Median Household Income in Coleharbor, ND (2010-2021, in 2022 inflation-adjusted dollars)
Below, you will find a table illustrating the median household income in Coleharbor, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars.
Year | Median Household Income | YOY Change($) | YOY Change(%) |
---|---|---|---|
2010 | 54,908 | - | - |
2011 | 54,566 | -342 | -0.62% |
2012 | 56,618 | 2,052 | 3.76% |
2013 | 54,625 | -1,993 | -3.52% |
2014 | 44,987 | -9,638 | -17.64% |
2015 | 35,618 | -9,369 | -20.83% |
2016 | 45,101 | 9,483 | 26.62% |
2017 | 35,629 | -9,472 | -21.00% |
2018 | 37,264 | 1,635 | 4.59% |
2019 | 63,152 | 25,888 | 69.47% |
2020 | 61,048 | -2,104 | -3.33% |
2021 | 60,261 | -787 | -1.29% |
TABLE OF CONTENTS
Coleharbor, ND median household income trends: 2010 to 2021
From 2010 to 2021, the median household income for Coleharbor increased by $5,353 (9.75%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.
Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 4 years and declined for 7 years.
![Coleharbor, ND median household income trend (2010-2021, in 2022 inflation-adjusted dollars) The line chart shows Coleharbor, ND median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.](https://i.neilsberg.com/ch/coleharbor-nd-median-household-income-trend.jpeg)
The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 25,888 (from $37,264 to $63,152). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 9,638 (from $54,625 to $44,987).
In North Dakota, among cities with populations of fewer than 5,000 residents, Coleharbor ranks 157th out of 244 for median household income. This rank indicates that it falls within the middle-income range of small cities within the state of North Dakota.
Things to know
What is the Gini index for Coleharbor, ND?
As per the Census Bureau, the Gini coefficient for Coleharbor is 0.4568. With this value of Gini coefficient, it is evident that income distribution in Coleharbor exihibits characterstics of moderate inequality .
This level of Gini coefficient suggests noticeable variations in income distribution across households, with certain segments of the population holding a larger share of income compared to others in Coleharbor.
It also implies that efforts may be needed to enhance economic fairness and reduce the gap between income groups in Coleharbor
What is the median household income in Coleharbor, ND?
As per the latest data available from American Community Survey, the median household income for Coleharbor is $60,261 (in 2022 inflation-adjusted dollars). The next release from the Census is scheduled for Dec 7, 2023. This income is 80.77% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
How does Coleharbor, ND median household income compare to the rest of the United States?
In North Dakota, among cities with populations of fewer than 5,000 residents, Coleharbor ranks 157th out of 244 for median household income. This rank indicates that it falls within the middle-income range of small cities within the state of North Dakota.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)