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households in the local area had disposable cash incomes, after taxes, of $5.000 or more in the past year
The proportion of families with net incomes over $5,000 was greater than was reported for previous years. In 1960 the proportion was 31.8 percent.
The increase, 9.1 percent, was more than the 6.6 percent rise in the United States as a whole. The
jState of Virginia had a 8.9 percent rise. . ■
! Since the survey took into i account only cash income, farm ! families do not appear to their best advantage, as no allowances were made for the lower living costs on the farm.
The Rappahannock County breakdown gives the position of each group of local families on the income ladder. It lists 23.7 percent of them on the $5,000 to $8,000 rung. 10 1 percent at the SS.OOn w, • 1 ,'H>! ri) |t.\el and 7.1 percent above $10,000 Tile remainder are below $5,000.
N a t i o n a 11 \ . aceo rding to Commerce Department figures, the median income of families rose 0 i percent during the past year However, since consumer price, rose 5 I percent, the real gam in tuniiiv purchasing power was about 3.9 percent
54.2%