Age of householder
Per the latest American Community Survey by the Census Bureau, Grand Falls Plaza sees its highest median household income among householders in the age group of 65 years and over old, at $76,564. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Grand Falls Plaza, where there exist only two delineated age groups, the median household income is $76,564 for householders within the 65 years and over age group, compared to $74,223 for the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $25,480(25.56%), declining from a median of $99,703 in 2011 to $74,223 in 2021.
- 0 households where the householder is under 25 years old.
- 20(39.22%) households with a householder aged between 25 and 44 years.
- 13(25.49%) households with a householder aged between 45 and 64 years.
- 18(35.29%) households where the householder is over 65 years old.
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Gender
In Grand Falls Plaza, the population consists of 79 males (49.38%) and 81 females (50.63%). Here are the primary highlights from the gender-based income distribution analysis:
- In Grand Falls Plaza, the median income for all workers aged 15 years and older, regardless of work hours, was $43,012 for males and $27,698 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,020 for males and $31,301 for females.
- In Grand Falls Plaza, the median income for all workers aged 15 years and older, regardless of work hours, was $43,012 for males and $27,698 for females.
- In Grand Falls Plaza, among full-time, year-round workers aged 15 years and older, males earned a median income of $47,020, while females earned $31,301, leading to a 33% gender pay gap among full-time workers. This illustrates that women earn 67 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Grand Falls Plaza, the population is predominantly White, constituting 73.75% 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 $74,313.
- In Grand Falls Plaza, White is both the largest group and the one with the highest median household income, which stands at $74,313.
- In Grand Falls Plaza, the median household income for the households where the householder is White decreased by $3,161(4.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $77,474 in 2011 and $74,313 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
Grand Falls Plaza, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Grand Falls Plaza decreased by $14,897 (16.67%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 18,852 (from $56,261 to $75,113). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 32,438 (from $88,699 to $56,261).
- It then further decreased to 75,394 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2825, it is evident that income distribution in Grand Falls Plaza, MO exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $29,595.
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