Gender
In Lake Elsinore, the population consists of 33,600 males (48.82%) and 35,222 females (51.18%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lake Elsinore, the median income for all workers aged 15 years and older, regardless of work hours, was $46,409 for males and $24,072 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,677 for males and $45,796 for females.
- In Lake Elsinore, the median income for all workers aged 15 years and older, regardless of work hours, was $46,409 for males and $24,072 for females.
- In Lake Elsinore, among full-time, year-round workers aged 15 years and older, males earned a median income of $68,677, while females earned $45,796, leading to a 33% gender pay gap among full-time workers. This illustrates that women earn 67 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 Lake Elsinore, the population is predominantly White, constituting 46.93% 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 $101,145.
- In Lake Elsinore, despite the White population being the most populous, it is worth noting that American Indian and Alaska Native households actually reports the highest median household income, with a median income of $136,272. This reveals that, while Whites may be the most numerous in Lake Elsinore, American Indian and Alaska Native households experience greater economic prosperity in terms of median household income.
- In Lake Elsinore, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $101,145, marking a significant change.
- In Lake Elsinore, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $62,614, marking a significant change.
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Year by year
Lake Elsinore, CA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lake Elsinore increased by $867 (1.01%), 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 2018 to 2019, when the median household income increased by 2,962 (from $79,108 to $82,070). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 3,417 (from $83,385 to $79,968).
- It then further increased to $76,533 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3844, it is evident that income distribution in Lake Elsinore, CA exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $95,781. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $67,919.
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