Rural incomes decline considerably in last decade

    
 

Wednesday, Feb 29 2012 5:58PM

The Southern Rural Development Center reports that median household incomes fell 6.9 percent to $43,068 in 2010, down from $46,039 in 2000 and households in both rural and urban areas as well as those in small cities all showed declines between 2000 and 2010.

The Southern Rural Development Center reports that median household incomes fell 6.9 percent to $43,068 in 2010, down from $46,039 in 2000 and households in both rural and urban areas as well as those in small cities all showed declines between 2000 and 2010.

The Southern Rural Development Center reports that median household incomes fell 6.9 percent to $43,068 in 2010, down from $46,039 in 2000 and households in both rural and urban areas as well as those in small cities all showed declines between 2000 and 2010.

According to the the data, the median family income in rural counties fell by 4.9 percent to $38,715 from $40,621 noted in 2000. Despite being down, the Center reports that the median income in rural counties fell less than in cities, narrowing the gap in household income between urban and rural communities.

Additionally, the median family income in rural counties was 77.7 percent of that in cities, up from 2000 when it was just 75.3 percent of family incomes in urban areas.

The median income for those living in urban counties decreased to $49,847 from the start of the decade when the median was $53,946. The average median family income in small cities also experienced similar percentage declines of those seen in the cities as the average fell to $41,209 in 2010 from $44,569 in 2010.

For further information, check out this source: Daily Yonder

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