Morven, GA Income

The inflation-adjusted median household income in Morven was $16,630, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$16,630
Median household income
0.6206
Gini coefficient
65 years and over ($19,254)
Highest median income age group
$142,992
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

Age of householder

Per the latest American Community Survey by the Census Bureau, Morven sees its highest median household income among householders in the age group of 65 years and over old, at $19,254. Here are the key highlights for income distribution by age:

  • In terms of income distribution across age cohorts, in Morven, where there exist only two delineated age groups, the median household income is $19,254 for householders within the 65 years and over age group, compared to $2,701 for the 25 to 44 years age group.
  • Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $594(2.99%), declining from a median of $19,848 in 2011 to $19,254 in 2021.
  • 0 households where the householder is under 25 years old.
  • 60(23.81%) households with a householder aged between 25 and 44 years.
  • 127(50.40%) households with a householder aged between 45 and 64 years.
  • 65(25.79%) households where the householder is over 65 years old.
The bar chart shows Morven, GA median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
Morven, GA median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Morven, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

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Gender

In Morven, the population consists of 325 males (43.39%) and 424 females (56.61%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Morven, while the Census reported a median income of $17,046 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
  • However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $17,645 for females, while data for males was unavailable due to an insufficient number of sample observations.
  • In Morven, while the Census reported a median income of $17,046 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
  • In Morven, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $17,645 for females, while data for males was unavailable due to an insufficient number of sample observations.
Line chart showing the annual median income trends in Morven, GA for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Morven, GA gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

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Race

In Morven, the population is predominantly Black or African American, constituting 59.55% of the total residents. Here are the key highlights from the analysis of income distribution by race:

  • The median household income for Black or African American households is not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
  • In Morven, despite the Black or African American population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that White households actually reports the highest median household income, with a median income of $8,310. This reveals that, while Black or African Americans may be the most numerous in Morven, White households experience greater economic prosperity in terms of median household income.
  • In Morven, the median household income for the households where the householder is White decreased by $48,134(85.28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,444 in 2011 and $8,310 in 2021.
  • In Morven, the median household income for Black or African American households was $17,816 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
The bar chart shows Morven, GA median household income across all racial categories identified by the U.S. Census Bureau.
Morven, GA median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

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Year by year

Morven, GA median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Morven decreased by $24,090 (59.16%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
  • The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 8,986 (from $22,360 to $31,346). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 12,596 (from $29,226 to $16,630).
  • It then further decreased to 2,701 for 3-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.6206, it is evident that income distribution in Morven, GA exihibits characterstics of high inequality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $0. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $16,611.
The line chart shows Morven, GA median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Morven, GA median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

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References

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Morven, GA Demographics

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Median household income of places that contain Morven (in 2022 dollars)
Median household income of nearby cities (in 2022 dollars)

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Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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