Thursday, January 11, 2007

Income and Poverty in Charlottesville, VA

As the median income level saw a decline from 2000 to 2005 in the Charlottesville, VA metro area, the Race/Ethnicity category that felt the biggest decline in median household income was the Asian category. This group felt a decline of 45.9 percent from 2000 to 2005. The Asian Race/Ethnicity category has been least effected by the income level decline in Charlottesville, seeing a 45.9 percent decline in median household income from 2000 to 2005.

Contrasted against to other Metropolitan Areas throughout the US, the Charlottesville metro area can be recognized as having a medium-low rate of poverty among the people, accounting a rate of 11.5 percent with a family income under the 1999 poverty level. The Asian race/ethnicity population category, holds the highest rate of poverty with 23.8 percent of the people in 2000 living in poverty. The population that is aged 18 to 64 years have the most percent of people living in poverty in Charlottesville, with 13.2 percent of the population in this age category living in poverty.

The median household income in the area has declined from the 2000 values (inflation adjusted). The median income has decreased to $47,543, which represents a 8.4 percent decline. The Charlottesville, VA MSA, when comparing total percent of decline, ranks 2 of 5 metro area in percent of decline for median household income in the State of &statename. Charlottesville ranks 110 of 233 metro area when analyzing the decline in household income across the nation.

The American Indian and Alaska Native headed households in Charlottesville reported a median household income of $41,880, this median was 19.3 percent less than the median for all households. Black or African American headed households had median income levels that were 33.1 percent less than the total 2000 reported median, with a their median reported to be $34,709. It was reported in 2000 that the Asian headed households had median household incomes of $41,058. This median is 20.9 percent less than the reported median household income for all households in the area. In Charlottesville, VA White householders had a median income (2005 Dollars) of $55,345 as reported in 2000 by the census, which was 6.6 percent greater than the median in the year 2000. Hispanic households in Charlottesville, VA , according to the 2000 census, had a median household income of $41,416, this median household income is 20.2 percent less than the areas median income level for all households.

When compared to other Metro Areas throughout the United States, the Charlottesville metro area reported a relatively high median income for all households of $51,897 (Adjusted to 2005 Dollars). This is 5.2 percent lower than the median in &statename of $54,612 and the income level is 5.3 percent higher than the median household income in the United States of $49,133.

The rate of poverty in the Charlottesville, VA Metro has increased by 2.0 percent from the levels reported in the Decennial Census of 2000, moving from 11.5 percent to 13.5 percent.

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