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 Buckeye, the population consists of 47,749 males (53.23%) and 41,962 females (46.77%). Here are the primary highlights from the gender-based income distribution analysis:
- In Buckeye, the median income for all workers aged 15 years and older, regardless of work hours, was $47,395 for males and $31,378 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,663 for males and $44,376 for females.
- In Buckeye, the median income for all workers aged 15 years and older, regardless of work hours, was $47,395 for males and $31,378 for females.
- In Buckeye, among full-time, year-round workers aged 15 years and older, males earned a median income of $59,663, while females earned $44,376, leading to a 26% gender pay gap among full-time workers. This illustrates that women earn 74 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 Buckeye, the population is predominantly White, constituting 65.35% 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 $101,735.
- In Buckeye, 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 $141,607. This reveals that, while Whites may be the most numerous in Buckeye, Asian households experience greater economic prosperity in terms of median household income.
- In Buckeye, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $101,735, marking a significant change.
- In Buckeye, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $81,468, marking a significant change.
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Year by year
Buckeye, AZ median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Buckeye increased by $7,694 (9.19%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 7,360 (from $82,335 to $89,695). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 6,384 (from $79,235 to $72,851).
- It then further increased to $118,456 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3531, it is evident that income distribution in Buckeye, AZ exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $97,448. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $78,028.
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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)