Age of householder
Per the latest American Community Survey by the Census Bureau, New Town sees its highest median household income among householders in the age group of 45 to 64 years old, at $82,082. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in New Town, the median household income stands at $82,082 for householders within the 45 to 64 years age group, followed by $55,735 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $46,459.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $16,391(41.66%), escalating from a median of $39,344 in 2011 to $55,735 in 2021.
- 75(8.98%) households where the householder is under 25 years old.
- 287(34.37%) households with a householder aged between 25 and 44 years.
- 359(42.99%) households with a householder aged between 45 and 64 years.
- 114(13.65%) households where the householder is over 65 years old.
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Gender
In New Town, the population consists of 1,426 males (51.95%) and 1,319 females (48.05%). Here are the primary highlights from the gender-based income distribution analysis:
- In New Town, the median income for all workers aged 15 years and older, regardless of work hours, was $36,346 for males and $36,481 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $64,978 for males and $52,694 for females.
- In New Town, for all workers aged 15 years and older, irrespective of full-time or part-time work, the median income was $36,481 for both males and females.
- In New Town, among full-time, year-round workers aged 15 years and older, males earned a median income of $64,978, while females earned $52,694, leading to a 19% gender pay gap among full-time workers. This illustrates that women earn 81 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In New Town, the population is predominantly American Indian and Alaska Native, constituting 71.11% 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 $57,356.
- In New Town, despite the American Indian and Alaska Native population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $83,602. This reveals that, while American Indian and Alaska Natives may be the most numerous in New Town, Two or More Races households experience greater economic prosperity in terms of median household income.
- In New Town, the median household income for the households where the householder is White increased by $13,039(23.72%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $54,969 in 2011 and $68,008 in 2021.
- In New Town, the median household income for Black or African American households was $3,268 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
New Town, ND median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for New Town increased by $11,251 (22.80%), 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 2017 to 2018, when the median household income increased by 11,533 (from $68,390 to $79,923). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 11,509 (from $79,923 to $68,414).
- It then further increased to $86,924 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4586, it is evident that income distribution in New Town, ND exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $66,206. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $48,084.
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