Income and Poverty in Collin County, Texas
The areas median household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $70,784, which represents a 14.6 percent decline. Collin County, Texas, when analyzing percentage of decline, ranks 11 of 46 counties in percent of decline for income levels in the State of Texas. Collin County ranks 59 of 668 counties (or parishes) when comparing the decline in median income in the US.
Contrasted against to other counties (or parishes) throughout the US, Collin County, Texas can be understood to have a very low poverty rate amongst the population, with a poverty rate of 4.9 percent of the individuals existing in families with incomes under the poverty level in 1999. The Hispanic race/ethnicity demographic group, represents the largest rate of poverty with 14.7 percent of the 2000 population living in poverty. People that are of the age 75 years and over have the most percent of people living in poverty in Collin County, reporting 10.2 percent of the population in this age category living in poverty.
When compared to other counties (and parishes) throughout the United States, Collin County was reported to have a very high median income for households of $82,877 (2005 Dollars). The income level is 43.6 percent higher than the median in State of Texas of $46,715 and the median is 40.7 percent higher than the median household income in the United States of $49,133.
The poverty rate in Collin County, Texas has increased by 1.3 percent since the amounts published in 2000, moving from 4.9 percent to 6.2 percent.
As the median income level saw a decline from 2000 to 2005 in Collin County, Texas, the Race/Ethnicity group that experienced the largest decline in median household income was the American Indian and Alaska Native category. This category saw a decline of 45 percent since 2000. The White Race/Ethnicity group has been least impacted by the median income decline in Collin County, encountering a 12.7 percent decline in median household income from 2000 to 2005.
Black or African American householders reported a median household income that was 23.4 percent less than the overall median reported in 2000, with a reported median of $63,450. The American Indian and Alaska Native headed households in Collin County had a median income of $57,656, this median was 30.4 percent less than the areas median level for all households. Hispanic headed households in Collin County, Texas , as reported in 2000, had a median household income of $54,781, which is 33.9 percent less than the areas median income level for all households. In Collin County, Texas White headed households reported household income (in 2005 Dollars) of $84,761 according to the Decennial Census of 2000, which was 2.3 percent greater than the median household income in 2000. It was reported in 2000 that the Asian headed households had median household incomes of $91,898. This median income level is 10.9 percent greater than the all households reported median in the area.
Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.
Contrasted against to other counties (or parishes) throughout the US, Collin County, Texas can be understood to have a very low poverty rate amongst the population, with a poverty rate of 4.9 percent of the individuals existing in families with incomes under the poverty level in 1999. The Hispanic race/ethnicity demographic group, represents the largest rate of poverty with 14.7 percent of the 2000 population living in poverty. People that are of the age 75 years and over have the most percent of people living in poverty in Collin County, reporting 10.2 percent of the population in this age category living in poverty.
When compared to other counties (and parishes) throughout the United States, Collin County was reported to have a very high median income for households of $82,877 (2005 Dollars). The income level is 43.6 percent higher than the median in State of Texas of $46,715 and the median is 40.7 percent higher than the median household income in the United States of $49,133.
The poverty rate in Collin County, Texas has increased by 1.3 percent since the amounts published in 2000, moving from 4.9 percent to 6.2 percent.
As the median income level saw a decline from 2000 to 2005 in Collin County, Texas, the Race/Ethnicity group that experienced the largest decline in median household income was the American Indian and Alaska Native category. This category saw a decline of 45 percent since 2000. The White Race/Ethnicity group has been least impacted by the median income decline in Collin County, encountering a 12.7 percent decline in median household income from 2000 to 2005.
Black or African American householders reported a median household income that was 23.4 percent less than the overall median reported in 2000, with a reported median of $63,450. The American Indian and Alaska Native headed households in Collin County had a median income of $57,656, this median was 30.4 percent less than the areas median level for all households. Hispanic headed households in Collin County, Texas , as reported in 2000, had a median household income of $54,781, which is 33.9 percent less than the areas median income level for all households. In Collin County, Texas White headed households reported household income (in 2005 Dollars) of $84,761 according to the Decennial Census of 2000, which was 2.3 percent greater than the median household income in 2000. It was reported in 2000 that the Asian headed households had median household incomes of $91,898. This median income level is 10.9 percent greater than the all households reported median in the area.
Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.
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