The 2018 American Community Survey five-year estimates show median incomes for local households increased from $108,284 in 2013 to $127,133 in 2018.
The U.S. census released the latest ACS five-year estimates for 2014-18 on Dec. 19. According to the bureau, the annual data release “helps local officials, community leaders, and businesses understand the changes taking place in their communities.”
Frisco families with children under the age of 18 had one of the largest median household income estimates for the city. The estimates grew by nearly 25%, from $123,507 in 2013 to $154,197 in 2018. Meanwhile, the estimated median household income for families with no children grew from $108,035 in 2013 to $126,827 in 2018.
The data shows families that identify as white went from having an estimated median household income of $110,371, which was higher than the citywide average, to a 2018 estimate of $125,087, which was less than the Frisco-wide number of $127,133.
The city’s Asian population saw its median household income estimate increase by nearly 22% during the five-year span, growing from $121,122 in 2013 to $147,460 in 2018.
While the data shows a widening gap between the numbers of male and female residents in Frisco, the gap between the estimated median incomes of single men and women is even wider. Single women who live alone saw their estimated median income increase from $44,801 in 2013 to $47,290 in 2018. The estimated median household income for single men living alone increased from $59,435 in 2013 to $73,547 in 2018.
More Frisco information from the 2018 data release can be found here.