Thursday, January 11, 2007

Income and Poverty in Wilmington, NC

Compared to Metro Areas across the United States, the Wilmington metro area reported a medium-high median income for all households of $45,199 (Adjusted to 2005 Dollars). This figure is 1.4 percent lower than the household income median in State of &statename of $45,845 and the median household income is 8.7 percent lower than the median household income in the United States of $49,133.

The poverty rate in the Wilmington, NC Metro has increased by 0.2 percent from the rates reported in the Decennial Census, moving from 12.9 percent to 13.1 percent.

As the median income level saw a decline from 2000 to 2005 in the Wilmington, NC metro area, the Race/Ethnicity group that experienced the largest decline in median household income was the Hispanic category. This group felt a decline of 24.9 percent from 2000 to 2005. The American Indian and Alaska Native Race/Ethnicity group has been least impacted by the median income decline in Wilmington, experiencing a 40.4 percent increase in median household income from 2000 to 2005.

Black or African American householders reported household income levels that were 34.7 percent less than the total 2000 reported median, with a their median reported to be $29,524. Hispanic headed households in Wilmington, NC reported a median household income of $39,261, this median is 13.1 percent less than reported value of the areas total household median income for all households. It was reported in 2000 that the Asian headed households had median household incomes of $50,352. This median income level is 11.4 percent greater than the all households reported median in the area. In Wilmington, NC White headed households reported a median household income (2005 Dollars) of $48,284 according to the Decennial Census of 2000, which was 6.8 percent greater than the median in the year 2000. The households that were headed by an American Indian and Alaska Native individual in Wilmington had a median income of $40,887, this median was 9.5 percent less than the median for all households.

Contrasted against to other Metropolitan Areas throughout the US, the Wilmington metro area can be recognized as having a medium-high rate of poverty among its population, accounting a 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 category, holds the highest rate of poverty with 27.1 percent of the 2000 population living in poverty. People that are of the age Under 5 years are experiencing most percent people in poverty in Wilmington, with 19.4 percent of the population in this age category living in poverty.

The median household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $41,000, which amounts to a 9.3 percent decline. The Wilmington, NC MSA, when comparing total percent of decline, ranks 9 of 10 metro area in percent of decline for income levels in the State of &statename. Wilmington ranks 94 of 233 metro area when comparing the decline in household income across the nation.

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