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
Age of householder
Per the latest American Community Survey by the Census Bureau, Southside Place sees its highest median household income among householders in the age group of 65 years and over old, at $270,229. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Southside Place, the median household income stands at $270,229 for householders within the 65 years and over age group, followed by $251,520 for the 45 to 64 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $95,203.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $158,936(142.81%), escalating from a median of $111,293 in 2011 to $270,229 in 2021.
- 6(1.05%) households where the householder is under 25 years old.
- 200(35.15%) households with a householder aged between 25 and 44 years.
- 244(42.88%) households with a householder aged between 45 and 64 years.
- 119(20.91%) households where the householder is over 65 years old.
![Southside Place, TX median household income by age of householder The bar chart shows Southside Place, TX median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).](https://i.neilsberg.com/ch/southside-place-tx-median-household-income-by-age.jpeg)
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Gender
In Southside Place, the population consists of 678 males (45.81%) and 802 females (54.19%). Here are the primary highlights from the gender-based income distribution analysis:
- In Southside Place, the median income for all workers aged 15 years and older, regardless of work hours, was $126,556 for males and $67,364 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $227,377 for males and $88,275 for females.
- In Southside Place, the median income for all workers aged 15 years and older, regardless of work hours, was $126,556 for males and $67,364 for females.
- In Southside Place, among full-time, year-round workers aged 15 years and older, males earned a median income of $227,377, while females earned $88,275, leading to a 61% gender pay gap among full-time workers. This illustrates that women earn 39 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.
![Southside Place, TX gender based income disparity Line chart showing the annual median income trends in Southside Place, TX for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).](https://i.neilsberg.com/ch/southside-place-tx-income-by-gender.jpeg)
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Race
In Southside Place, the population is predominantly White, constituting 64.86% 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 $190,961.
- In Southside Place, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $270,229. This reveals that, while Whites may be the most numerous in Southside Place, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Southside Place, the median household income for the households where the householder is White decreased by $27,241(12.48%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $218,202 in 2011 and $190,961 in 2021.
- In Southside Place, the median household income for Black or African American households was $40,862 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
![Southside Place, TX median household income diversity across racial categories The bar chart shows Southside Place, TX median household income across all racial categories identified by the U.S. Census Bureau.](https://i.neilsberg.com/ch/southside-place-tx-median-household-income-by-race.jpeg)
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Year by year
Southside Place, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Southside Place increased by $26,502 (17.32%), 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 45,989 (from $200,975 to $246,964). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 103,809 (from $283,286 to $179,477).
- It then further increased to $270,229 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5686, it is evident that income distribution in Southside Place, TX exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $270,229. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $78,864.
![Southside Place, TX median household income trend (2010-2021, in 2022 inflation-adjusted dollars) The line chart shows Southside Place, TX median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.](https://i.neilsberg.com/ch/southside-place-tx-median-household-income-trend.jpeg)
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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)