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 Apex, the population consists of 28,425 males (48.95%) and 29,641 females (51.05%). Here are the primary highlights from the gender-based income distribution analysis:
- In Apex, the median income for all workers aged 15 years and older, regardless of work hours, was $81,385 for males and $48,068 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $104,379 for males and $72,328 for females.
- In Apex, the median income for all workers aged 15 years and older, regardless of work hours, was $81,385 for males and $48,068 for females.
- In Apex, among full-time, year-round workers aged 15 years and older, males earned a median income of $104,379, while females earned $72,328, leading to a 31% gender pay gap among full-time workers. This illustrates that women earn 69 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 Apex, the population is predominantly White, constituting 75.74% 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 $119,708.
- In Apex, 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 $213,127. This reveals that, while Whites may be the most numerous in Apex, Asian households experience greater economic prosperity in terms of median household income.
- In Apex, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $119,708, marking a significant change.
- In Apex, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $123,141, marking a significant change.
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Year by year
Apex, NC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Apex increased by $18,186 (16.10%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 4,728 (from $123,224 to $127,952). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 1,953 (from $112,890 to $110,937).
- 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 0.3693, it is evident that income distribution in Apex, NC exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $143,741. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $68,275.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)