Thursday, January 11, 2007

Income and Poverty in Winston-Salem, NC

The median household income in the area has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $42,444, representing a 6.1 percent decline. The Winston-Salem, NC MSA, when comparing total percent of decline, ranks 9 of 10 metro area in percent of decline for the household income level in the State of North Carolina. Winston-Salem ranks 94 of 233 metro area in terms of the decline in household income across the nation.

As the median income level saw a decline in the last five year in the Winston-Salem, NC metro area, the Race/Ethnicity category that felt the biggest decline in household income was the Race/Ethnicity category. This category went through a of . percent since the year 2000. The population category was least influenced by the median household income decline in Winston-Salem, undergoing a . percent in median income, since the values reporting the 2000 Decennial Census.

The poverty rate in the Winston-Salem, NC Metro has increased by 1.0 percent from the rates reported in the Decennial Census, moving from 12.9 percent to 13.9 percent.

When compared to other Metro Areas across the United States, the Winston-Salem metro area may be understood as having a medium-high rate of poverty among the people, 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 cohort, has the uppermost poverty rate with 27.1 percent of the 2000 population living in poverty. People that are of the age Under 5 years have the most percent of people living in poverty in Winston-Salem, with 19.4 percent of the population in this age category living in poverty.

In Winston-Salem, NC White householders had a median income (2005 Dollars) of $48,284 as reported in 2000 by the census, which was 6.8 percent greater than the median in 2000. Hispanic households in Winston-Salem, NC recorded a median income of $39,261, this median household income is 13.1 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 34.7 percent less than the overall reported level in 2000, with a reported median of $29,524. The households that were headed by an American Indian and Alaska Native individual in Winston-Salem had a median household income level of $40,887, this level was 9.5 percent less than the median level for total households in the area. According to the 2000 Census, the Asian headed households in the area have median household incomes of $50,352. This household income level is 11.4 percent greater than the reported median household income for all households in the area.

Compared to Metro Areas across the United States, the Winston-Salem metro area was reported to have a medium-high median income for all households of $45,199 (Adjusted to 2005 Dollars). This is 1.4 percent lower than the median in North Carolina of $45,845 and the median household income is 8.7 percent lower 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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