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.
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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.
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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.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)