Gender
In Medford, the population consists of 29,154 males (48.02%) and 31,554 females (51.98%). Here are the primary highlights from the gender-based income distribution analysis:
- In Medford, the median income for all workers aged 15 years and older, regardless of work hours, was $62,311 for males and $47,457 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $93,140 for males and $78,942 for females.
- In Medford, the median income for all workers aged 15 years and older, regardless of work hours, was $62,311 for males and $47,457 for females.
- In Medford, among full-time, year-round workers aged 15 years and older, males earned a median income of $93,140, while females earned $78,942, resulting in a 15% gender pay gap among full-time workers. This illustrates that women earn 85 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the city of Medford.
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Race
In Medford, the population is predominantly White, constituting 70.91% 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 $110,484.
- In Medford, 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 $165,097. This reveals that, while Whites may be the most numerous in Medford, Asian households experience greater economic prosperity in terms of median household income.
- In Medford, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $110,484, marking a significant change.
- In Medford, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $125,638, marking a significant change.
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Year by year
Medford, MA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Medford increased by $21,993 (23.25%), 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 5,874 (from $97,365 to $103,239). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 1,929 (from $96,635 to $94,706).
- 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 0.4583, it is evident that income distribution in Medford, MA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $143,505. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $68,932.
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