Gender
In Allen, the population consists of 51,725 males (50.33%) and 51,053 females (49.67%). Here are the primary highlights from the gender-based income distribution analysis:
- In Allen, the median income for all workers aged 15 years and older, regardless of work hours, was $68,835 for males and $45,265 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $102,723 for males and $72,329 for females.
- In Allen, the median income for all workers aged 15 years and older, regardless of work hours, was $68,835 for males and $45,265 for females.
- In Allen, among full-time, year-round workers aged 15 years and older, males earned a median income of $102,723, while females earned $72,329, leading to a 30% gender pay gap among full-time workers. This illustrates that women earn 70 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.
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Race
In Allen, the population is predominantly White, constituting 61.40% 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 $120,605.
- In Allen, 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 $154,299. This reveals that, while Whites may be the most numerous in Allen, Asian households experience greater economic prosperity in terms of median household income.
- In Allen, the median household income for the households where the householder is White decreased by $22,816(15.91%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $143,421 in 2012 and $120,605 in 2022.
- In Allen, the median household income for the households where the householder is Black or African American decreased by $11,391(13.26%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $85,914 in 2012 and $74,523 in 2022.
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Year by year
Allen, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Allen increased by $1,741 (1.38%), 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 2019 to 2020, when the median household income increased by 7,235 (from $121,625 to $128,860). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 3,156 (from $124,781 to $121,625).
- It then further increased to $114,530 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4221, it is evident that income distribution in Allen, TX exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $141,077. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $65,695.
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