Gender
In Palo Alto, the population consists of 33,224 males (48.41%) and 35,400 females (51.59%). Here are the primary highlights from the gender-based income distribution analysis:
- In Palo Alto, the median income for all workers aged 15 years and older, regardless of work hours, was $119,297 for males and $65,186 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $207,974 for males and $117,022 for females.
- In Palo Alto, the median income for all workers aged 15 years and older, regardless of work hours, was $119,297 for males and $65,186 for females.
- In Palo Alto, among full-time, year-round workers aged 15 years and older, males earned a median income of $207,974, while females earned $117,022, leading to a 44% gender pay gap among full-time workers. This illustrates that women earn 56 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 Palo Alto, the population is predominantly White, constituting 52.54% 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 $173,510.
- In Palo Alto, 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 $217,378. This reveals that, while Whites may be the most numerous in Palo Alto, Asian households experience greater economic prosperity in terms of median household income.
- In Palo Alto, the median household income for the households where the householder is White increased by $27,160(18.56%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $146,350 in 2012 and $173,510 in 2022.
- In Palo Alto, the median household income for Black or African American households was $148,813 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
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Year by year
Palo Alto, CA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Palo Alto increased by $47,724 (29.31%), 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 2019 to 2020, when the median household income increased by 15,441 (from $181,729 to $197,170). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 3,622 (from $156,874 to $153,252).
- It then further decreased to -666,666,666 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5283, it is evident that income distribution in Palo Alto, CA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $250,001. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $80,437.
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