Bristol TN 2013 family incomes decline from 2008 levels


By DON FENLEY

Bristol, TN overall family incomes have declined since the Great Recession, according to a comparison of 2013 v. 2008 Census data.

Some income groups have increased and some have declined since the recession. Gains and losses were evenly split (5 up and 5 down) among the 10 income ranges Census uses to track incomes.

Adjusted for inflation with the Bureau of Labor Statistics Inflation Calculator, the 2013 median family income would have needed to increase to $54,776 to keep the buying power it had in 2008.

Adjusted for inflation the 2013 average family income would have had to increase to $70,533 to have the same buying power it did in 2008.

Here’s how the unadjusted incomes stack up in the comparison:

FAMILY INCOME 2013 2008   CH
Median income $48,065 $50,625 -5.1%
Mean income $61,069 $65,188 -6.3%
Per Capita $21,033 $23,335 -9.9%

Here’s how family incomes look across the 10 Census categories:

FAMILY INCOME CH
      Less than $10,000 44.4%
      $10,000 to $14,999 24.0%
      $15,000 to $24,999 -32.8%
      $25,000 to $34,999 39.6%
      $35,000 to $49,999 -15.3%
      $50,000 to $74,999 -17.2%
      $75,000 to $99,999 8.5%
      $100,000 to $149,999 -13.3%
      $150,000 to $199,999 26.8%
      $200,000 or more -53.2%

Comparison was made using  the American Community Survey 2013 3-year survey with the 3-year study from 2008.

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