Gender
In Lincoln County, the population consists of 31,231 males (49.39%) and 32,002 females (50.61%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lincoln County, the median income for all workers aged 15 years and older, regardless of work hours, was $59,664 for males and $36,852 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $70,681 for males and $51,281 for females.
- In Lincoln County, the median income for all workers aged 15 years and older, regardless of work hours, was $59,664 for males and $36,852 for females.
- In Lincoln County, among full-time, year-round workers aged 15 years and older, males earned a median income of $70,681, while females earned $51,281, leading to a 27% gender pay gap among full-time workers. This illustrates that women earn 73 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 Lincoln County, the population is predominantly White, constituting 92.62% 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 $93,036.
- In Lincoln County, 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 $168,519. This reveals that, while Whites may be the most numerous in Lincoln County, Asian households experience greater economic prosperity in terms of median household income.
- In Lincoln County, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $93,036, marking a significant change.
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Year by year
Lincoln County, SD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lincoln County increased by $3,751 (4.13%), 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 2016 to 2017, when the median household income increased by 3,290 (from $94,733 to $98,023). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 2,836 (from $98,023 to $95,187).
- It then further decreased to 34,306 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4064, it is evident that income distribution in Lincoln County, SD exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $103,355. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $57,401.
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