Age of householder
Per the latest American Community Survey by the Census Bureau, Morven sees its highest median household income among householders in the age group of 65 years and over old, at $19,254. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Morven, where there exist only two delineated age groups, the median household income is $19,254 for householders within the 65 years and over age group, compared to $2,701 for the 25 to 44 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $594(2.99%), declining from a median of $19,848 in 2011 to $19,254 in 2021.
- 0 households where the householder is under 25 years old.
- 60(23.81%) households with a householder aged between 25 and 44 years.
- 127(50.40%) households with a householder aged between 45 and 64 years.
- 65(25.79%) households where the householder is over 65 years old.
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Gender
In Morven, the population consists of 325 males (43.39%) and 424 females (56.61%). Here are the primary highlights from the gender-based income distribution analysis:
- In Morven, while the Census reported a median income of $17,046 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 Census reported a median income of $17,645 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Morven, while the Census reported a median income of $17,046 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 Morven, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $17,645 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Morven, the population is predominantly Black or African American, constituting 59.55% 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 not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
- In Morven, despite the Black or African American population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that White households actually reports the highest median household income, with a median income of $8,310. This reveals that, while Black or African Americans may be the most numerous in Morven, White households experience greater economic prosperity in terms of median household income.
- In Morven, the median household income for the households where the householder is White decreased by $48,134(85.28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,444 in 2011 and $8,310 in 2021.
- In Morven, the median household income for Black or African American households was $17,816 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
Morven, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Morven decreased by $24,090 (59.16%), 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 2012 to 2013, when the median household income increased by 8,986 (from $22,360 to $31,346). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 12,596 (from $29,226 to $16,630).
- It then further decreased to 2,701 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.6206, it is evident that income distribution in Morven, GA exihibits characterstics of high inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $0. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $16,611.
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