Gender
In Lake Forest, the population consists of 42,095 males (49.22%) and 43,421 females (50.78%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lake Forest, the median income for all workers aged 15 years and older, regardless of work hours, was $65,626 for males and $36,797 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $105,227 for males and $68,375 for females.
- In Lake Forest, the median income for all workers aged 15 years and older, regardless of work hours, was $65,626 for males and $36,797 for females.
- In Lake Forest, among full-time, year-round workers aged 15 years and older, males earned a median income of $105,227, while females earned $68,375, leading to a 35% gender pay gap among full-time workers. This illustrates that women earn 65 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 Forest, the population is predominantly White, constituting 58.81% 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 $126,144.
- In Lake Forest, 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 $141,546. This reveals that, while Whites may be the most numerous in Lake Forest, Asian households experience greater economic prosperity in terms of median household income.
- In Lake Forest, the median household income for the households where the householder is White increased by $13,923(12.41%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $112,221 in 2012 and $126,144 in 2022.
- In Lake Forest, the median household income for the households where the householder is Black or African American decreased by $35,179(33.94%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $103,661 in 2012 and $68,482 in 2022.
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Year by year
Lake Forest, CA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lake Forest increased by $4,032 (3.28%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 5,983 (from $116,124 to $122,107). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 4,462 (from $123,739 to $119,277).
- 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 0.4506, it is evident that income distribution in Lake Forest, CA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $141,348. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $76,487.
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