Age of householder
Per the latest American Community Survey by the Census Bureau, Morgan sees its highest median household income among householders in the age group of 25 to 44 years old, at $79,042. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Morgan, where there exist only two delineated age groups, the median household income is $79,042 for householders within the 25 to 44 years age group, compared to $16,214 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $46,761(144.86%), escalating from a median of $32,281 in 2011 to $79,042 in 2021.
- 0 households where the householder is under 25 years old.
- 20(19.42%) households with a householder aged between 25 and 44 years.
- 39(37.86%) households with a householder aged between 45 and 64 years.
- 44(42.72%) households where the householder is over 65 years old.
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Gender
In Morgan, the population consists of 1,839 males (89.66%) and 212 females (10.34%). Here are the primary highlights from the gender-based income distribution analysis:
- In Morgan, the median income for all workers aged 15 years and older, regardless of work hours, was $6,859 for males and $14,764 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $56,973 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Morgan, the median income for all workers aged 15 years and older, regardless of work hours, was $6,859 for males and $14,764 for females.
- In Morgan, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $56,973 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Year by year
Morgan, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Morgan decreased by $23,917 (46.54%), 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 2020 to 2021, when the median household income increased by 9,769 (from $17,705 to $27,474). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 12,368 (from $51,391 to $39,023).
- It then further increased to $31,848 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5435, it is evident that income distribution in Morgan, GA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $31,172. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $15,313.
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