Thursday, January 11, 2007

Income and Poverty in Jacksonville, NC

The areas median household income has increased from the inflation-adjusted values in 2000. The income level has increased to $41,242, which represents a 4.4 percent growth. The Jacksonville, NC MSA, when analyzing percentage of growth, ranks 8 of 28 metro area in percent of growth for the household income level in the State of North Carolina. Jacksonville ranks 8 of 28 metro area when comparing the growth in median household income in the United States.

When put side-by-side with other Metros throughout the United States, the Jacksonville metro area can be understood to have a medium-high poverty rate amongst the population, with a poverty rate of 12.9 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity population cohort, has the uppermost poverty rate with 21.7 percent of the 2000 population living in poverty. People that are of the age 75 years and over are witness to the most percent living in poverty in Jacksonville, accounting 23.5 percent of this age cohort living in poverty.

The Asian headed households reported median household incomes of $29,175. This median is 26.1 percent less than the all households reported median in the area. Black or African American headed households had median income levels that were 18.7 percent less than the overall median reported in 2000, with a reported median of $32,105. The American Indian and Alaska Native householders in Jacksonville reported a median household income of $40,658, this level was 2.9 percent greater than the areas median level for all households. In Jacksonville, NC White householders had a median income (2005 Dollars) of $42,063 as reported in 2000 by the census, which was 6.5 percent greater than the median income in 2000. Hispanic Householders in Jacksonville, NC reported a median household income of $34,640, this median household income is 12.3 percent less than reported value of the areas total household median income for all households.

The poverty rate in the Jacksonville, NC Metro has increased by 5.3 percent from the levels reported in the Decennial Census of 2000, moving from 12.9 percent to 18.2 percent.

When compared to other Metro Areas throughout the United States, the Jacksonville metro area accounted a relatively low median income for households of $39,495 (2005 Dollars). This median is 16.1 percent lower than the median in State of North Carolina of $45,845 and the median household income is 24.4 percent lower than the median household income in the United States of $49,133.

While household income level experienced a growth from 2000 to 2005 in the Jacksonville, NC metro area, the Race/Ethnicity group that went through the most dramatic growth in household income was the Asian category. This category saw an increase of 62 percent since the year 2000. The Hispanic Race/Ethnicity group has been least impacted by the median income growth in Jacksonville, undergoing a 26.4 percent decline in household income, since the reported levels in 2000.

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

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