Gender
In Cedar Park, the population consists of 37,472 males (50.14%) and 37,269 females (49.86%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cedar Park, the median income for all workers aged 15 years and older, regardless of work hours, was $73,358 for males and $40,393 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $93,797 for males and $64,605 for females.
- In Cedar Park, the median income for all workers aged 15 years and older, regardless of work hours, was $73,358 for males and $40,393 for females.
- In Cedar Park, among full-time, year-round workers aged 15 years and older, males earned a median income of $93,797, while females earned $64,605, 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 Cedar Park, the population is predominantly White, constituting 75.23% 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 $103,464.
- In Cedar Park, despite the White population being the most populous, it is worth noting that American Indian and Alaska Native households actually reports the highest median household income, with a median income of $250,001. This reveals that, while Whites may be the most numerous in Cedar Park, American Indian and Alaska Native households experience greater economic prosperity in terms of median household income.
- In Cedar Park, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $103,464, marking a significant change.
- In Cedar Park, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $95,237, marking a significant change.
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Year by year
Cedar Park, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cedar Park increased by $23,734 (24.80%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 10 years and declined for 1 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 8,727 (from $106,977 to $115,704). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 3,182 (from $122,599 to $119,417).
- It then further increased to $93,772 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3939, it is evident that income distribution in Cedar Park, TX exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $137,686. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $64,892.
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