Milton, ND Income

The inflation-adjusted median household income in Milton was $93,229, based on U.S. Census Bureau ACS estimates.
Neilsberg Research Avatar
Updated Dec 15, 2023
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.
The bar chart shows Milton, ND median household income across all racial categories identified by the U.S. Census Bureau.
Milton, ND median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Milton, ND median household income by race ➔

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.
The line chart shows Milton, ND median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Milton, ND median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Milton, ND median household income ➔

References

Explore related topics

Milton, ND Demographics

Explore more

Median household income of places that contain Milton (in 2022 dollars)
Median household income of nearby cities (in 2022 dollars)

About the author

Neilsberg Research Avatar
Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

Share

This article is for informational purposes only and is not intended to be legal or tax advice. We recommend that you consult with a qualified professional such as a lawyer or accountant before making a decision. Many of the products and services featured here are from our affiliate partners. We may receive commissions on purchases made from our chosen links. Read advertiser disclosure.