Age of householder
Per the latest American Community Survey by the Census Bureau, Roanoke Rapids sees its highest median household income among householders in the age group of 45 to 64 years old, at $56,998. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Roanoke Rapids, the median household income stands at $56,998 for householders within the 45 to 64 years age group, followed by $46,956 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $41,626.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $9,303(28.78%), escalating from a median of $32,323 in 2011 to $41,626 in 2021.
- 176(2.84%) households where the householder is under 25 years old.
- 1,844(29.73%) households with a householder aged between 25 and 44 years.
- 2,280(36.76%) households with a householder aged between 45 and 64 years.
- 1,902(30.67%) households where the householder is over 65 years old.
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Gender
In Roanoke Rapids, the population consists of 7,433 males (48.60%) and 7,861 females (51.40%). Here are the primary highlights from the gender-based income distribution analysis:
- In Roanoke Rapids, the median income for all workers aged 15 years and older, regardless of work hours, was $33,340 for males and $20,442 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,003 for males and $43,652 for females.
- In Roanoke Rapids, the median income for all workers aged 15 years and older, regardless of work hours, was $33,340 for males and $20,442 for females.
- In Roanoke Rapids, among full-time, year-round workers aged 15 years and older, males earned a median income of $50,003, while females earned $43,652, resulting in a 13% gender pay gap among full-time workers. This illustrates that women earn 87 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 Roanoke Rapids.
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Race
In Roanoke Rapids, the population is predominantly White, constituting 53.43% 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 $60,801.
- In Roanoke Rapids, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $149,178. This reveals that, while Whites may be the most numerous in Roanoke Rapids, Asian households experience greater economic prosperity in terms of median household income.
- In Roanoke Rapids, the median household income for the households where the householder is White decreased by $2,330(3.69%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,131 in 2011 and $60,801 in 2021.
- In Roanoke Rapids, the median household income for the households where the householder is Black or African American increased by $6,393(26.83%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $23,824 in 2011 and $30,217 in 2021.
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Year by year
Roanoke Rapids, NC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Roanoke Rapids decreased by $1,202 (2.48%), 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 2020 to 2021, when the median household income increased by 3,614 (from $43,626 to $47,240). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 4,274 (from $49,599 to $45,325).
- It then further increased to $48,410 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.472, it is evident that income distribution in Roanoke Rapids, NC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $57,222. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $32,125.
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