Age of householder
Per the latest American Community Survey by the Census Bureau, Virginia City sees its highest median household income among householders in the age group of 45 to 64 years old, at $108,542. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Virginia City only reports a median household income of $108,542 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $41,038(60.79%), escalating from a median of $67,504 in 2011 to $108,542 in 2021.
- 0 households where the householder is under 25 years old.
- 0 households with a householder aged between 25 and 44 years.
- 30(54.55%) households with a householder aged between 45 and 64 years.
- 25(45.45%) households where the householder is over 65 years old.
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Gender
In Virginia City, the population consists of 70 males (47.30%) and 78 females (52.70%). Here are the primary highlights from the gender-based income distribution analysis:
- In Virginia City, the median income for all workers aged 15 years and older, regardless of work hours, was $25,401 for males and $12,971 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $95,931 for males and $84,221 for females.
- In Virginia City, the median income for all workers aged 15 years and older, regardless of work hours, was $25,401 for males and $12,971 for females.
- In Virginia City, among full-time, year-round workers aged 15 years and older, males earned a median income of $95,931, while females earned $84,221, resulting in a 12% gender pay gap among full-time workers. This illustrates that women earn 88 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 town of Virginia City.
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Race
In Virginia City, the population is predominantly White, constituting 93.92% 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 $74,313.
- In Virginia City, White is both the largest group and the one with the highest median household income, which stands at $74,313.
- In Virginia City, the median household income for the households where the householder is White increased by $21,193(39.90%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,120 in 2011 and $74,313 in 2021.
- As per the U.S. Census Bureau population data, in Virginia City, 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
Virginia City, MT median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Virginia City increased by $19,498 (35.57%), 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 15,296 (from $59,017 to $74,313). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 12,469 (from $47,055 to $34,586).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3607, it is evident that income distribution in Virginia City, MT exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $54,258.
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