Age of householder
Per the latest American Community Survey by the Census Bureau, Meansville sees its highest median household income among householders in the age group of 45 to 64 years old, at $117,009. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Meansville, where there exist only two delineated age groups, the median household income is $117,009 for householders within the 45 to 64 years age group, compared to $60,801 for the 25 to 44 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $45,092(62.70%), escalating from a median of $71,917 in 2011 to $117,009 in 2021.
- 0 households where the householder is under 25 years old.
- 17(24.64%) households with a householder aged between 25 and 44 years.
- 19(27.54%) households with a householder aged between 45 and 64 years.
- 33(47.83%) households where the householder is over 65 years old.
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Gender
In Meansville, the population consists of 70 males (45.45%) and 84 females (54.55%). Here are the primary highlights from the gender-based income distribution analysis:
- In Meansville, the median income for all workers aged 15 years and older, regardless of work hours, was $34,792 for males and $32,427 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $35,130 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Meansville, the median income for all workers aged 15 years and older, regardless of work hours, was $34,792 for males and $32,427 for females.
- In Meansville, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $35,130 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Meansville, the population is predominantly White, constituting 98.70% 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 $84,785.
- In Meansville, White is both the largest group and the one with the highest median household income, which stands at $84,785.
- In Meansville, the median household income for the households where the householder is White increased by $37,113(77.85%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $47,672 in 2011 and $84,785 in 2021.
- In Meansville, the median household income for Black or African American households was $14,982 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Meansville, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Meansville increased by $30,138 (55.84%), 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 2020 to 2021, when the median household income increased by 44,835 (from $39,274 to $84,109). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 26,602 (from $63,623 to $37,021).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3822, it is evident that income distribution in Meansville, GA exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $84,109. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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