Age of householder
Per the latest American Community Survey by the Census Bureau, Raymond sees its highest median household income among householders in the age group of 45 to 64 years old, at $67,962. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Raymond, where there exist only two delineated age groups, the median household income is $67,962 for householders within the 45 to 64 years age group, compared to $55,501 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $13,253(24.22%), escalating from a median of $54,709 in 2011 to $67,962 in 2021.
- 2(0.53%) households where the householder is under 25 years old.
- 84(22.16%) households with a householder aged between 25 and 44 years.
- 169(44.59%) households with a householder aged between 45 and 64 years.
- 124(32.72%) households where the householder is over 65 years old.
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Gender
In Raymond, the population consists of 886 males (47.08%) and 996 females (52.92%). Here are the primary highlights from the gender-based income distribution analysis:
- In Raymond, the median income for all workers aged 15 years and older, regardless of work hours, was $31,076 for males and $21,544 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,001 for males and $56,993 for females.
- In Raymond, the median income for all workers aged 15 years and older, regardless of work hours, was $31,076 for males and $21,544 for females.
- In Raymond, for all full-time workers aged 15 years and older, the median income was equal at, $56,993 for both males and females. This indicates a gender income balance in Raymond, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Raymond, the population is predominantly Black or African American, constituting 54.09% 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 $12,071.
- In Raymond, 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 $69,116. This reveals that, while Black or African Americans may be the most numerous in Raymond, White households experience greater economic prosperity in terms of median household income.
- In Raymond, the median household income for the households where the householder is White decreased by $5,401(7.25%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $74,517 in 2011 and $69,116 in 2021.
- In Raymond, the median household income for the households where the householder is Black or African American decreased by $24,977(67.42%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $37,048 in 2011 and $12,071 in 2021.
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Year by year
Raymond, MS median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Raymond decreased by $1,918 (3.40%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 31,427 (from $33,729 to $65,156). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 14,361 (from $48,090 to $33,729).
- It then further increased to $69,854 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4437, it is evident that income distribution in Raymond, MS exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $66,881. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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