Age of householder
Per the latest American Community Survey by the Census Bureau, Gray sees its highest median household income among householders in the age group of 25 to 44 years old, at $78,501. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Gray, where there exist only two delineated age groups, the median household income is $78,501 for householders within the 25 to 44 years age group, compared to $29,791 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $10,242(11.54%), declining from a median of $88,743 in 2011 to $78,501 in 2021.
- 8(0.64%) households where the householder is under 25 years old.
- 461(36.91%) households with a householder aged between 25 and 44 years.
- 289(23.14%) households with a householder aged between 45 and 64 years.
- 491(39.31%) households where the householder is over 65 years old.
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Gender
In Gray, the population consists of 1,562 males (46.32%) and 1,810 females (53.68%). Here are the primary highlights from the gender-based income distribution analysis:
- In Gray, the median income for all workers aged 15 years and older, regardless of work hours, was $25,672 for males and $27,272 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $45,669 for males and $44,985 for females.
- In Gray, the median income for all workers aged 15 years and older, regardless of work hours, was $25,672 for males and $27,272 for females.
- In Gray, among full-time, year-round workers aged 15 years and older, males earned a median income of $45,669, while females earned $44,985, resulting in a 1% gender pay gap among full-time workers. This illustrates that women earn 99 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 Gray.
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Race
In Gray, the population is predominantly White, constituting 67.53% 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 $60,464.
- In Gray, White is both the largest group and the one with the highest median household income, which stands at $60,464.
- In Gray, the median household income for the households where the householder is White decreased by $20,646(25.45%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $81,110 in 2011 and $60,464 in 2021.
- In Gray, the median household income for the households where the householder is Black or African American increased by $22,728(60.49%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $37,572 in 2011 and $60,300 in 2021.
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Year by year
Gray, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Gray decreased by $12,831 (17.57%), 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 2015 to 2016, when the median household income increased by 10,867 (from $62,177 to $73,044). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 11,847 (from $75,003 to $63,156).
- It then further increased to $86,891 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4295, it is evident that income distribution in Gray, GA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $78,501. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $27,879.
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