Thursday, January 11, 2007

Income and Poverty in Rocky Mount, NC

Compared to Metro Areas across the United States, the Rocky Mount metro area reported a relatively low household income of $40,710 (Adjusted to 2005 Dollars). This is 12.6 percent lower than the median in State of North Carolina of $45,845 and the median is 20.7 percent lower than the median in the US, which is $49,133.

The median household income has declined from the 2000 values (inflation adjusted). The median income has decreased to $33,870, posting a 16.8 percent decline. The Rocky Mount, NC MSA, when comparing total percent of decline, ranks 3 of 10 metro area in percent of decline for household income in North Carolina. Rocky Mount ranks 16 of 233 metro area in terms of the decline in household income across the nation.

The poverty rate in the Rocky Mount, NC Metro has increased by 5.9 percent since the amount published in 2000, moving from 15.8 percent to 21.7 percent.

When compared to other Metro Areas across the United States, the Rocky Mount metro area can be recognized as having a relatively high poverty rate amid the residents with a poverty rate of 15.8 percent with a family income under the 1999 poverty level. The Hispanic race/ethnicity population cohort, has the uppermost poverty rate with 33.8 percent of the population in 2000 living in poverty. Individuals aged 5 years are experiencing most percent people in poverty in Rocky Mount, with 24.1 percent of this demographic group living with incomes under poverty.

Hispanic Householders in Rocky Mount, NC , according to the 2000 census, had a median household income of $31,427, this median household income is 22.8 percent less than the reported median household income for all households in the area. According to the 2000 Census, the Asian headed households in the area have median household incomes of $50,997. This median is 25.3 percent greater than the reported median household income, in the area, for all households. The American Indian and Alaska Native households in Rocky Mount reported an income level of $44,606, this level was 9.6 percent greater than the median income level in this area. In Rocky Mount, NC White householders had a median income (2005 Dollars) of $48,975 as reported by the Decennial Census of 2000, which was 20.3 percent greater than the median income in 2000. Black or African American householders reported a median household income that was 24.4 percent less than the overall reported level in 2000, with a reported median of $30,790.

As the median household income witnessed a decline since 2000 in the Rocky Mount, NC metro area, the Race/Ethnicity category that felt the biggest decline in median income was the Hispanic category. This category saw a decline of 14.1 percent since the year 2000. The Hispanic Race/Ethnicity category has been least effected by the income level decline in Rocky Mount, encountering a 14.1 percent decline in median income, since the values reporting the 2000 Decennial Census.

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

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