Gender
In Schaumburg, the population consists of 37,866 males (48.51%) and 40,187 females (51.49%). Here are the primary highlights from the gender-based income distribution analysis:
- In Schaumburg, the median income for all workers aged 15 years and older, regardless of work hours, was $66,013 for males and $37,074 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $75,518 for males and $60,980 for females.
- In Schaumburg, the median income for all workers aged 15 years and older, regardless of work hours, was $66,013 for males and $37,074 for females.
- In Schaumburg, among full-time, year-round workers aged 15 years and older, males earned a median income of $75,518, while females earned $60,980, leading to a 19% gender pay gap among full-time workers. This illustrates that women earn 81 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.
Read more about Schaumburg, IL income by gender ➔
Race
In Schaumburg, the population is predominantly White, constituting 58.74% 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 $88,165.
- In Schaumburg, 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 $117,504. This reveals that, while Whites may be the most numerous in Schaumburg, Asian households experience greater economic prosperity in terms of median household income.
- In Schaumburg, the median household income for the households where the householder is White decreased by $2,966(3.25%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $91,131 in 2012 and $88,165 in 2022.
- In Schaumburg, the median household income for the households where the householder is Black or African American increased by $46,970(70.88%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $66,268 in 2012 and $113,238 in 2022.
Read more about Schaumburg, IL median household income by race ➔
Year by year
Schaumburg, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Schaumburg increased by $1,984 (2.20%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 2,191 (from $93,221 to $95,412). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 2,056 (from $95,412 to $93,356).
- It then further increased to $96,295 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3945, it is evident that income distribution in Schaumburg, IL exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $101,617. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $64,581.
Read more about Schaumburg, IL median household income ➔