Age of householder
Per the latest American Community Survey by the Census Bureau, Mcdonald sees its highest median household income among householders in the age group of 25 to 44 years old, at $106,740. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Mcdonald, where there exist only two delineated age groups, the median household income is $106,740 for householders within the 25 to 44 years age group, compared to $39,183 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $47,245(79.41%), escalating from a median of $59,495 in 2011 to $106,740 in 2021.
- 0 households where the householder is under 25 years old.
- 3(7.50%) households with a householder aged between 25 and 44 years.
- 22(55%) households with a householder aged between 45 and 64 years.
- 15(37.50%) households where the householder is over 65 years old.
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Gender
In Mcdonald, the population consists of 50 males (45.87%) and 59 females (54.13%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mcdonald, the median income for all workers aged 15 years and older, regardless of work hours, was $34,859 for males and $24,321 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $81,519 for males and $39,762 for females.
- In Mcdonald, the median income for all workers aged 15 years and older, regardless of work hours, was $34,859 for males and $24,321 for females.
- In Mcdonald, among full-time, year-round workers aged 15 years and older, males earned a median income of $81,519, while females earned $39,762, leading to a 51% gender pay gap among full-time workers. This illustrates that women earn 49 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 Mcdonald, the population is predominantly American Indian and Alaska Native, constituting 45.87% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for American Indian and Alaska Native households is $36,481.
- In Mcdonald, despite the American Indian and Alaska Native population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $95,931. This reveals that, while American Indian and Alaska Natives may be the most numerous in Mcdonald, White households experience greater economic prosperity in terms of median household income.
- In Mcdonald, the median household income for the households where the householder is White increased by $22,380(30.43%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $73,551 in 2011 and $95,931 in 2021.
- In Mcdonald, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $38,604(2022 inflation-adjusted dollars), marking a significant change.
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Year by year
Mcdonald, NC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mcdonald decreased by $3,480 (7.24%), 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 2014 to 2015, when the median household income increased by 15,737 (from $33,818 to $49,555). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 27,435 (from $61,783 to $34,348).
- It then further increased to $104,038 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4514, it is evident that income distribution in Mcdonald, NC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $62,152. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $38,990.
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