Gender
In Frisco, the population consists of 95,574 males (49.48%) and 97,566 females (50.52%). Here are the primary highlights from the gender-based income distribution analysis:
- In Frisco, the median income for all workers aged 15 years and older, regardless of work hours, was $95,365 for males and $50,217 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $119,706 for males and $67,391 for females.
- In Frisco, the median income for all workers aged 15 years and older, regardless of work hours, was $95,365 for males and $50,217 for females.
- In Frisco, among full-time, year-round workers aged 15 years and older, males earned a median income of $119,706, while females earned $67,391, leading to a 44% gender pay gap among full-time workers. This illustrates that women earn 56 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 Frisco, the population is predominantly White, constituting 57.38% 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 $149,772.
- In Frisco, 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 $160,357. This reveals that, while Whites may be the most numerous in Frisco, Asian households experience greater economic prosperity in terms of median household income.
- In Frisco, the median household income for the households where the householder is White increased by $4,395(3.02%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $145,377 in 2012 and $149,772 in 2022.
- In Frisco, the median household income for the households where the householder is Black or African American increased by $9,923(11.52%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $86,142 in 2012 and $96,065 in 2022.
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Year by year
Frisco, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Frisco increased by $5,374 (3.85%), 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 2017 to 2018, when the median household income increased by 4,073 (from $144,553 to $148,626). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 2,739 (from $148,626 to $145,887).
- It then further increased to $250,001 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4188, it is evident that income distribution in Frisco, TX exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $175,969. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $81,273.
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