Age of householder
Per the latest American Community Survey by the Census Bureau, Sedro-Woolley sees its highest median household income among householders in the age group of 45 to 64 years old, at $91,788. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Sedro-Woolley, householders within the 45 to 64 years age group have the highest median household income at $91,788, followed by those in the 25 to 44 years age group with an income of $72,168. Meanwhile householders within the under 25 years age group report the second lowest median household income of $68,136. Notably, householders within the 65 years and over age group, had the lowest median household income at $53,138.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $27,376(67.16%), escalating from a median of $40,760 in 2011 to $68,136 in 2021.
- 165(3.69%) households where the householder is under 25 years old.
- 1,890(42.23%) households with a householder aged between 25 and 44 years.
- 1,352(30.21%) households with a householder aged between 45 and 64 years.
- 1,069(23.88%) households where the householder is over 65 years old.
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Gender
In Sedro-Woolley, the population consists of 6,365 males (51.89%) and 5,901 females (48.11%). Here are the primary highlights from the gender-based income distribution analysis:
- In Sedro-Woolley, the median income for all workers aged 15 years and older, regardless of work hours, was $47,663 for males and $29,073 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,921 for males and $48,865 for females.
- In Sedro-Woolley, the median income for all workers aged 15 years and older, regardless of work hours, was $47,663 for males and $29,073 for females.
- In Sedro-Woolley, among full-time, year-round workers aged 15 years and older, males earned a median income of $55,921, while females earned $48,865, resulting in a 13% gender pay gap among full-time workers. This illustrates that women earn 87 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 Sedro-Woolley.
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Race
In Sedro-Woolley, the population is predominantly White, constituting 79.53% 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 $71,379.
- In Sedro-Woolley, 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 $91,777. This reveals that, while Whites may be the most numerous in Sedro-Woolley, Asian households experience greater economic prosperity in terms of median household income.
- In Sedro-Woolley, the median household income for the households where the householder is White increased by $711(1.01%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $70,668 in 2011 and $71,379 in 2021.
- 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 2011 and 2021.
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Year by year
Sedro-Woolley, WA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Sedro-Woolley increased by $2,137 (3.06%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 7,157 (from $57,009 to $64,166). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 8,615 (from $63,237 to $54,622).
- It then further increased to $83,664 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3392, it is evident that income distribution in Sedro-Woolley, WA exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $76,731. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $56,748.
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