Age of householder
Per the latest American Community Survey by the Census Bureau, New Augusta sees its highest median household income among householders in the age group of 45 to 64 years old, at $61,396. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in New Augusta, the median household income stands at $61,396 for householders within the 45 to 64 years age group, followed by $32,596 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $10,134.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $18,549(43.29%), escalating from a median of $42,847 in 2011 to $61,396 in 2021.
- 22(12.36%) households where the householder is under 25 years old.
- 41(23.03%) households with a householder aged between 25 and 44 years.
- 62(34.83%) households with a householder aged between 45 and 64 years.
- 53(29.78%) households where the householder is over 65 years old.
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Gender
In New Augusta, the population consists of 183 males (44.42%) and 229 females (55.58%). Here are the primary highlights from the gender-based income distribution analysis:
- In New Augusta, the median income for all workers aged 15 years and older, regardless of work hours, was $39,183 for males and $16,608 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $40,197 for males and $44,781 for females.
- In New Augusta, the median income for all workers aged 15 years and older, regardless of work hours, was $39,183 for males and $16,608 for females.
- In New Augusta, among full-time, year-round workers aged 15 years and older, males earned a median income of $40,197, while females earned $44,781
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Year by year
New Augusta, MS median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for New Augusta decreased by $3,598 (10.30%), 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 2011 to 2012, when the median household income increased by 12,458 (from $35,818 to $48,276). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 14,734 (from $47,569 to $32,835).
- It then further increased to $82,805 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4854, it is evident that income distribution in New Augusta, MS exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $40,759.
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