Gender
In Georgetown, the population consists of 31,062 males (46.70%) and 35,452 females (53.30%). Here are the primary highlights from the gender-based income distribution analysis:
- In Georgetown, the median income for all workers aged 15 years and older, regardless of work hours, was $54,789 for males and $32,439 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $72,995 for males and $54,950 for females.
- In Georgetown, the median income for all workers aged 15 years and older, regardless of work hours, was $54,789 for males and $32,439 for females.
- In Georgetown, among full-time, year-round workers aged 15 years and older, males earned a median income of $72,995, while females earned $54,950, leading to a 25% gender pay gap among full-time workers. This illustrates that women earn 75 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 Georgetown, the population is predominantly White, constituting 80.63% 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 $98,891.
- In Georgetown, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $130,358. This reveals that, while Whites may be the most numerous in Georgetown, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Georgetown, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $98,891, marking a significant change.
- In Georgetown, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $80,139, marking a significant change.
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Year by year
Georgetown, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Georgetown increased by $4,768 (5.80%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 2,701 (from $84,764 to $87,465). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 2,753 (from $79,968 to $77,215).
- 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 0.3996, it is evident that income distribution in Georgetown, TX exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $122,910. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $69,104.
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