Gender
In Palatine, the population consists of 32,564 males (48.06%) and 35,190 females (51.94%). Here are the primary highlights from the gender-based income distribution analysis:
- In Palatine, the median income for all workers aged 15 years and older, regardless of work hours, was $60,814 for males and $37,544 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $81,193 for males and $62,732 for females.
- In Palatine, the median income for all workers aged 15 years and older, regardless of work hours, was $60,814 for males and $37,544 for females.
- In Palatine, among full-time, year-round workers aged 15 years and older, males earned a median income of $81,193, while females earned $62,732, leading to a 23% gender pay gap among full-time workers. This illustrates that women earn 77 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 Palatine, the population is predominantly White, constituting 66.64% 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 $93,228.
- In Palatine, 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 $163,968. This reveals that, while Whites may be the most numerous in Palatine, Asian households experience greater economic prosperity in terms of median household income.
- In Palatine, the median household income for the households where the householder is White decreased by $4,472(4.58%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $97,700 in 2012 and $93,228 in 2022.
- In Palatine, the median household income for the households where the householder is Black or African American increased by $16,104(20.69%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $77,819 in 2012 and $93,923 in 2022.
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Year by year
Palatine, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Palatine decreased by $6,521 (6.53%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 3,141 (from $88,670 to $91,811). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 4,629 (from $99,928 to $95,299).
- It then further decreased to -666,666,666 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.414, it is evident that income distribution in Palatine, IL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $116,571. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $66,287.
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