Thursday, January 11, 2007

Income and Poverty in Boulder, CO

The poverty rate in the Boulder, CO Metro has increased by 2.8 percent since the 2000 rates, moving from 9 percent to 11.8 percent.

The Asian householders in the area have reported their median household incomes at $59,138. This household income level is 18.7 percent greater than the all households reported median in the area. The American Indian and Alaska Native headed households in Boulder had a median income of $43,241, this was 13.2 percent less than the median level for total households in the area. Hispanic households in Boulder, CO , as reported in 2000, had a median household income of $37,623, this median household income is 24.5 percent less than the reported median household income for all households in the area. Black or African American householders reported a median household income that was 11.1 percent less than the all population median published in the 2000 Census, with a median of $44,281. In Boulder, CO White householders had a median household income (in 2005 Dollars) of $50,793 according to the Decennial Census of 2000, which was 2 percent greater than the median income in 2000.

As the median income level saw a growth from 2000 to 2005 in the Boulder, CO metro area, the Race/Ethnicity category that felt the biggest growth in household income was the category. This category saw an of . percent in the last five years. The population group was least impacted by the household income growth in Boulder, undergoing a . percent in median income, since the values reporting the 2000 Decennial Census.

When put side-by-side with other Metros throughout the United States, the Boulder metro area can be recognized as having a rate of poverty among the people, accounting a rate of 9.0 percent with a family income under the 1999 poverty level. The Hispanic race/ethnicity population cohort, has the uppermost poverty rate with 20.6 percent of the people in 2000 living in poverty. The population that is aged Under 5 years have the most percent of people living in poverty in Boulder, reporting 13.3 percent of the population in this age category living in poverty.

The median household income has increased from the inflation-adjusted values in 2000. The income level has increased to $57,502, representing a 15.4 percent growth. The Boulder, CO MSA, when comparing total percent of growth, ranks 2 of 2 metro area in percent of growth for household income in Colorado. Boulder ranks 164 of 233 metro area when comparing the growth in median income in the US.

Compared to other MSAs throughout the nation, the Boulder metro area was reported to have a medium-high median household income of $49,807 (2005 Dollars). This median is 10.9 percent lower than the median in State of Colorado of $55,228 and the median is 1.4 percent higher than the median in the US, which is $49,133.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

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