Age of householder
Per the latest American Community Survey by the Census Bureau, Mount Pleasant sees its highest median household income among householders in the age group of 25 to 44 years old, at $56,143. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Mount Pleasant, the median household income stands at $56,143 for householders within the 25 to 44 years age group, followed by $48,684 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $27,658.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $10,437(27.29%), escalating from a median of $38,247 in 2011 to $48,684 in 2021.
- 61(3.09%) households where the householder is under 25 years old.
- 632(32.02%) households with a householder aged between 25 and 44 years.
- 774(39.21%) households with a householder aged between 45 and 64 years.
- 507(25.68%) households where the householder is over 65 years old.
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Gender
In Mount Pleasant, the population consists of 2,113 males (44.56%) and 2,629 females (55.44%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mount Pleasant, the median income for all workers aged 15 years and older, regardless of work hours, was $32,531 for males and $22,358 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $38,979 for males and $42,054 for females.
- In Mount Pleasant, the median income for all workers aged 15 years and older, regardless of work hours, was $32,531 for males and $22,358 for females.
- In Mount Pleasant, among full-time, year-round workers aged 15 years and older, males earned a median income of $38,979, while females earned $42,054
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Race
In Mount Pleasant, the population is predominantly White, constituting 70.01% 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 $41,797.
- In Mount Pleasant, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $47,383. This reveals that, while Whites may be the most numerous in Mount Pleasant, Black or African American households experience greater economic prosperity in terms of median household income.
- In Mount Pleasant, the median household income for the households where the householder is White decreased by $11,270(21.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,067 in 2011 and $41,797 in 2021.
- In Mount Pleasant, the median household income for the households where the householder is Black or African American increased by $4,233(9.81%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $43,150 in 2011 and $47,383 in 2021.
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Year by year
Mount Pleasant, TN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mount Pleasant increased by $3,673 (8.61%), 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 2014 to 2015, when the median household income increased by 11,126 (from $32,189 to $43,315). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 6,662 (from $44,449 to $37,787).
- It then further increased to $120,058 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5015, it is evident that income distribution in Mount Pleasant, TN exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $68,166. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $16,326.
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