Age of householder
Per the latest American Community Survey by the Census Bureau, Timbercreek Canyon sees its highest median household income among householders in the age group of 25 to 44 years old, at $150,556. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Timbercreek Canyon, the median household income stands at $150,556 for householders within the 25 to 44 years age group, followed by $145,248 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $94,580.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $31,240(26.18%), escalating from a median of $119,316 in 2011 to $150,556 in 2021.
- 0 households where the householder is under 25 years old.
- 30(13.95%) households with a householder aged between 25 and 44 years.
- 73(33.95%) households with a householder aged between 45 and 64 years.
- 112(52.09%) households where the householder is over 65 years old.
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Gender
In Timbercreek Canyon, the population consists of 249 males (46.89%) and 282 females (53.11%). Here are the primary highlights from the gender-based income distribution analysis:
- In Timbercreek Canyon, the median income for all workers aged 15 years and older, regardless of work hours, was $84,446 for males and $45,189 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $111,807 for males and $79,717 for females.
- In Timbercreek Canyon, the median income for all workers aged 15 years and older, regardless of work hours, was $84,446 for males and $45,189 for females.
- In Timbercreek Canyon, among full-time, year-round workers aged 15 years and older, males earned a median income of $111,807, while females earned $79,717, leading to a 29% gender pay gap among full-time workers. This illustrates that women earn 71 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.
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Race
In Timbercreek Canyon, the population is predominantly White, constituting 87.19% 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 $134,214.
- In Timbercreek Canyon, 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 $144,572. This reveals that, while Whites may be the most numerous in Timbercreek Canyon, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Timbercreek Canyon, the median household income for the households where the householder is White increased by $16,123(13.65%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $118,091 in 2011 and $134,214 in 2021.
- As per the U.S. Census Bureau population data, in Timbercreek Canyon, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Timbercreek Canyon, TX median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Timbercreek Canyon increased by $3,548 (2.69%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 19,390 (from $98,173 to $117,563). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 13,745 (from $131,836 to $118,091).
- It then further increased to $170,919 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.366, it is evident that income distribution in Timbercreek Canyon, TX exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $137,546. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $96,945.
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