New Augusta, MS Income

The inflation-adjusted median household income in New Augusta was $31,346, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$31,346
Median household income
0.4854
Gini coefficient
45 to 64 years ($61,396)
Highest median income age group
$NA
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

TABLE OF CONTENTS

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.
The bar chart shows New Augusta, MS median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
New Augusta, MS median household income by age of householder: It offers a clear illustration of the differences in median household incomes in New Augusta, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about New Augusta, MS median household income by age ➔

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
Line chart showing the annual median income trends in New Augusta, MS for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
New Augusta, MS gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about New Augusta, MS income by gender ➔

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.
The line chart shows New Augusta, MS median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
New Augusta, MS median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about New Augusta, MS median household income ➔

References

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New Augusta, MS Demographics

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Median household income of places that contain New Augusta (in 2022 dollars)
Median household income of nearby cities (in 2022 dollars)
Insights for New Augusta, by topic

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Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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