Median Household Income in Landa, ND (2010-2021, in 2022 inflation-adjusted dollars)
Below, you will find a table illustrating the median household income in Landa, 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 | 9,839 | - | - |
2011 | 9,588 | -251 | -2.55% |
2012 | 61,372 | 51,784 | 540.09% |
2013 | 64,662 | 3,290 | 5.36% |
2014 | 59,982 | -4,680 | -7.24% |
2015 | 52,136 | -7,846 | -13.08% |
2016 | 51,641 | -495 | -0.95% |
2017 | 50,067 | -1,574 | -3.05% |
2018 | 51,564 | 1,497 | 2.99% |
2019 | 52,900 | 1,336 | 2.59% |
2020 | 52,585 | -315 | -0.60% |
2021 | 53,274 | 689 | 1.31% |
TABLE OF CONTENTS
Landa, ND median household income trends: 2010 to 2021
From 2010 to 2021, the median household income for Landa increased by $43,435 (441.46%), 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 5 years and declined for 6 years.
The most significant year-by-year growth occured from 2011 to 2012, when the median household income increased by 51,784 (from $9,588 to $61,372). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 7,846 (from $59,982 to $52,136).
In North Dakota, among cities with populations of fewer than 5,000 residents, Landa ranks 187th out of 244 for median household income. This rank indicates that it falls within the lower-income range of small cities within the state of North Dakota.
Things to know
What is the Gini index for Landa, ND?
As per the Census Bureau, the Gini coefficient for Landa is 0.1907. With this value of Gini coefficient, it is evident that income distribution in Landa exihibits characterstics of high equality .
This also implies that the majority of households in Landa enjoy fairly equitable access to income resources, resulting in a more even economic landscape.
What is the median household income in Landa, ND?
As per the latest data available from American Community Survey, the median household income for Landa is $53,274 (in 2022 inflation-adjusted dollars). The next release from the Census is scheduled for Dec 7, 2023. This income is 71.41% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
How does Landa, 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, Landa ranks 187th out of 244 for median household income. This rank indicates that it falls within the lower-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)