Age of householder
Per the latest American Community Survey by the Census Bureau, Snow Hill sees its highest median household income among householders in the age group of 25 to 44 years old, at $38,475. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Snow Hill, where there exist only two delineated age groups, the median household income is $38,475 for householders within the 25 to 44 years age group, compared to $31,527 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 $1,444(4.80%), escalating from a median of $30,083 in 2011 to $31,527 in 2021.
- 9(1.27%) households where the householder is under 25 years old.
- 246(34.70%) households with a householder aged between 25 and 44 years.
- 194(27.36%) households with a householder aged between 45 and 64 years.
- 260(36.67%) households where the householder is over 65 years old.
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Gender
In Snow Hill, the population consists of 1,048 males (51.02%) and 1,006 females (48.98%). Here are the primary highlights from the gender-based income distribution analysis:
- In Snow Hill, the median income for all workers aged 15 years and older, regardless of work hours, was $18,504 for males and $17,960 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $40,023 for males and $29,500 for females.
- In Snow Hill, the median income for all workers aged 15 years and older, regardless of work hours, was $18,504 for males and $17,960 for females.
- In Snow Hill, among full-time, year-round workers aged 15 years and older, males earned a median income of $40,023, while females earned $29,500, leading to a 26% gender pay gap among full-time workers. This illustrates that women earn 74 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 Snow Hill, the population is predominantly Black or African American, constituting 43.18% 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 $28,374.
- In Snow Hill, despite the Black or African American population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $55,397. This reveals that, while Black or African Americans may be the most numerous in Snow Hill, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Snow Hill, the median household income for the households where the householder is White decreased by $14,217(26.41%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,836 in 2011 and $39,619 in 2021.
- In Snow Hill, the median household income for the households where the householder is Black or African American decreased by $4,194(12.88%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $32,568 in 2011 and $28,374 in 2021.
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Year by year
Snow Hill, NC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Snow Hill decreased by $5,444 (13.97%), 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 2,816 (from $29,025 to $31,841). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 6,047 (from $35,072 to $29,025).
- It then further increased to $42,156 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4681, it is evident that income distribution in Snow Hill, NC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $40,052. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $19,816.
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