Thursday, January 11, 2007

Income and Poverty in Hickory-Lenoir-Morganton, NC

The rate of poverty in the Hickory-Lenoir-Morganton, NC Metro has increased by 4.9 percent from the rates reported in the Decennial Census, moving from 9.8 percent to 14.7 percent.

As the median income level saw a decline from 2000 to 2005 in the Hickory-Lenoir-Morganton, NC metro area, the Race/Ethnicity category that felt the biggest decline in median income was the American Indian and Alaska Native Race/Ethnicity category. This category went through a decline of 27.7 percent in the last five years. The Asian population group was least impacted by the household income decline in Hickory-Lenoir-Morganton, experiencing a 36.1 percent increase in median household income from 2000 to 2005.

The median household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $37,391, which represents a 15.5 percent decline. The Hickory-Lenoir-Morganton, NC MSA, when comparing total percent of decline, ranks 5 of 10 metro area in percent of decline for household income in &statename. Hickory-Lenoir-Morganton ranks 25 of 233 metro area when analyzing the decline in median household income in the United States.

Compared to Metro Areas across the United States, the Hickory-Lenoir-Morganton metro area was reported to have a medium-low household income of $44,247 (2005 Dollars). This median is 3.6 percent lower than the median in &statename of $45,845 and the median household income is 11 percent lower than the median household income in the United States of $49,133.

In Hickory-Lenoir-Morganton, NC White householders had a median income (2005 Dollars) of $45,438 as reported by the Decennial Census of 2000, which was 2.7 percent greater than the median in 2000. The Asian headed households reported median household incomes of $50,112. This income level is 13.3 percent greater than the reported median for all households in the area. Hispanic in Hickory-Lenoir-Morganton, NC , as reported in 2000, had a median household income of $38,996, this income level is 11.9 percent less than reported value of the areas total household median income for all households. Black or African American householders reported household income levels that were 27.9 percent less than the overall reported level in 2000, with a reported median of $31,881. The American Indian and Alaska Native headed households in Hickory-Lenoir-Morganton reported a median household income of $39,678, which was 10.3 percent less than the areas median level for all households.

Contrasted against to other Metropolitan Areas throughout the US, the Hickory-Lenoir-Morganton metro area can be recognized as having a rate of poverty among its population, accounting a rate of 9.8 percent with a family income under the 1999 poverty level. The American Indian and Alaska Native race/ethnicity population cohort, has the uppermost poverty rate with 26.6 percent of the population in 2000 living in poverty. Individuals aged 75 years and over are experiencing most percent people in poverty in Hickory-Lenoir-Morganton, with 16.1 percent of the population in this age category living in poverty.

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