Age of householder
Per the latest American Community Survey by the Census Bureau, Gary City sees its highest median household income among householders in the age group of 45 to 64 years old, at $68,908. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Gary City only reports a median household income of $68,908 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $27,842(67.80%), escalating from a median of $41,066 in 2011 to $68,908 in 2021.
- 5(4.85%) households where the householder is under 25 years old.
- 27(26.21%) households with a householder aged between 25 and 44 years.
- 18(17.48%) households with a householder aged between 45 and 64 years.
- 53(51.46%) households where the householder is over 65 years old.
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Gender
In Gary City, the population consists of 130 males (49.43%) and 133 females (50.57%). Here are the primary highlights from the gender-based income distribution analysis:
- In Gary City, the median income for all workers aged 15 years and older, regardless of work hours, was $22,827 for males and $28,374 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $49,317 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Gary City, the median income for all workers aged 15 years and older, regardless of work hours, was $22,827 for males and $28,374 for females.
- In Gary City, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $49,317 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Gary City, the population is predominantly White, constituting 82.89% 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 $36,144.
- In Gary City, White is both the largest group and the one with the highest median household income, which stands at $36,144.
- In Gary City, the median household income for the households where the householder is White decreased by $36,318(50.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $72,462 in 2011 and $36,144 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Gary City, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Gary City decreased by $34,751 (48.67%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2013 to 2014, when the median household income increased by 12,646 (from $68,167 to $80,813). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 25,525 (from $62,195 to $36,670).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4586, it is evident that income distribution in Gary City, TX exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $66,156.
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