Gender
In Redwood City, the population consists of 42,297 males (50.41%) and 41,608 females (49.59%). Here are the primary highlights from the gender-based income distribution analysis:
- In Redwood City, the median income for all workers aged 15 years and older, regardless of work hours, was $78,212 for males and $62,074 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $114,334 for males and $101,575 for females.
- In Redwood City, the median income for all workers aged 15 years and older, regardless of work hours, was $78,212 for males and $62,074 for females.
- In Redwood City, among full-time, year-round workers aged 15 years and older, males earned a median income of $114,334, while females earned $101,575, resulting in a 11% gender pay gap among full-time workers. This illustrates that women earn 89 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 Redwood City.
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Race
In Redwood City, the population is predominantly White, constituting 50.93% 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 $155,211.
- In Redwood City, 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 $213,750. This reveals that, while Whites may be the most numerous in Redwood City, Asian households experience greater economic prosperity in terms of median household income.
- In Redwood City, the median household income for the households where the householder is White increased by $52,945(51.77%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $102,266 in 2012 and $155,211 in 2022.
- 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 2012 and 2022.
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Year by year
Redwood City, CA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Redwood City increased by $43,644 (43%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 9 years and declined for 2 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 8,845 (from $125,638 to $134,483). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 1,582 (from $100,828 to $99,246).
- It then further increased to $218,425 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.497, it is evident that income distribution in Redwood City, CA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $176,817. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $101,483.
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