Thursday, January 11, 2007

Income and Poverty in Hennepin County, Minnesota

The areas median household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $55,996, representing a 7.4 percent decline. Hennepin County, Minnesota, in terms of percentage of decline, ranks 4 of 11 counties in percent of decline for household income in Minnesota. Hennepin County ranks 347 of 668 counties (or parishes) when comparing total percent of decline in household income across the nation.

As the median household income witnessed a decline from 2000 to 2005 in Hennepin County, Minnesota, the Race/Ethnicity group that experienced the largest decline in median income was the Black or African American category. This group felt a decline of 29.1 percent since the year 2000. The American Indian and Alaska Native Race/Ethnicity group has been least impacted by the median income decline in Hennepin County, seeing a 27.1 percent increase in household income level, since the year 2005.

When compared to other counties (or parishes) across the United States, Hennepin County, Minnesota can be recognized as having a rate of poverty among the people, accounting a rate of 8.3 percent of the population with family incomes below the 1999 poverty level. The American Indian and Alaska Native race/ethnicity population category, holds the highest rate of poverty with 28.7 percent of the 2000 population living in poverty. People that are of the age 5 years are witness to the most percent living in poverty in Hennepin County, accounting 11.9 percent of this age cohort living in poverty.

The poverty rate in Hennepin County, Minnesota has increased by 2.5 percent from the levels reported in the Decennial Census of 2000, moving from 8.3 percent to 10.8 percent.

Black or African American householders reported a median household income that was 44.2 percent less than the overall median reported in 2000, with a reported median of $33,751. The Asian headed households reported median household incomes of $55,440. This household income level is 8.4 percent less than the reported median for all households in the area. Hispanic headed households in Hennepin County, Minnesota , as reported in 2000, had a median household income of $43,353, this income level is 28.3 percent less than reported value of the areas total household median income for all households. The households that were headed by an American Indian and Alaska Native individual in Hennepin County had a median income of $32,501, this level was 46.3 percent less than the median income level in this area. In Hennepin County, Minnesota White householders had a median household income (in 2005 Dollars) of $64,749 according to the 2000 Dencennial Census, which was 7 percent greater than the median in the year 2000.

Compared to other counties (and parishes) throughout the nation, Hennepin County had a relatively high median income for all households of $60,502 (2005 Dollars). This median is 8.9 percent higher than the median in Minnesota of $55,120 and the income level is 18.8 percent higher than the median household income level in the US of $49,133.

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

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