All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Age of householder
Per the latest American Community Survey by the Census Bureau, Sugar Mountain sees its highest median household income among householders in the age group of 25 to 44 years old, at $135,273. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Sugar Mountain, the median household income stands at $135,273 for householders within the 25 to 44 years age group, followed by $113,302 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 $80,528.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $85,071(169.46%), escalating from a median of $50,202 in 2011 to $135,273 in 2021.
- 3(1.26%) households where the householder is under 25 years old.
- 36(15.13%) households with a householder aged between 25 and 44 years.
- 85(35.71%) households with a householder aged between 45 and 64 years.
- 114(47.90%) households where the householder is over 65 years old.
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Gender
In Sugar Mountain, the population consists of 219 males (48.56%) and 232 females (51.44%). Here are the primary highlights from the gender-based income distribution analysis:
- In Sugar Mountain, the median income for all workers aged 15 years and older, regardless of work hours, was $66,206 for males and $64,404 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $72,286 for males and $94,230 for females.
- In Sugar Mountain, the median income for all workers aged 15 years and older, regardless of work hours, was $66,206 for males and $64,404 for females.
- In Sugar Mountain, among full-time, year-round workers aged 15 years and older, males earned a median income of $72,286, while females earned $94,230
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Race
In Sugar Mountain, the population is predominantly White, constituting 96.90% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $101,336.
- In Sugar Mountain, White is both the largest group and the one with the highest median household income, which stands at $101,336.
- In Sugar Mountain, the median household income for the households where the householder is White increased by $50,565(99.59%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $50,771 in 2011 and $101,336 in 2021.
- As per the U.S. Census Bureau population data, in Sugar Mountain, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Sugar Mountain, NC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Sugar Mountain increased by $31,623 (45.36%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 9 years and declined for 2 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 10,172 (from $62,682 to $72,854). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 19,248 (from $69,713 to $50,465).
- It then further increased to $114,847 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4665, it is evident that income distribution in Sugar Mountain, NC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $124,305. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $76,678.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)