Gender
In Flower Mound, the population consists of 38,364 males (51.12%) and 36,686 females (48.88%). Here are the primary highlights from the gender-based income distribution analysis:
- In Flower Mound, the median income for all workers aged 15 years and older, regardless of work hours, was $102,183 for males and $50,593 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $129,053 for males and $79,874 for females.
- In Flower Mound, the median income for all workers aged 15 years and older, regardless of work hours, was $102,183 for males and $50,593 for females.
- In Flower Mound, among full-time, year-round workers aged 15 years and older, males earned a median income of $129,053, while females earned $79,874, leading to a 38% gender pay gap among full-time workers. This illustrates that women earn 62 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 Flower Mound, the population is predominantly White, constituting 75.87% 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 $144,251.
- In Flower Mound, 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 $174,741. This reveals that, while Whites may be the most numerous in Flower Mound, Asian households experience greater economic prosperity in terms of median household income.
- In Flower Mound, the median household income for the households where the householder is White decreased by $6,045(4.02%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $150,296 in 2012 and $144,251 in 2022.
- In Flower Mound, the median household income for the households where the householder is Black or African American increased by $27,356(23.76%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $115,133 in 2012 and $142,489 in 2022.
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Year by year
Flower Mound, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Flower Mound increased by $5,831 (3.86%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 3,414 (from $151,067 to $154,481). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 2,419 (from $154,481 to $152,062).
- 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 0.4068, it is evident that income distribution in Flower Mound, TX exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $160,385. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $71,421.
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