Age of householder
Per the latest American Community Survey by the Census Bureau, Warwick sees its highest median household income among householders in the age group of 25 to 44 years old, at $53,370. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Warwick, where there exist only two delineated age groups, the median household income is $53,370 for householders within the 25 to 44 years age group, compared to $46,614 for 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 $22,642(94.45%), escalating from a median of $23,972 in 2011 to $46,614 in 2021.
- 3(10%) households where the householder is under 25 years old.
- 13(43.33%) households with a householder aged between 25 and 44 years.
- 11(36.67%) households with a householder aged between 45 and 64 years.
- 3(10%) households where the householder is over 65 years old.
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Gender
In Warwick, the population consists of 53 males (56.99%) and 40 females (43.01%). Here are the primary highlights from the gender-based income distribution analysis:
- In Warwick, the median income for all workers aged 15 years and older, regardless of work hours, was $18,240 for males and $27,474 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $33,441 for males and $52,019 for females.
- In Warwick, the median income for all workers aged 15 years and older, regardless of work hours, was $18,240 for males and $27,474 for females.
- In Warwick, among full-time, year-round workers aged 15 years and older, males earned a median income of $33,441, while females earned $52,019
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Race
In Warwick, the population is predominantly American Indian and Alaska Native, constituting 40.86% 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 not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
- In Warwick, despite the American Indian and Alaska Native population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that White households actually reports the highest median household income, with a median income of $41,885. This reveals that, while American Indian and Alaska Natives may be the most numerous in Warwick, White households experience greater economic prosperity in terms of median household income.
- In Warwick, the median household income for the households where the householder is White decreased by $11,507(21.55%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,392 in 2011 and $41,885 in 2021.
- As per the U.S. Census Bureau population data, in Warwick, 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
Warwick, ND median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Warwick decreased by $2,802 (5.59%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2011 to 2012, when the median household income increased by 4,244 (from $53,392 to $57,636). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 14,318 (from $59,132 to $44,814).
- It then further decreased to 44,588 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2968, it is evident that income distribution in Warwick, ND exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,548.
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