Age of householder
Per the latest American Community Survey by the Census Bureau, Winston-Salem sees its highest median household income among householders in the age group of 45 to 64 years old, at $63,274. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Winston-Salem, householders within the 45 to 64 years age group have the highest median household income at $63,274, followed by those in the 25 to 44 years age group with an income of $57,423. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $46,762. Notably, householders within the under 25 years age group, had the lowest median household income at $45,653.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $19,135(72.16%), escalating from a median of $26,518 in 2012 to $45,653 in 2022.
- 5,270(5.23%) households where the householder is under 25 years old.
- 34,980(34.71%) households with a householder aged between 25 and 44 years.
- 35,314(35.04%) households with a householder aged between 45 and 64 years.
- 25,205(25.01%) households where the householder is over 65 years old.
Read more about Winston-Salem, NC median household income by age ➔
Gender
In Winston-Salem, the population consists of 116,825 males (47.12%) and 131,092 females (52.88%). Here are the primary highlights from the gender-based income distribution analysis:
- In Winston-Salem, the median income for all workers aged 15 years and older, regardless of work hours, was $38,368 for males and $27,308 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,635 for males and $42,758 for females.
- In Winston-Salem, the median income for all workers aged 15 years and older, regardless of work hours, was $38,368 for males and $27,308 for females.
- In Winston-Salem, among full-time, year-round workers aged 15 years and older, males earned a median income of $50,635, while females earned $42,758, leading to a 16% gender pay gap among full-time workers. This illustrates that women earn 84 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.
Read more about Winston-Salem, NC income by gender ➔
Race
In Winston-Salem, the population is predominantly White, constituting 52.92% 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 $71,100.
- In Winston-Salem, 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 $87,193. This reveals that, while Whites may be the most numerous in Winston-Salem, Asian households experience greater economic prosperity in terms of median household income.
- In Winston-Salem, the median household income for the households where the householder is White increased by $13,286(22.98%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $57,814 in 2012 and $71,100 in 2022.
- In Winston-Salem, the median household income for the households where the householder is Black or African American increased by $7,509(22.62%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $33,189 in 2012 and $40,698 in 2022.
Read more about Winston-Salem, NC median household income by race ➔
Year by year
Winston-Salem, NC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Winston-Salem decreased by $1,706 (3.05%), 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 2017 to 2018, when the median household income increased by 1,240 (from $50,562 to $51,802). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 2,063 (from $55,972 to $53,909).
- It then further increased to $79,804 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4999, it is evident that income distribution in Winston-Salem, NC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $66,524. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $38,075.
Read more about Winston-Salem, NC median household income ➔