Income

Household Income (HHI)

Median HHI - $46,604

With a Median Household Income of $46,604 the Greenwood-Greenville, MS Market ranks 167th across STI Markets.

Average HHI - $69,162

The Average Household Income is $69,162 for which this market ranks 165th.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the Greenwood-Greenville, MS market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 38: Income Distribution Line

Income Inequality - High

The distribution of Household Income in the Greenwood-Greenville, MS market can be considered High with a Gini coefficient of 0.489. This market ranks 1st in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $46,855 and $74,713, respectively.

Figure 39: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 40: Income Distribution Line

HHI Age under 25 - $53,033

With an Average Household Income for those head of householders aged under 25 of $53,033 the Greenwood-Greenville, MS market ranks 109th across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $70,924

With an Average Household Income for those head of householders aged 25 to 45 of $70,924 the Greenwood-Greenville, MS market ranks 166th across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $75,990

With an Average Household Income for those head of householders aged 45 to 65 of $75,990 the Greenwood-Greenville, MS market ranks 165th across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $61,684

With an Average Household Income for those head of householders aged 65 and over of $61,684 the Greenwood-Greenville, MS market ranks 156th across STI Markets.

Figure 44: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 45: Income Distribution Line

HHI White - $91,850

With an Average Household Income for those head of householders Non-Hispanic White of $91,850 the Greenwood-Greenville, MS market ranks 117th across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $49,754

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $49,754 the Greenwood-Greenville, MS market ranks 164th across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $105,942

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $105,942 the Greenwood-Greenville, MS market ranks 92nd across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $70,552

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $70,552 the Greenwood-Greenville, MS market ranks 150th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $78,854

With an Average Household Income for those head of householders identifying as Hispanic of $78,854 the Greenwood-Greenville, MS market ranks 113th across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $56,208

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $56,208 which ranks 165th across STI Markets.

This is a drop of $12,953, or 18.73%, overall this percentage drop ranks 138th across STI Markets.

Figure 51: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $39,426

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $39,426 which ranks 166th across STI Markets.

This is a drop of $29,736, or 42.99%, overall this percentage drop ranks 87th across STI Markets.

Figure 52: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing