Gender
In Castle Rock, the population consists of 35,255 males (49.63%) and 35,782 females (50.37%). Here are the primary highlights from the gender-based income distribution analysis:
- In Castle Rock, the median income for all workers aged 15 years and older, regardless of work hours, was $78,092 for males and $41,963 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $101,124 for males and $65,254 for females.
- In Castle Rock, the median income for all workers aged 15 years and older, regardless of work hours, was $78,092 for males and $41,963 for females.
- In Castle Rock, among full-time, year-round workers aged 15 years and older, males earned a median income of $101,124, while females earned $65,254, leading to a 35% gender pay gap among full-time workers. This illustrates that women earn 65 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.
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Race
In Castle Rock, the population is predominantly White, constituting 88.17% 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 $141,815.
- In Castle Rock, 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 $168,750. This reveals that, while Whites may be the most numerous in Castle Rock, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Castle Rock, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $141,815, marking a significant change.
- In Castle Rock, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $124,429, marking a significant change.
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Year by year
Castle Rock, CO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Castle Rock increased by $15,899 (13.79%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 7,172 (from $113,933 to $121,105). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 4,155 (from $115,311 to $111,156).
- It then further increased to $167,568 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4119, it is evident that income distribution in Castle Rock, CO exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $161,685. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $70,608.
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