Age of householder
Per the latest American Community Survey by the Census Bureau, Norway sees its highest median household income among householders in the age group of 25 to 44 years old, at $51,343. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Norway only reports a median household income of $51,343 among householders in the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $22,856(80.23%), escalating from a median of $28,487 in 2011 to $51,343 in 2021.
- 0 households where the householder is under 25 years old.
- 20(15.04%) households with a householder aged between 25 and 44 years.
- 65(48.87%) households with a householder aged between 45 and 64 years.
- 48(36.09%) households where the householder is over 65 years old.
Read more about Norway, SC median household income by age ➔
Gender
In Norway, the population consists of 186 males (49.47%) and 190 females (50.53%). Here are the primary highlights from the gender-based income distribution analysis:
- In Norway, while the Census reported a median income of $32,427 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $36,312 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Norway, while the Census reported a median income of $32,427 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Norway, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $36,312 for females, while data for males was unavailable due to an insufficient number of sample observations.
Read more about Norway, SC income by gender ➔
Race
In Norway, the population is predominantly Black or African American, constituting 58.51% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $44,068.
- In Norway, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $80,393. This reveals that, while Black or African Americans may be the most numerous in Norway, White households experience greater economic prosperity in terms of median household income.
- In Norway, the median household income for the households where the householder is White increased by $9,022(12.64%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $71,371 in 2011 and $80,393 in 2021.
- In Norway, the median household income for the households where the householder is Black or African American increased by $25,907(142.65%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $18,161 in 2011 and $44,068 in 2021.
Read more about Norway, SC median household income by race ➔
Year by year
Norway, SC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Norway increased by $14,593 (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 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 16,223 (from $30,359 to $46,582). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 19,632 (from $46,582 to $26,950).
- It then further increased to $98,858 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4103, it is evident that income distribution in Norway, SC exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $52,965.
Read more about Norway, SC median household income ➔