Norwalk, CT Income

The inflation-adjusted median household income in Norwalk was $98,832, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$98,832
Median household income
0.4844
Gini coefficient
** (N/A)
Highest median income age group
$677,270
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

TABLE OF CONTENTS

Gender

In Norwalk, the population consists of 45,238 males (49.81%) and 45,583 females (50.19%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Norwalk, the median income for all workers aged 15 years and older, regardless of work hours, was $51,021 for males and $36,563 for females.
  • However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,243 for males and $77,603 for females.
  • In Norwalk, the median income for all workers aged 15 years and older, regardless of work hours, was $51,021 for males and $36,563 for females.
  • In Norwalk, among full-time, year-round workers aged 15 years and older, males earned a median income of $73,243, while females earned $77,603
Line chart showing the annual median income trends in Norwalk, CT for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Norwalk, CT gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Norwalk, CT income by gender ➔

Race

In Norwalk, the population is predominantly White, constituting 65.51% 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 $118,982.
  • In Norwalk, 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 $137,855. This reveals that, while Whites may be the most numerous in Norwalk, Asian households experience greater economic prosperity in terms of median household income.
  • In Norwalk, the median household income for the households where the householder is White increased by $24,863(26.42%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $94,119 in 2012 and $118,982 in 2022.
  • In Norwalk, the median household income for the households where the householder is Black or African American increased by $65,704(99.22%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $66,218 in 2012 and $131,922 in 2022.
The bar chart shows Norwalk, CT median household income across all racial categories identified by the U.S. Census Bureau.
Norwalk, CT median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Norwalk, CT median household income by race ➔

Year by year

Norwalk, CT median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Norwalk decreased by $3,931 (3.83%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
  • The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 3,565 (from $95,377 to $98,942). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 3,247 (from $99,878 to $96,631).
  • It then further increased to $144,854 for 7-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.4844, it is evident that income distribution in Norwalk, CT exihibits characterstics of moderate inequality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $135,024. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $64,016.
The line chart shows Norwalk, CT median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Norwalk, CT median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Norwalk, CT median household income ➔

References

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Norwalk, CT Demographics

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Median household income of places that contain Norwalk (in 2022 dollars)

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Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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