All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Gender
In Rochester Hills, the population consists of 37,294 males (49.08%) and 38,696 females (50.92%). Here are the primary highlights from the gender-based income distribution analysis:
- In Rochester Hills, the median income for all workers aged 15 years and older, regardless of work hours, was $76,070 for males and $31,850 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $96,355 for males and $66,246 for females.
- In Rochester Hills, the median income for all workers aged 15 years and older, regardless of work hours, was $76,070 for males and $31,850 for females.
- In Rochester Hills, among full-time, year-round workers aged 15 years and older, males earned a median income of $96,355, while females earned $66,246, leading to a 31% gender pay gap among full-time workers. This illustrates that women earn 69 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 Rochester Hills, the population is predominantly White, constituting 78.61% 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 $101,808.
- In Rochester Hills, 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 $152,532. This reveals that, while Whites may be the most numerous in Rochester Hills, Asian households experience greater economic prosperity in terms of median household income.
- In Rochester Hills, the median household income for the households where the householder is White increased by $1,300(1.29%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $100,508 in 2012 and $101,808 in 2022.
- In Rochester Hills, the median household income for the households where the householder is Black or African American decreased by $262(0.23%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $112,397 in 2012 and $112,135 in 2022.
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Year by year
Rochester Hills, MI median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Rochester Hills increased by $9,647 (9.16%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 5,058 (from $107,878 to $112,936). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 3,710 (from $103,310 to $99,600).
- 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 0.4209, it is evident that income distribution in Rochester Hills, MI exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $134,206. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $53,210.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)