Age of householder
Per the latest American Community Survey by the Census Bureau, Newborn sees its highest median household income among householders in the age group of 45 to 64 years old, at $57,288. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Newborn, where there exist only two delineated age groups, the median household income is $57,288 for householders within the 45 to 64 years age group, compared to $54,721 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $22,304(68.80%), escalating from a median of $32,417 in 2011 to $54,721 in 2021.
- 5(1.81%) households where the householder is under 25 years old.
- 97(35.02%) households with a householder aged between 25 and 44 years.
- 116(41.88%) households with a householder aged between 45 and 64 years.
- 59(21.30%) households where the householder is over 65 years old.
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Gender
In Newborn, the population consists of 452 males (56.86%) and 343 females (43.14%). Here are the primary highlights from the gender-based income distribution analysis:
- In Newborn, the median income for all workers aged 15 years and older, regardless of work hours, was $43,944 for males and $18,219 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,157 for males and $46,727 for females.
- In Newborn, the median income for all workers aged 15 years and older, regardless of work hours, was $43,944 for males and $18,219 for females.
- In Newborn, among full-time, year-round workers aged 15 years and older, males earned a median income of $56,157, while females earned $46,727, leading to a 17% gender pay gap among full-time workers. This illustrates that women earn 83 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Newborn, the population is predominantly White, constituting 79.62% 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 $64,469.
- In Newborn, White is both the largest group and the one with the highest median household income, which stands at $64,469.
- In Newborn, the median household income for the households where the householder is White decreased by $7,448(10.36%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $71,917 in 2011 and $64,469 in 2021.
- In Newborn, the median household income for the households where the householder is Black or African American increased by $25,495(74.28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $34,324 in 2011 and $59,819 in 2021.
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Year by year
Newborn, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Newborn increased by $1,873 (3.05%), 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 2016 to 2017, when the median household income increased by 10,471 (from $46,630 to $57,101). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 13,646 (from $67,013 to $53,367).
- It then further increased to $83,500 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4026, it is evident that income distribution in Newborn, GA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $68,008. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $47,741.
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