Age of householder
Per the latest American Community Survey by the Census Bureau, Sharon sees its highest median household income among householders in the age group of 25 to 44 years old, at $47,628. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Sharon, the median household income stands at $47,628 for householders within the 25 to 44 years age group, followed by $26,235 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $20,267.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $1,798(8.15%), declining from a median of $22,065 in 2011 to $20,267 in 2021.
- 0 households where the householder is under 25 years old.
- 14(29.79%) households with a householder aged between 25 and 44 years.
- 21(44.68%) households with a householder aged between 45 and 64 years.
- 12(25.53%) households where the householder is over 65 years old.
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Gender
In Sharon, the population consists of 43 males (63.24%) and 25 females (36.76%). Here are the primary highlights from the gender-based income distribution analysis:
- In Sharon, the median income for all workers aged 15 years and older, regardless of work hours, was $38,604 for males and $25,334 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $46,446 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Sharon, the median income for all workers aged 15 years and older, regardless of work hours, was $38,604 for males and $25,334 for females.
- In Sharon, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $46,446 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Sharon, the population is predominantly Black or African American, constituting 60.29% 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 $26,798.
- In Sharon, Black or African American is both the largest group and the one with the highest median household income, which stands at $26,798.
- In Sharon, the median household income for White households was $54,755 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- In Sharon, the median household income for the households where the householder is Black or African American decreased by $2,388(8.18%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $29,186 in 2011 and $26,798 in 2021.
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Year by year
Sharon, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Sharon decreased by $4,114 (13.26%), 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 2019 to 2020, when the median household income increased by 13,659 (from $30,141 to $43,800). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 16,881 (from $43,800 to $26,919).
- It then further decreased to 25,775 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2555, it is evident that income distribution in Sharon, GA exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $69,133.
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