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 Commerce City, the population consists of 31,114 males (50.58%) and 30,402 females (49.42%). Here are the primary highlights from the gender-based income distribution analysis:
- In Commerce City, the median income for all workers aged 15 years and older, regardless of work hours, was $54,408 for males and $37,018 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $67,239 for males and $56,808 for females.
- In Commerce City, the median income for all workers aged 15 years and older, regardless of work hours, was $54,408 for males and $37,018 for females.
- In Commerce City, among full-time, year-round workers aged 15 years and older, males earned a median income of $67,239, while females earned $56,808, leading to a 16% gender pay gap among full-time workers. This illustrates that women earn 84 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 Commerce City, the population is predominantly White, constituting 73.29% 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 $106,944.
- In Commerce City, 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 $171,114. This reveals that, while Whites may be the most numerous in Commerce City, Asian households experience greater economic prosperity in terms of median household income.
- In Commerce City, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $106,944, marking a significant change.
- In Commerce City, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $86,992, marking a significant change.
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Year by year
Commerce City, CO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Commerce City increased by $18,005 (23.56%), 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 2019 to 2020, when the median household income increased by 5,495 (from $88,487 to $93,982). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 432 (from $78,513 to $78,081).
- It then further decreased to 2,499 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.369, it is evident that income distribution in Commerce City, CO exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $105,432. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $73,771.
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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)