Gender
In Folsom, the population consists of 40,327 males (50.92%) and 38,874 females (49.08%). Here are the primary highlights from the gender-based income distribution analysis:
- In Folsom, the median income for all workers aged 15 years and older, regardless of work hours, was $82,284 for males and $51,144 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $124,505 for males and $82,064 for females.
- In Folsom, the median income for all workers aged 15 years and older, regardless of work hours, was $82,284 for males and $51,144 for females.
- In Folsom, among full-time, year-round workers aged 15 years and older, males earned a median income of $124,505, while females earned $82,064, leading to a 34% gender pay gap among full-time workers. This illustrates that women earn 66 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 Folsom, the population is predominantly White, constituting 63.70% 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 $120,685.
- In Folsom, 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 $191,459. This reveals that, while Whites may be the most numerous in Folsom, Asian households experience greater economic prosperity in terms of median household income.
- In Folsom, the median household income for the households where the householder is White decreased by $1,983(1.62%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $122,668 in 2012 and $120,685 in 2022.
- In Folsom, the median household income for Black or African American households was $98,315 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
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Year by year
Folsom, CA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Folsom increased by $11,113 (8.70%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 9 years and declined for 2 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 5,095 (from $133,717 to $138,812). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 3,292 (from $127,699 to $124,407).
- It then further increased to $201,163 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3961, it is evident that income distribution in Folsom, CA exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $157,885. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $75,501.
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