Gender
In Mount Carmel, the population consists of 5 males (45.45%) and 6 females (54.55%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mount Carmel, the median income for all workers aged 15 years and older, regardless of work hours, was $49,317 for males and $43,912 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $49,992 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Mount Carmel, the median income for all workers aged 15 years and older, regardless of work hours, was $49,317 for males and $43,912 for females.
- In Mount Carmel, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $49,992 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Mount Carmel, 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 $43,912.
- In Mount Carmel, White is both the largest group and the one with the highest median household income, which stands at $43,912.
- In Mount Carmel, the median household income for the households where the householder is White increased by $16,126(58.04%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $27,786 in 2011 and $43,912 in 2021.
- As per the U.S. Census Bureau population data, in Mount Carmel, 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
Mount Carmel, IN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mount Carmel increased by $14,256 (48.07%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2014 to 2015, when the median household income increased by 9,749 (from $34,903 to $44,652). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 2,000 (from $44,493 to $42,493).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.2618, it is evident that income distribution in Mount Carmel, IN exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $28,712.
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