Age of householder
Per the latest American Community Survey by the Census Bureau, Mclendon-Chisholm sees its highest median household income among householders in the age group of 25 to 44 years old, at $169,643. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Mclendon-Chisholm, the median household income stands at $169,643 for householders within the 25 to 44 years age group, followed by $169,461 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $62,276.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $30,954(22.32%), escalating from a median of $138,689 in 2011 to $169,643 in 2021.
- 0 households where the householder is under 25 years old.
- 246(23.21%) households with a householder aged between 25 and 44 years.
- 693(65.38%) households with a householder aged between 45 and 64 years.
- 121(11.42%) households where the householder is over 65 years old.
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Gender
In Mclendon-Chisholm, the population consists of 1,678 males (48.82%) and 1,759 females (51.18%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mclendon-Chisholm, the median income for all workers aged 15 years and older, regardless of work hours, was $97,870 for males and $31,076 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $114,327 for males and $61,477 for females.
- In Mclendon-Chisholm, the median income for all workers aged 15 years and older, regardless of work hours, was $97,870 for males and $31,076 for females.
- In Mclendon-Chisholm, among full-time, year-round workers aged 15 years and older, males earned a median income of $114,327, while females earned $61,477, leading to a 46% gender pay gap among full-time workers. This illustrates that women earn 54 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 Mclendon-Chisholm, the population is predominantly White, constituting 82.34% 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 $169,105.
- In Mclendon-Chisholm, White is both the largest group and the one with the highest median household income, which stands at $169,105.
- In Mclendon-Chisholm, the median household income for the households where the householder is White increased by $28,605(20.36%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $140,500 in 2011 and $169,105 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Mclendon-Chisholm, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mclendon-Chisholm increased by $1,843 (1.31%), 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 2016 to 2017, when the median household income increased by 16,192 (from $136,504 to $152,696). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 34,264 (from $176,393 to $142,129).
- It then further increased to $203,009 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4916, it is evident that income distribution in Mclendon-Chisholm, TX exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $169,423. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $52,830.
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