Overview
$93,229
Median household income
0.4805
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
Race
In Milton, the population is predominantly White, constituting 89.29% 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 $93,229.
- In Milton, White is both the largest group and the one with the highest median household income, which stands at $93,229.
- In Milton, the median household income for the households where the householder is White increased by $23,355(33.42%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $69,874 in 2011 and $93,229 in 2021.
- As per the U.S. Census Bureau population data, in Milton, 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
Milton, ND median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Milton increased by $14,200 (17.97%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2014 to 2015, when the median household income increased by 21,498 (from $62,568 to $84,066). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 13,134 (from $75,702 to $62,568).
- NA
- With a Gini coefficient of 0.4805, it is evident that income distribution in Milton, ND exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $44,815.
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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)