Age of householder
Per the latest American Community Survey by the Census Bureau, Gary sees its highest median household income among householders in the age group of 65 years and over old, at $33,272. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Gary, where there exist only two delineated age groups, the median household income is $33,272 for householders within the 65 years and over age group, compared to $29,425 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $8,156(32.47%), escalating from a median of $25,116 in 2011 to $33,272 in 2021.
- 5(1.71%) households where the householder is under 25 years old.
- 48(16.38%) households with a householder aged between 25 and 44 years.
- 160(54.61%) households with a householder aged between 45 and 64 years.
- 80(27.30%) households where the householder is over 65 years old.
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Gender
In Gary, the population consists of 344 males (41.35%) and 488 females (58.65%). Here are the primary highlights from the gender-based income distribution analysis:
- In Gary, the median income for all workers aged 15 years and older, regardless of work hours, was $21,974 for males and $25,199 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $37,709 for males and $35,580 for females.
- In Gary, the median income for all workers aged 15 years and older, regardless of work hours, was $21,974 for males and $25,199 for females.
- In Gary, among full-time, year-round workers aged 15 years and older, males earned a median income of $37,709, while females earned $35,580, resulting in a 6% gender pay gap among full-time workers. This illustrates that women earn 94 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 Gary.
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Race
In Gary, the population is predominantly White, constituting 64.90% 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 $39,749.
- In Gary, White is both the largest group and the one with the highest median household income, which stands at $39,749.
- In Gary, the median household income for the households where the householder is White increased by $3,381(9.30%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $36,368 in 2011 and $39,749 in 2021.
- In Gary, the median household income for the households where the householder is Black or African American increased by $1,493(6.09%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $24,517 in 2011 and $26,010 in 2021.
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Year by year
Gary, WV median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Gary increased by $3,384 (10.63%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 7,865 (from $29,147 to $37,012). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 7,540 (from $36,687 to $29,147).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4295, it is evident that income distribution in Gary, WV exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,481.
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