Economy / Median Household Income

 

Median Household Income

 

Access to adequate financial resources is necessary for economic self-sufficiency; median household income is an indicator of the financial resources available to middle-income households. Median household income refers to the specific income level that is below the highest-earning 50% of households and above the lowest-earning 50% of households. Because income is closely tied to poverty, the Census Bureau and other studies use household income to determine poverty status.1,2

When determining median income by age and race/ethnicity, this indicator only considers the age and race/ethnicity of the householder, who is the individual who filled out the Census Bureau’s American Community Survey.

The data dashboard below shows current and recent trend data for median household income in Forsyth County.

Dashboard: Median Household Income

Understanding Median Household Income Spatially

The map below visualizes the median household income by census tract across Forsyth County.

Key Point: Annual Median Household Income Generally Increasing

  • Forsyth County has seen a general increase in median income when comparing 2012 and 2017 estimates.

Key Point: Disparities Present in Median Household Income by Age

  • The median household income for households headed by younger residents, ages 15-24, is similar to those headed by older residents ages 65 and older.
  • Residents between the ages 45 and 64 have the highest median household income.

Key Point: Disparities Present in Median Household Income by Race/Ethnicity

  • The median household income for White, non-Hispanic residents is almost twice the median household income of African American and Hispanic/Latino residents.
  • The difference in median household income between African American and Hispanic/Latino residents is not significant for any year except 2008.
  • While adjusting for inflation, the median household income for White, non-Hispanic residents has remained fairly stable from 2006 to 2017.
Notes on Data

If you are interested in using data from this report for rigorous purposes, please contact info@forsythfutures.org for a consultation on how best to proceed.

Literature References
  1. Kushel, M., Gupta, R., Gee, L., & Haas, J. (2006). Housing instability and food security as barriers to health care among low-income Americans. Journal of General Internal Medicine, 21(1), 71-77. doi: 1111/j.1525-1497.2005.00278.x
  2. S. Census Bureau, Poverty thresholds by size of family and number of children. (2017). Retrieved from https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-poverty-thresholds.html
Data Sources

U.S. Department of Commerce. (2018). Median income in the past 12 months: Table S1903 [ Data files from ACS 1-year estimates for the year 2017]. Retrieved from https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ACS_17_1YR_S1903&prodType=table

U.S. Department of Commerce. (2017). Median earnings in the past 12 months (in 2017 inflation-adjusted dollars) by sex by work experience in the past 12 months for the population 16 years and over with earnings in the past 12 months: Table B20017 [ Data files from ACS 1-year estimates for the year 2017]. Retrieved from https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ACS_17_1YR_B20017&prodType=table