Thursday, January 11, 2007

Income and Poverty in Toledo, OH

The rate of poverty in the Toledo, OH Metro has increased by 2.7 percent since the 2000 rates, moving from 12.5 percent to 15.2 percent.

The households that were headed by an American Indian and Alaska Native individual in Toledo reported a median household income of $39,761, this level was 14.8 percent less than the areas median level for all households. Black or African American householders reported a median household income that was 41.9 percent less than the total 2000 reported median, with a their median reported to be $27,143. Hispanic headed households in Toledo, OH , as reported in 2000, had a median household income of $39,605, this income level is 15.2 percent less than the areas median income level for all households. In Toledo, OH White headed households reported a median household income (2005 Dollars) of $49,482 according to the 2000 Dencennial Census, which was 6 percent greater than the median in the year 2000. The Asian headed households reported median household incomes of $47,089. This household income level is 0.9 percent greater than the all households reported median in the area.

While the median household income saw a decline in the last five year in the Toledo, OH metro area, the Race/Ethnicity group that went through the most dramatic decline in the household income level was the American Indian and Alaska Native Race/Ethnicity category. This category went through a decline of 60.6 percent since the year 2000. The Asian population category was least influenced by the median household income decline in Toledo, undergoing a 10.9 percent decline in household income, since the reported levels in 2000.

When put side-by-side with other Metros throughout the United States, the Toledo metro area can be understood to have a medium-high poverty rate amongst the population, with a poverty rate of 12.5 percent with a family income under the 1999 poverty level. The Black or African American race/ethnicity demographic category, owns the foremost rate of poverty with 32.4 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 Toledo, reporting 19.7 percent of this age group in the area living in poverty.

The median household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $42,798, representing a 8.3 percent decline. The Toledo, OH MSA, in terms of percent of decline, ranks 7 of 10 metro area in percent of decline for household income in Ohio. Toledo ranks 112 of 233 metro area when comparing total percent of decline in median income in the US.

When analyzed against other Metropolitan Statistical Areas in the US, the Toledo metro area accounted a medium-high median income for all households of $46,685 (2005 Dollars). The income level is 2.6 percent lower than the household income median in State of Ohio of $47,919 and the income level is 5.2 percent lower than the median for the rest of the nation, which is a reported $49,133.

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

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