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The total population of Gate City is estimated to be 1,910 with 897 males (46.96%) and 1,013 females (53.04%). There are 116 more females than males in Gate City.
The median household income in Gate City was $39,748 in 2021, which marked an an increase of 226(0.57%) from $39,522 in 2020. This income is 53.28% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Gate City sees its highest median household income among householders in the age group of 25 to 44 years old, at $57,469. Overall, the median household income for the town of Gate City stands at $39,748.
In Gate City, the median income for all workers aged 15 years and older, regardless of work hours, was $33,518 for males and $22,100 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $62,544 for males and $50,852 for females.
In Gate City, population is primarily represented by White households, reporting a median income of $39,717.
In 2022, the population of Gate City was 2,030, a 0.15% decrease year-by-year from 2021. Previously, in 2021, Gate City's population was 2,033, a decline of 0.59% compared to a population of 2,045 in 2020.
The median age in Gate City, VA is 46.6, as per 2021 ACS 5-Year Estimates. Of the total population, 15.30% were under the age of 15, 15.62% aged 15 to 29, 41.61% aged 30 to 64, 23.38% aged 65 to 84, and 4.09% were 85 years of age and older.
Racial distribution of Gate City population: 98.48% are White, 0.52% are Black or African American and 1% are multiracial.