![]() ![]() The median age is an interesting metric because it gives us an idea of the age distribution of people in Norco, California. The unemployment rate in Norco is 4.10%, which means 9,746 people are unemployed. The current population in Norco that are over the age of 16 is 21,833 people. The unemployment rate is calculated using the total population in Norco, California that are over the age of 16. It also makes the government in Norco look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong. Lower levels of unemployment is generally seen as a positive sign for the economy. The unemployment rate is a very important statistic for Norco because it can show how many people are actively looking for work and how many people are unable to find a job. The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The chart below breaks down the population and percentage for each race and ethnicity in Norco, California. Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas. The race and ethnicity of the population in Norco can be very important for social research, economics, and marketing to a multi-culturial society. The total population in Norco is currently 26,176 people. Population in Norco by Race and Ethnicity The per capita income in Norco, California is $36,673.00. It differs from the average or mean household income because it includes all people in Norco and not just the people who earn an income (i.e. This is calculated by dividing the total income of all people in Norco by the total number of people in Norco. The per capita income is the average income of all people in Norco, California. You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Norco, California easier to view. The chart below shows the household income brackets to see which age groups have the highest median income. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households. We can also look at the household income tiers. The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.īoth metrics are important when looking at the income statistics for Norco but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high. The difference between a median and an average income ![]()
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