Gender
In Malden, the population consists of 32,777 males (49.96%) and 32,825 females (50.04%). Here are the primary highlights from the gender-based income distribution analysis:
- In Malden, the median income for all workers aged 15 years and older, regardless of work hours, was $52,525 for males and $33,976 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,894 for males and $61,308 for females.
- In Malden, the median income for all workers aged 15 years and older, regardless of work hours, was $52,525 for males and $33,976 for females.
- In Malden, among full-time, year-round workers aged 15 years and older, males earned a median income of $73,894, while females earned $61,308, leading to a 17% gender pay gap among full-time workers. This illustrates that women earn 83 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 Malden, the population is predominantly White, constituting 47.93% 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 $102,058.
- In Malden, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $155,053. This reveals that, while Whites may be the most numerous in Malden, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Malden, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $102,058, marking a significant change.
- In Malden, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $99,049, marking a significant change.
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Year by year
Malden, MA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Malden increased by $7,331 (9.64%), 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 7,417 (from $75,754 to $83,171). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 6,933 (from $76,028 to $69,095).
- It then further increased to $250,001 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4033, it is evident that income distribution in Malden, MA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $120,744. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $75,501.
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