All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Gender
In Lynwood, the population consists of 33,338 males (49.39%) and 34,159 females (50.61%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lynwood, the median income for all workers aged 15 years and older, regardless of work hours, was $31,381 for males and $24,215 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $38,933 for males and $39,973 for females.
- In Lynwood, the median income for all workers aged 15 years and older, regardless of work hours, was $31,381 for males and $24,215 for females.
- In Lynwood, among full-time, year-round workers aged 15 years and older, males earned a median income of $38,933, while females earned $39,973
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Race
In Lynwood, the population is predominantly White, constituting 41.30% 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 $52,715.
- In Lynwood, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $90,968. This reveals that, while Whites may be the most numerous in Lynwood, Black or African American households experience greater economic prosperity in terms of median household income.
- In Lynwood, the median household income for the households where the householder is White decreased by $5,160(8.92%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $57,875 in 2012 and $52,715 in 2022.
- In Lynwood, the median household income for the households where the householder is Black or African American increased by $25,361(38.66%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $65,607 in 2012 and $90,968 in 2022.
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Year by year
Lynwood, CA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lynwood increased by $7,695 (13.06%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 4,708 (from $59,952 to $64,660). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 3,318 (from $54,719 to $51,401).
- It then further increased to $105,977 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3901, it is evident that income distribution in Lynwood, CA exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $61,570. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $31,268.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)