Albany, GA median household income diversity
Based on our analysis of the distribution of Albany population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 74.64% of the total residents in Albany. Notably, the median household income for Black or African American households is $33,196.
Interestingly, despite the Black or African American 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 $68,850. This reveals that, while Black or African Americans may be the most numerous in Albany, Two or More Races households experience greater economic prosperity in terms of median household income.
For a better visual representation of these income disparities, take a look at the bar chart below. It illustrates the varying median household incomes across races, providing a clear comparison for each of the racial categories defined by the U.S. Census Bureau.
As we explore median household incomes in Albany, we observe that Two or More Races households report a median income of about $68,850, White households report a median income of about $52,031 and Black or African American households earn roughly $33,196. These differences shed light on the income distribution within the city of Albany.
Albany, GA median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Albany, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Albany.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Albany, the median household income for the households where the householder is White decreased by $13,000(19.99%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $65,031 in 2012 and $52,031 in 2022.
- Black or African American: In Albany, the median household income for the households where the householder is Black or African American increased by $3,060(10.15%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $30,136 in 2012 and $33,196 in 2022.
- American Indian and Alaska Native: Even though there is a population where the householder is American Indian and Alaska Native, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- Asian: Even though there is a population where the householder is Asian, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- Native Hawaiian and Other Pacific Islander: Even though there is a population where the householder is Native Hawaiian and Other Pacific Islander, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- Some other race: Even though there is a population where the householder is Some other race, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- Two or more races (multiracial): In Albany, there was no reported median household income for multiracial households in 2012. However, in 2022, the median household income increased to $68,850, marking a significant change.
- Above analysis reconfirms that there are 3 race households in Albany. Households are categorized based on the self-identified race of the head of household.
Albany median household income by race betwen 2012 and 2022
Explore the evolution of median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau. This table showcases the annual income trends, from 2012 to 2022, providing insights into the economic shifts within diverse racial communities.
| Race Of The Head Of Household | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $60,136 | $52,316 | $65,031 | $49,756 | $69,466 | $64,939 | $65,482 | $65,283 | $59,566 | $49,848 | N/A | $49,634 | $52,031 |
| Black or African American | $26,322 | $28,955 | $30,136 | $32,342 | $30,613 | $32,451 | $37,217 | $35,459 | $34,975 | $29,959 | N/A | $35,628 | $33,196 |
| Asian | N/A | $3,268 | N/A | $87,481 | N/A | N/A | N/A | $32,331 | N/A | N/A | N/A | $89,456 | N/A |
| Some Other Race | $24,529 | N/A | N/A | N/A | N/A | N/A | N/A | $129,371 | N/A | N/A | N/A | N/A | N/A |
| Two or More Races | N/A | $21,188 | N/A | $74,651 | N/A | $37,781 | N/A | $26,034 | N/A | N/A | N/A | $49,992 | $68,850 |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $68,850. On the other hand, households where householder is White experienced a notable decline, with a decrease of $13,000 in median income.