Gender
In Woodbury, the population consists of 36,765 males (49.67%) and 37,249 females (50.33%). Here are the primary highlights from the gender-based income distribution analysis:
- In Woodbury, the median income for all workers aged 15 years and older, regardless of work hours, was $76,129 for males and $46,581 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $99,174 for males and $80,408 for females.
- In Woodbury, the median income for all workers aged 15 years and older, regardless of work hours, was $76,129 for males and $46,581 for females.
- In Woodbury, among full-time, year-round workers aged 15 years and older, males earned a median income of $99,174, while females earned $80,408, 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.
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Race
In Woodbury, the population is predominantly White, constituting 78.18% 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 $118,937.
- In Woodbury, 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 $138,908. This reveals that, while Whites may be the most numerous in Woodbury, Asian households experience greater economic prosperity in terms of median household income.
- In Woodbury, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $118,937, marking a significant change.
- In Woodbury, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $112,288, marking a significant change.
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Year by year
Woodbury, MN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Woodbury increased by $195 (0.16%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 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 1,415 (from $123,211 to $124,626). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 2,184 (from $124,626 to $122,442).
- It then further increased to $176,989 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4106, it is evident that income distribution in Woodbury, MN exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $140,061. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $68,996.
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