Gender
In Cranston, the population consists of 41,598 males (50.33%) and 41,056 females (49.67%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cranston, the median income for all workers aged 15 years and older, regardless of work hours, was $51,372 for males and $36,547 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $69,948 for males and $63,223 for females.
- In Cranston, the median income for all workers aged 15 years and older, regardless of work hours, was $51,372 for males and $36,547 for females.
- In Cranston, among full-time, year-round workers aged 15 years and older, males earned a median income of $69,948, while females earned $63,223, resulting in a 10% gender pay gap among full-time workers. This illustrates that women earn 90 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the city of Cranston.
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Race
In Cranston, the population is predominantly White, constituting 74.96% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $78,289.
- In Cranston, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $123,034. This reveals that, while Whites may be the most numerous in Cranston, Asian households experience greater economic prosperity in terms of median household income.
- In Cranston, the median household income for the households where the householder is White increased by $4,807(6.54%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $73,482 in 2012 and $78,289 in 2022.
- In Cranston, the median household income for Black or African American households was $54,194 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
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Year by year
Cranston, RI median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cranston increased by $5,234 (6.70%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 5,202 (from $77,489 to $82,691). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 3,231 (from $76,059 to $72,828).
- It then further decreased to 34,453 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4322, it is evident that income distribution in Cranston, RI exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $108,189. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $47,929.
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