Core Indicator: Median Income

Access to adequate financial resources is necessary for economic self-sufficiency, and median 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.

Dashboard: Median Income in Forsyth County

Trend: Forsyth County and Peer Communities

Figure 1: Median Household Income in Forsyth County as Compared to Peer Communities, 2006-2016

Forsyth County and Peer Communities

Figure 2: Median Household Income in Forsyth County as Compared to Peer Communities, 2016

Bars of lighter color indicate no significant difference compared to Forsyth County.


Median Household Income by Age



Figure 3: Median Household Income by Age in Forsyth County, 2016

Data for 15-to-24-year-old residents have a high level of variance and should be interpreted with caution.


Median Household Income by Race

Figure 4: Median Household Income by Race/Ethnicity in Forsyth County, 2016

The median household income of African American and Hispanic/Latino residents is not significantly different.





Median Household Income by Location

Figure 5: Median Household Income in Forsyth County by Census Tract, 2011-2015

Data for individual census tracts can have high margins of error, which sometimes happens when measuring relatively small groups.  This map is intended to help identify patterns at a high level; please contact Amanjot Kaur at Forsyth Futures for data on specific census tracts.

Extended Analysis: Median Income in Forsyth County

Core Concepts
  • The median household income in Forsyth County is not significantly different from most peer communities.
  • The median household income for households headed by younger residents, ages 15-24, and minorities is lower than older residents and White, non-Hispanics.
Figure 1: Median Household Income in Forsyth County as Compared to Peer Communities, 2006-2016
  • Figure 1 shows that while the median household income, when controlling for inflation, was higher in 2008 than in 2011 and 2012, it remained fairly stable from 2006-2016.
  • The median household income in Forsyth County was not significantly different from most of the peer communities during this time period.
Figure 2: Median Household Income in Forsyth County and Peer Communities, 2016
Figure 2 shows that the median household income in Forsyth County is not significantly different from most of the peer communities.

Bars of lighter color (including North Carolina) indicate no significant difference compared to Forsyth County.

Figure 3: Median Household Income by Age in Forsyth County, 2016
  • As shown in Figure 3, the median household income for households headed by younger residents, ages 15-24, is lower than that of those headed by any other age group.
  • The median household income for residents generally increased with the age, but dropped for residents 65 years and older.
Data for 15-to-24-year-old residents have a high level of variance and should be interpreted with caution.
Figure 4: Median Household Income by Race/Ethnicity in Forsyth County, 2016
As shown in Figure 4, the median household income for White, non-Hispanic residents is almost twice the median household income of African American and Hispanic/Latino residents. However, the median household income of African American and Hispanic/Latino residents is not significantly different.

Figure 5: Median Household Income by Census Tract, 2011-2015
Figure 5 shows that median household incomes are highest just north of Business 40 in western Winston-Salem. Households near Highway 52 in central Winston-Salem have lower median household income than other parts of the county.

Data for individual census tracts can have high margins of error, which sometimes happens when measuring relatively small groups.  This map is intended to help identify patterns at a high level; please contact Amanjot Kaur at Forsyth Futuresfor data on specific census tracts.

Amanjot Kaur MPH, CPH
Amanjot Kaur is a Data and Research Analyst with Forsyth Futures. She performs scientific analysis with existing data, as well as reviews and analyzes evidence pertaining to Forsyth County community issues. She holds a Master's in Public Health with a concentration in Epidemiology from the University of North Texas Health Science Center, Texas and a Bachelor’s degree in Pharmacy. In her free time, Amanjot loves going on adventures.
If you have questions or comments about the data presented in this section, please contact Amanjot Kaur at Amanjot@ForsythFutures.org or by phone at 336.701.1700 ext. 109.

References

Literature References


  1. U.S. Department of Commerce. (2015). How the Census Bureau measures poverty. Retrieved from http://www.census.gov/hhes/www/poverty/about/overview/measure.html
  2. Beverly, S. (2001). Material hardship in the United States: Evidence from the survey of income and program participation. Social Work Research, 25(3), 143-151. Retrieved from http://www.jstor.org/stable/42659462

Tabular References

Figures 1-4:  U.S. Department of Commerce. (2017). Median income in the past 12 months: Table S1903 [ Data files from ACS 1-year estimates for the year 2016]. Retrieved from https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ACS_16_1YR_S1903&prodType=table
Figure 5: U.S. Department of Commerce. (2016). Median income in the past 12 months: Table S1903 [ Data files from ACS 5-year estimates for the year 2011-2015]. Retrieved from https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ACS_15_5YR_S1903&prodType=table