Gender
In Plymouth, the population consists of 39,200 males (48.98%) and 40,834 females (51.02%). Here are the primary highlights from the gender-based income distribution analysis:
- In Plymouth, the median income for all workers aged 15 years and older, regardless of work hours, was $80,350 for males and $48,158 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $120,384 for males and $75,201 for females.
- In Plymouth, the median income for all workers aged 15 years and older, regardless of work hours, was $80,350 for males and $48,158 for females.
- In Plymouth, among full-time, year-round workers aged 15 years and older, males earned a median income of $120,384, while females earned $75,201, leading to a 38% gender pay gap among full-time workers. This illustrates that women earn 62 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 Plymouth, the population is predominantly White, constituting 76.74% 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 $103,428.
- In Plymouth, 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 $171,564. This reveals that, while Whites may be the most numerous in Plymouth, Asian households experience greater economic prosperity in terms of median household income.
- In Plymouth, the median household income for the households where the householder is White decreased by $7,270(6.57%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $110,698 in 2012 and $103,428 in 2022.
- In Plymouth, the median household income for the households where the householder is Black or African American decreased by $8,496(12.36%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $68,721 in 2012 and $60,225 in 2022.
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Year by year
Plymouth, MN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Plymouth increased by $14,359 (12.47%), 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 2017 to 2018, when the median household income increased by 7,212 (from $110,021 to $117,233). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 4,606 (from $111,083 to $106,477).
- 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 0.4779, it is evident that income distribution in Plymouth, MN exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $161,755. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $61,250.
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