Age of householder
Per the latest American Community Survey by the Census Bureau, Carmel-By-The-Sea sees its highest median household income among householders in the age group of 25 to 44 years old, at $202,712. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Carmel-By-The-Sea, where there exist only two delineated age groups, the median household income is $202,712 for householders within the 25 to 44 years age group, compared to $86,361 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $109,066(116.47%), escalating from a median of $93,646 in 2011 to $202,712 in 2021.
- 0 households where the householder is under 25 years old.
- 182(11.37%) households with a householder aged between 25 and 44 years.
- 354(22.11%) households with a householder aged between 45 and 64 years.
- 1,065(66.52%) households where the householder is over 65 years old.
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Gender
In Carmel-By-The-Sea, the population consists of 1,555 males (47.18%) and 1,741 females (52.82%). Here are the primary highlights from the gender-based income distribution analysis:
- In Carmel-By-The-Sea, the median income for all workers aged 15 years and older, regardless of work hours, was $96,863 for males and $49,057 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $102,546 for males and $81,637 for females.
- In Carmel-By-The-Sea, the median income for all workers aged 15 years and older, regardless of work hours, was $96,863 for males and $49,057 for females.
- In Carmel-By-The-Sea, among full-time, year-round workers aged 15 years and older, males earned a median income of $102,546, while females earned $81,637, leading to a 20% gender pay gap among full-time workers. This illustrates that women earn 80 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 Carmel-By-The-Sea, the population is predominantly White, constituting 93.39% 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 $106,047.
- In Carmel-By-The-Sea, White is both the largest group and the one with the highest median household income, which stands at $106,047.
- In Carmel-By-The-Sea, the median household income for the households where the householder is White increased by $5,625(5.60%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $100,422 in 2011 and $106,047 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Carmel-By-The-Sea, CA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Carmel-By-The-Sea increased by $7,979 (7.94%), 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 2014 to 2015, when the median household income increased by 15,102 (from $77,514 to $92,616). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 12,974 (from $90,488 to $77,514).
- It then further increased to $270,229 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4913, it is evident that income distribution in Carmel-By-The-Sea, CA exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $42,398.
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