Gender
In Redmond, the population consists of 37,000 males (51.27%) and 35,166 females (48.73%). Here are the primary highlights from the gender-based income distribution analysis:
- In Redmond, the median income for all workers aged 15 years and older, regardless of work hours, was $117,549 for males and $49,650 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $160,318 for males and $108,433 for females.
- In Redmond, the median income for all workers aged 15 years and older, regardless of work hours, was $117,549 for males and $49,650 for females.
- In Redmond, among full-time, year-round workers aged 15 years and older, males earned a median income of $160,318, while females earned $108,433, leading to a 32% gender pay gap among full-time workers. This illustrates that women earn 68 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Redmond, the population is predominantly White, constituting 52.59% 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 $124,822.
- In Redmond, 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 $188,778. This reveals that, while Whites may be the most numerous in Redmond, Asian households experience greater economic prosperity in terms of median household income.
- In Redmond, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $124,822, marking a significant change.
- In Redmond, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $175,410, marking a significant change.
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Year by year
Redmond, WA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Redmond increased by $39,903 (33.53%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 9 years and declined for 2 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 8,454 (from $150,447 to $158,901). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 1,715 (from $123,069 to $121,354).
- It then further decreased to -666,666,666 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4649, it is evident that income distribution in Redmond, WA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $193,726. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $113,673.
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