Thursday, January 11, 2007

Income and Poverty in Austin-Round Rock, TX

As the median household income witnessed a decline in the last five year in the Austin-Round Rock, TX metro area, the Race/Ethnicity category that saw the sharpest decline in the household income level was the Hispanic Race/Ethnicity category. This category went through a decline of 39.7 percent in the last five years. The American Indian and Alaska Native Race/Ethnicity category has been least effected by the income level decline in Austin-Round Rock, seeing a 117.4 percent increase in household income, since the reported levels in 2000.

The median household income has declined from the 2000 values (inflation adjusted). The median income has decreased to $50,484, which amounts to a 11.9 percent decline. The Austin-Round Rock, TX MSA, in terms of percent of decline, ranks 7 of 22 metro area in percent of decline for median household income in the State of &statename. Austin-Round Rock ranks 60 of 233 metro area when comparing total percent of decline in median household income in the United States.

It was reported in 2000 that the Asian headed households had median household incomes of $59,091. This income level is 3.2 percent greater than the all households reported median in the area. Hispanic headed households in Austin-Round Rock, TX , as reported in 2000, had a median household income of $44,877, this median is 21.6 percent less than the median reported for all households in the area. In Austin-Round Rock, TX White headed households reported a median household income (2005 Dollars) of $61,058 according to the Decennial Census of 2000, which was 6.6 percent greater than the median in 2000. The American Indian and Alaska Native households in Austin-Round Rock reported a median household income of $52,258, this was 8.8 percent less than the areas median level for all households. Black or African American householders reported household income levels that were 27.6 percent less than the total 2000 reported median, with a their median reported to be $41,478.

The poverty rate in the Austin-Round Rock, TX Metro has increased by 2.1 percent from the rates reported in the Decennial Census, moving from 11.1 percent to 13.2 percent.

When put side-by-side with other Metros throughout the United States, the Austin-Round Rock metro area can be considered to have a medium-low poverty rate amid the residents with a poverty rate of 11.1 percent of people living in a family with an income below the poverty level in 1999. The Hispanic race/ethnicity demographic group, represents the largest rate of poverty with 18.1 percent of the people in 2000 living in poverty. The population that is aged 5 years have the largest percent of population in poverty in Austin-Round Rock, accounting 13.7 percent of this age group in the area living in poverty.

Compared to other MSAs throughout the nation, the Austin-Round Rock metro area reported a relatively high median income for households of $57,272 (2005 Dollars). The income level is 18.4 percent higher than the median income in State of &statename of $46,715 and the median household income is 14.2 percent higher than the median in the US, which is $49,133.

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