We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for Banner Elk. The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more. Half of the people in the group make more than the median income, and half make less. In simple terms, the median income is the middle income of a group of people. The latest median household income of Banner Elk, North Carolina is $58,333.00. For example, an increasing median age indicates an aging population, which can be a sign of a declining population in terms of birth rates and workforce participation. This can then be used to infer and compare against birth rates, parent ages, and more metrics to understand the population. The median age of Banner Elk, North Carolina gives you an idea of the age distribution, with half of the population being older than the median age and half being younger. For example, we can see how the population has changed over the last 5 years by median age as a total, and also by male and female. The age and gender of a population is another interesting demographic statistic because it lets us track trends in the population over time. Population of Banner Elk, North Carolina by Age and Gender Note that the Native group includes both Native American and Alaskan Native people. This data can be very important for a number of reasons, including social and economic research, planning and development, and marketing to a multi-cultural population.
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