Palmer Lake, CO Income by Gender

Palmer Lake, CO gender pay gap statistics

In Palmer Lake, the population consists of 1,354 males (51.06%) and 1,298 females (48.94%), a breakdown further detailed in Palmer Lake population by gender.

With a gender ratio of 104.3:100 i.e. 104.3 men to 100 women (1.043), Palmer Lake hosts more men than women. This demographic distribution sets the backdrop for our exploration into gender-based income disparities within the area.

Historically, addressing gender-based pay differences has been a pressing concern, prompting substantial efforts not only from government initiatives but also from advocacy groups, businesses, and social movements. To explore this further within the context of Palmer Lake, our analysis will focus on examining the income data to understand the reality of gender-based pay differences.

Here are the key findings from our analysis:

• All workers, aged 15 years and older: In Palmer Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $56,538 for males and $46,045 for females.

  These income figures indicate a substantial gender-based pay disparity, showcasing a gap of approximately 19% between the median incomes of males and females in Palmer Lake. With women, regardless of work hours, earning 81 cents to each dollar earned by men, this income disparity reveals a concerning trend toward wage inequality that demands attention in thetown of Palmer Lake.

• Full-time workers, aged 15 years and older: In Palmer Lake, among full-time, year-round workers aged 15 years and older, males earned a median income of $84,088, while females earned $61,573, leading to a 27% gender pay gap among full-time workers. This illustrates that women earn 73 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.

  Remarkably, across all roles, including non-full-time employment, women displayed a similar gender pay gap percentage. This indicates a consistent gender pay gap scenario across various employment types in Palmer Lake, showcasing a consistent income pattern irrespective of employment status.

To visualize the evolving trend, here is a line chart depicting the changes in gender-specific annual median incomes over time in Palmer Lake, encompassing both full-time and all workers aged 15 years and older.

Palmer Lake, CO gender and employment-based income distribution analysis (Ages 15+)

To gain insights into gender-based income distribution within the Palmer Lake population, we conducted an analysis across 20 distinct brackets for males and females aged 15 years and over, covering both full-time year-round workers and other employment designations.

Within Palmer Lake, among individuals aged 15 years and older with income, there were 1,217 men and 1,064 women in the workforce. Among them, 582 men were engaged in full-time, year-round employment, while 563 women were in full-time, year-round roles.

Analyzing the percentage of full-time, year-round workers to the total workforce reveals that among men, the proportion of full-time employment was 47.82%, whereas among women, the ratio was 52.91%. This indicates that a higher percentage of women were engaged in full-time, year-round roles compared to men.

To provide a more comprehensive understanding of income distribution, we have grouped the original income brackets into five broader categories for analysis purposes: Under $24,999, $25,000 to $49,999, $50,000 to $74,999, $75,000 to $99,999, and above $100,000. This grouping allows for a more focused assessment of income disparities across distinct income ranges, offering clearer insights into gender-based income distributions within the Palmer Lake population.

The analysis unveiled the following key findings:

• Annual income under $24,999: Of the male population working full-time, 3.44% fell within the income range of under $24,999, while 8.53% of the female population working full-time was represented in the same income bracket. Additionally, among individuals in other non-full-time employment categories, 49.76% of males and 59.28% of females were found within this income range.

  In total, among the population aged 15 years and older with income, across all employment categories, the analysis revealed that 27.61% of the entire male population and 32.42% of the entire female population fell within the income bracket of under $24,999.

  A higher percentage of females compared to males falling within the under $24,999 income bucket suggests a potential disparity, indicating a greater concentration of women in this lower income range.

• Annual income between $25,000 and $49,999: 11.51% of males in full-time employment were within the $25,000 to $49,999 income range, while 29.66% of females in full-time roles were represented in this income bracket. Moreover, among other employment categories, 22.05% of males and 29.14% of females fell into this income range.

  Considering the population aged 15 years and older with income across all employments, 17.01% of the total male population and 29.42% of the total female population were encompassed within this income bracket.

  The higher representation of females compared to males in the $25,000 to $49,999 income bracket indicates a potential inequality, emphasizing a greater prevalence of women within this lower-middle income range.

• Annual income between $50,000 and $74,999: 34.71% of men in full-time employment fell within the $50,000 to $74,999 income bracket, while 23.62% of women in full-time positions were also within this income range. Furthermore, among individuals in other non-full-time employment categories, 16.38% of men and 9.58% of women were situated within this specific income bracket.

  Overall, considering the entire population aged 15 years and older with income across all job types, 25.14% of the total male population and 17.01% of the total female population were found within the $50,000 to $74,999 income bracket.

  The higher proportion of males compared to females in the $50,000 to $74,999 income bracket suggests a potential inequality, emphasizing a greater prevalence of men within this middle-income range.

• Annual income between $75,000 and $99,999: 35.57% of men in full-time roles occupied the $75,000 to $99,999 income bracket, while 23.98% of women in full-time positions shared this income range. Additionally, among individuals in other non-full-time employment categories, 10.87% of men and none of women were situated within this specific income bracket.

  In total, among the entire population aged 15 years and older with income across all job types, 22.68% of the total male population and 12.69% of the total female population fell within the $75,000 to $99,999 income bracket.

  The elevated ratio of males to females in the $75,000 to $99,999 income bracket hints at a potential inequality, underscoring a stronger predominance of men within this upper-middle income range.

• Annual income above $100,000: 14.78% of men in full-time roles earned incomes exceeding $100,000, while 14.21% of women in full-time positions earned within this income bracket. Additionally, among those in alternative non-full-time employment, 0.94% of men and 2% of women earned within this income bracket.

  In total, across the entire population aged 15 years and older with income across all job types, 7.56% of the total male population and 8.46% of the total female population earned incomes above $100,000.

  The increased proportion of females compared to males in the above $100,000 income bracket suggests a potential inequality, emphasizing a greater predominance of women in this higher income range.

Things to know

Is there a gender-based pay gap in Palmer Lake, CO?

In Palmer Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $56,538 for males and $46,045 for females.

These income figures indicate a substantial gender-based pay disparity, showcasing a gap of approximately 19% between the median incomes of males and females in Palmer Lake. With women, regardless of work hours, earning 81 cents to each dollar earned by men, this income disparity reveals a concerning trend toward wage inequality that demands attention in thetown of Palmer Lake.

What is the average annual income for a women in Palmer Lake, CO?

The median income for females aged 15 years and older in Palmer Lake is $46,045, indicating that half of the female population in this age group earns more than this figure, while the other half earns less. This data is sourced from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

What is the average annual income for men in Palmer Lake, CO?

The median income for males aged 15 years and older in Palmer Lake is $56,538, indicating that half of the male population in this age group earns more than this figure, while the other half earns less. This data is sourced from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Is $100,000 considered low annual income in Palmer Lake, CO?

In Palmer Lake, among individuals aged 15 years and older working full-time year-round, 14.78% of men and 14.21% of women earned incomes surpassing $100,000. This indicates that for both men and women, the percentage earning above $100,000 is relatively low.

References

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