Gender
In Redondo Beach, the population consists of 35,562 males (50.09%) and 35,436 females (49.91%). Here are the primary highlights from the gender-based income distribution analysis:
- In Redondo Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $93,277 for males and $58,130 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $116,658 for males and $100,701 for females.
- In Redondo Beach, the median income for all workers aged 15 years and older, regardless of work hours, was $93,277 for males and $58,130 for females.
- In Redondo Beach, among full-time, year-round workers aged 15 years and older, males earned a median income of $116,658, while females earned $100,701, resulting in a 14% gender pay gap among full-time workers. This illustrates that women earn 86 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 Redondo Beach.
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Race
In Redondo Beach, the population is predominantly White, constituting 65.71% 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 $146,994.
- In Redondo Beach, 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 $160,951. This reveals that, while Whites may be the most numerous in Redondo Beach, Asian households experience greater economic prosperity in terms of median household income.
- In Redondo Beach, the median household income for the households where the householder is White increased by $11,299(8.33%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $135,695 in 2012 and $146,994 in 2022.
- In Redondo Beach, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $82,002, marking a significant change.
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Year by year
Redondo Beach, CA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Redondo Beach increased by $10,118 (8.17%), 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 6,044 (from $125,208 to $131,252). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 3,329 (from $130,262 to $126,933).
- 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 0.4334, it is evident that income distribution in Redondo Beach, CA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $174,840. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $89,628.
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