (49.15%) and 13,177 females (50.85%). Here are the primary highlights from the gender-based income distribution analysis:
- In McNairy County, the median income for all workers aged 15 years and older, regardless of work hours, was $32,558 for males and $20,670 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,655 for males and $39,928 for females.
- In McNairy County, the median income for all workers aged 15 years and older, regardless of work hours, was $32,558 for males and $20,670 for females.
- In McNairy County, among full-time, year-round workers aged 15 years and older, males earned a median income of $47,655, while females earned $39,928, leading to a 16% gender pay gap among full-time workers. This illustrates that women earn 84 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 McNairy County, the population is predominantly White, constituting 90.96% 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 $47,664.
- In McNairy County, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $105,840. This reveals that, while Whites may be the most numerous in McNairy County, Some Other Race households experience greater economic prosperity in terms of median household income.
- In McNairy County, the median household income for the households where the householder is White increased by $994(2.13%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $46,670 in 2011 and $47,664 in 2021.
- In McNairy County, the median household income for the households where the householder is Black or African American increased by $3,689(14.41%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $25,606 in 2011 and $29,295 in 2021.
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Year by year
McNairy County, TN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for McNairy County decreased by $779 (1.66%), 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 2,815 (from $42,150 to $44,965). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 3,353 (from $45,704 to $42,351).
- It then further increased to $270,229 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4564, it is evident that income distribution in McNairy County, TN exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $60,092. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $24,503.
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