Age of householder
Per the latest American Community Survey by the Census Bureau, Siloam sees its highest median household income among householders in the age group of 65 years and over old, at $21,618. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Siloam only reports a median household income of $21,618 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $5,351(19.84%), declining from a median of $26,969 in 2011 to $21,618 in 2021.
- 0 households where the householder is under 25 years old.
- 14(9.21%) households with a householder aged between 25 and 44 years.
- 62(40.79%) households with a householder aged between 45 and 64 years.
- 76(50%) households where the householder is over 65 years old.
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Gender
In Siloam, the population consists of 220 males (49.66%) and 223 females (50.34%). Here are the primary highlights from the gender-based income distribution analysis:
- In Siloam, the median income for all workers aged 15 years and older, regardless of work hours, was $19,760 for males and $17,903 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,180 for males and $36,481 for females.
- In Siloam, the median income for all workers aged 15 years and older, regardless of work hours, was $19,760 for males and $17,903 for females.
- In Siloam, among full-time, year-round workers aged 15 years and older, males earned a median income of $59,180, while females earned $36,481, leading to a 38% gender pay gap among full-time workers. This illustrates that women earn 62 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Siloam, the population is predominantly Black or African American, constituting 58.01% 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 $23,138.
- In Siloam, Black or African American is both the largest group and the one with the highest median household income, which stands at $23,138.
- In Siloam, the median household income for the households where the householder is White decreased by $84,277(83%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $101,541 in 2011 and $17,264 in 2021.
- In Siloam, the median household income for the households where the householder is Black or African American decreased by $7,540(24.58%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $30,678 in 2011 and $23,138 in 2021.
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Year by year
Siloam, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Siloam decreased by $9,950 (30.86%), 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 2010 to 2011, when the median household income increased by 18,697 (from $32,244 to $50,941). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 12,091 (from $50,941 to $38,850).
- It then further increased to $195,510 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.531, it is evident that income distribution in Siloam, GA exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $55,172.
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