Grace City, ND Income

The inflation-adjusted median household income in Grace City was $47,830, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$47,830
Median household income
0.5339
Gini coefficient
** (N/A)
Highest median income age group
$NA
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

TABLE OF CONTENTS

Gender

In Grace City, the population consists of 45 males (66.18%) and 23 females (33.82%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Grace City, while the Census reported a median income of $46,479 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
  • However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,046 for males and $51,343 for females.
  • In Grace City, while the Census reported a median income of $46,479 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
  • In Grace City, among full-time, year-round workers aged 15 years and older, males earned a median income of $54,046, while females earned $51,343, resulting in a 5% gender pay gap among full-time workers. This illustrates that women earn 95 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 Grace City.
Line chart showing the annual median income trends in Grace City, ND for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Grace City, ND gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Grace City, ND income by gender ➔

Race

In Grace City, the population is predominantly White, constituting 98.53% 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 $47,830.
  • In Grace City, White is both the largest group and the one with the highest median household income, which stands at $47,830.
  • In Grace City, the median household income for the households where the householder is White increased by $16,775(54.02%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $31,055 in 2011 and $47,830 in 2021.
  • As per the U.S. Census Bureau population data, in Grace City, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
The bar chart shows Grace City, ND median household income across all racial categories identified by the U.S. Census Bureau.
Grace City, ND median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Grace City, ND median household income by race ➔

Year by year

Grace City, ND median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Grace City increased by $1,869 (4.07%), 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 2013 to 2014, when the median household income increased by 24,885 (from $43,371 to $68,256). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 20,857 (from $61,918 to $41,061).
  • NA
  • With a Gini coefficient of 0.5339, it is evident that income distribution in Grace City, ND exihibits characterstics of moderate inequality .
  • NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $54,483.
The line chart shows Grace City, ND median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Grace City, ND median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Grace City, ND median household income ➔

References

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Grace City, ND Demographics

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Median household income of places that contain Grace City (in 2022 dollars)
Median household income of nearby cities (in 2022 dollars)

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Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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