Median Household Income by Racial Categories in Gaston, NC , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Gaston, based on the latest 5-Year estimates from the American Community Survey , when adjusted for the inflation.
| Race Of The Head Of Household | Median Household Income |
|---|---|
| White | $37,083 |
| Black or African American | $45,842 |
| Two or More Races | $39,167 |
TABLE OF CONTENTS
Gaston, NC median household income diversity
Based on our analysis of the distribution of Gaston population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 60.53% of the total residents in Gaston. Notably, the median household income for Black or African American households is $45,842.
Interestingly, Black or African American is both the largest group and the one with the highest median household income, which stands at $45,842.
For a better visual representation of these income disparities, take a look at the bar chart below. It illustrates the varying median household incomes across races, providing a clear comparison for each of the racial categories defined by the U.S. Census Bureau. All incomes have been adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
As we explore median household incomes in Gaston, we observe that Black or African American households report a median income of about $45,842, Two or More Races households report a median income of about $39,167 and White households earn roughly $37,083. These differences shed light on the income distribution within the town of Gaston.
Gaston, NC median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Gaston, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Gaston.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Gaston, the median household income for the households where the householder is White decreased by $3,315(8.21%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $40,398 in 2013 and $37,083 in 2023.
- Black or African American: In Gaston, the median household income for the households where the householder is Black or African American increased by $10,740(30.60%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $35,102 in 2013 and $45,842 in 2023.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Gaston, indicates a lack of households led by American Indian and Alaska Native individuals. As a result, the median household income for the American Indian and Alaska Native population is not available.
- Asian: Even though there is a population where the householder is Asian, there was no median household income reported by the U.S. Census Bureau for both 2013 and 2023.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Gaston, there are no households with Native Hawaiian and Other Pacific Islander householders. Consequently, the median household income for the Native Hawaiian and Other Pacific Islander population is not available.
- Some other race: Even though there is a population where the householder is Some other race, there was no median household income reported by the U.S. Census Bureau for both 2013 and 2023.
- Two or more races (multiracial): In Gaston, there was no reported median household income for multiracial households in 2013. However, in 2023, the median household income increased to $39,167, marking a significant change.
- Above analysis reconfirms that there are 3 race households in Gaston. Households are categorized based on the self-identified race of the head of household.
Gaston median household income by race betwen 2013 and 2023
Explore the evolution of median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau. This table showcases the annual income trends, from 2013 to 2023, providing insights into the economic shifts within diverse racial communities.
| Race Of The Head Of Household | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $48,470 | $49,155 | $42,728 | $40,398 | $43,612 | $48,213 | $55,458 | $55,727 | $54,538 | $46,904 | $38,641 | $36,579 | $37,129 | $37,083 |
| Black or African American | $23,833 | $30,634 | $29,971 | $35,102 | $42,704 | $27,852 | $33,033 | $34,098 | $31,837 | $34,074 | $39,893 | $40,583 | N/A | $45,842 |
| Two or More Races | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $39,167 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Gaston, NC?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Black or African American householders in Gaston have the highest median household income at $45,842.
How does the median household income vary by race in Gaston, NC?
In Gaston, the median household income As we explore median household incomes in Gaston, we observe that Black or African American households report a median income of about $45,842, Two or More Races households report a median income of about $39,167 and White households earn roughly $37,083. These differences shed light on the income distribution within the town of Gaston..
Which racial group has the lowest median household income according to the Census Bureau in Gaston, NC?
Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2019-2023 5-Year Estimates, households headed by individuals identifying as White in Gaston exhibit the lowest median household income at $37,083 among the identified racial categories.
What is the median household income for White households in Gaston, NC?
In Gaston, the median household income for the households where the householder is White decreased by $3,315(8.21%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $40,398 in 2013 and $37,083 in 2023.
What is the median household income for Black or African American households in Gaston, NC?
In Gaston, the median household income for the households where the householder is Black or African American increased by $10,740(30.60%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $35,102 in 2013 and $45,842 in 2023.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)
