Albany, NY median household income diversity
Based on our analysis of the distribution of Albany population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 54.02% of the total residents in Albany. Notably, the median household income for White households is $65,965.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $65,965.
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 White households report a median income of about $65,965, Black or African American households report a median income of about $33,948 and Asian households earn roughly $24,310. These differences shed light on the income distribution within the city of Albany.
Albany, NY 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 $2,497(3.65%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $68,462 in 2012 and $65,965 in 2022.
- Black or African American: In Albany, the median household income for the households where the householder is Black or African American decreased by $2,473(6.79%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $36,421 in 2012 and $33,948 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: In Albany, the median household income for the households where the householder is Asian decreased by $26,680(52.32%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $50,990 in 2012 and $24,310 in 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): Even though there is a population where the householder is multiracial, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- 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 | $55,577 | $58,955 | $68,462 | $53,276 | $66,219 | $63,247 | $74,073 | $75,174 | $55,812 | $71,818 | N/A | $71,706 | $65,965 |
| Black or African American | $33,219 | $34,291 | $36,421 | $30,563 | $38,556 | $31,117 | $29,080 | $30,441 | $38,203 | $34,002 | N/A | $37,687 | $33,948 |
| American Indian and Alaska Native | N/A | $15,283 | N/A | N/A | N/A | N/A | N/A | $21,698 | N/A | N/A | N/A | N/A | N/A |
| Asian | N/A | N/A | $50,990 | N/A | $27,604 | $48,948 | $51,003 | $68,393 | $83,022 | $44,658 | N/A | N/A | $24,310 |
| Some Other Race | N/A | N/A | N/A | N/A | N/A | N/A | $36,561 | N/A | $56,856 | N/A | N/A | $39,032 | N/A |
| Two or More Races | N/A | $53,148 | N/A | N/A | $38,246 | $40,615 | N/A | N/A | $41,781 | N/A | N/A | N/A | N/A |
Key observations: X Households where householder is Asian experienced a notable decline, with a decrease of $26,680 in median income. No racial category of householders experienced an increase in median household income; instead, declines were observed across the various demographics, signaling a uniform trend of decreasing incomes among households.