Grand Island, Nebraska Income Statistics
Grand Island Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Grand Island Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Grand Island | Nebraska Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,894 | $76,615 | $80,455 |
| Median Personal Income | $48,782 | $56,814 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.3% | 4.8% |
| Six-Figure Earners | 7.1% | 11.4% | 13.9% |
| $200k+ Households | 6.4% | 9.4% | 13.2% |
The median household income in Grand Island is about 15% lower than in Nebraska. Income has been growing slower in Grand Island (3.9%/yr) than in Nebraska (4.3%/yr).
About 7% of adults in Grand Island earn six figures ($100,000 or more) a year, lower than the Nebraska average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Grand Island, Nebraska grew by 52.9% from 2009 to 2024, reaching $64,894 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Grand Island
| Metric | Grand Island | Nebraska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.502 | 0.515 | 0.552 |
| Male Median Income | $54,489 | $65,618 | $69,667 |
| Female Median Income | $47,937 | $52,854 | $56,850 |
| Gender Pay Gap | 12.0% | 19.5% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Grand Island, it is 0.502, lower than Nebraska's 0.515, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 14% more than women's income in Grand Island, Nebraska. Over a 35-year career, a 14% wage gap accumulates to roughly $229,320 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Grand Island, Nebraska has narrowed from about 30% to 12% in 2024. In dollar terms, the gap has narrowed by $4,640 since 2009.
Employment
| Metric | Grand Island | Nebraska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 3.0% | 5.2% |
| Working from Home | 4.4% | 11.1% | 15.0% |
| Commute time (minutes) | 12 | 16 | 22 |
Approximately 924 people are unemployed in Grand Island, Nebraska.
The average commute time in Grand Island is 12 minutes, shorter than the 16 minutes in Nebraska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Grand Island, Nebraska has fallen from 5.4% to 4.7% in 2024. Over that period the rate peaked at 6.9% in 2014 and fell as low as 3.5% in 2022.
Conclusion
Considering all these factors, Grand Island, Nebraska has an overall wealth index grade of C, making it about on par with Nebraska, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Grand Island, Nebraska.
How Rich Is Grand Island, Nebraska?
Grand Island has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $64,894, about 15% lower than the Nebraska average of $76,615.
How fast is household income rising in Grand Island, Nebraska?
Between 2009 and 2024, the median household income in Grand Island, Nebraska rose 53%, from $42,450 to $64,894. Over the same years, income here lagged behind Nebraska as a whole: +53% against +60%.
What was the median household income in Grand Island in 2023?
In 2023, the median household income in Grand Island, Nebraska was $62,544, up 6% from $58,818 in 2022. The Nebraska median that year was $74,986.
What was the median household income in Grand Island in 2020?
In 2020, the median household income in Grand Island, Nebraska was $55,603. By 2024 it had risen 17% to $64,894.
How strong is the job market in Grand Island, Nebraska?
Unemployment in Grand Island, Nebraska is 4.7%, well above the Nebraska rate of 3.0%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Grand Island, Nebraska?
The Gini coefficient in Grand Island is 0.502. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Grand Island, Nebraska?
Since 2009, the income gap between men and women in Grand Island, Nebraska has narrowed from about 30% to 12% in 2024. In dollar terms, the gap has narrowed by $4,640 since 2009.
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