Federal data: Same-sex couples earn more, on average

Posted by Lauren S. CohenOct 05, 20160 Comments

Different types of married couples can vary from each other in a range of ways. This includes in their income level. Recently released federal data points to their being general income differences between same-sex and heterosexual couples.

The data is from the U.S. Treasury Department. It regards the average household income of couples in 2014. The data indicates that same-sex couples had a higher average income that year than opposite-sex couples. This was the case for both male same-sex couples and lesbian couples. However, the margin of the difference was much larger for male same-sex couples than for female same-sex couples. Lesbian couples' average income only outpaced opposite-sex couple income by around $11,000, while that of male same-sex couples did so by around $63,000.

Possible contributors to the high income level of male same-sex couples include what regions same-sex couples tend to live in, the gender pay gap and the fact that having kids isn't as common among male same-sex couples.

Income level can have many impacts on a married couple. For one, it can affect what kinds of issues come up if the couple ultimately decides to get divorced. Some special matters and considerations can arise in a divorce when the couple in question has a particularly high income. Whether an individual seeking a divorce here in New York is in a same-sex or opposite-sex marriage, they may want a skilled attorney's guidance when it comes to special issues triggered by their income level or the assets they have, such as unique concerns regarding property division.

Source: Money, “Same-Sex Male Couples Outearn Straight Couples by More Than $60,000,” Kaitlin Mulhere, Sept. 13, 2016