Median Household Income by Racial Categories in Biscayne Park, FL , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Biscayne Park, based on the latest 5-Year estimates from the American Community Survey , when adjusted for the inflation.
| Race Of The Head Of Household | Median Household Income |
|---|---|
| White | $89,393 |
| Some Other Race | $24,387 |
TABLE OF CONTENTS
Biscayne Park, FL median household income diversity
Based on our analysis of the distribution of Biscayne Park population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 37.86% of the total residents in Biscayne Park. Notably, the median household income for Black or African American households is not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
Interestingly, despite the Black or African American population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that White households actually reports the highest median household income, with a median income of $89,393. This reveals that, while Black or African Americans may be the most numerous in Biscayne Park, White 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. All incomes have been adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
As we explore median household incomes in Biscayne Park, we observe that White households report a median income of about $89,393, while Some Other Race households earn around $24,387. These differences shed light on the income distribution within the village of Biscayne Park.
Biscayne Park, FL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Biscayne Park, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of Biscayne Park.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Biscayne Park, the median household income for the households where the householder is White increased by $2,905(3.36%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $86,488 in 2013 and $89,393 in 2023.
- Black or African American: In Biscayne Park, the median household income for Black or African American households was $80,224 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Biscayne Park, indicates a lack of households led by American Indian and Alaska Native individuals. As a result, the median household income for the American Indian and Alaska Native population is not available.
- 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 2013 and 2023.
- 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 2013 and 2023.
- Some other race: In Biscayne Park, there was no reported median household income for Some other race households in 2013. However, in 2023, the median household income increased to $24,387, marking a significant change.
- 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 2013 and 2023.
- Above analysis reconfirms that there are 2 race households in Biscayne Park. Households are categorized based on the self-identified race of the head of household.
Biscayne Park median household income by race betwen 2013 and 2023
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 2013 to 2023, 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 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $90,803 | $86,241 | $88,008 | $86,488 | $83,686 | $97,495 | $88,979 | $112,642 | $104,230 | $111,553 | $109,434 | $91,547 | $90,040 | $89,393 |
| Black or African American | $79,028 | $79,199 | $28,617 | $80,224 | $32,154 | N/A | N/A | $61,359 | N/A | $58,733 | $43,375 | N/A | N/A | N/A |
| Asian | $190,610 | $60,959 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Some Other Race | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $24,387 |
| Two or More Races | $27,686 | N/A | $333,409 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $162,472 | $163,991 | N/A | N/A |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Biscayne Park, FL?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with White householders in Biscayne Park have the highest median household income at $89,393.
How does the median household income vary by race in Biscayne Park, FL?
In Biscayne Park, the median household income As we explore median household incomes in Biscayne Park, we observe that White households report a median income of about $89,393, while Some Other Race households earn around $24,387. These differences shed light on the income distribution within the village of Biscayne Park..
Which racial group has the lowest median household income according to the Census Bureau in Biscayne Park, FL?
Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2019-2023 5-Year Estimates, households headed by individuals identifying as Some Other Race in Biscayne Park exhibit the lowest median household income at $24,387 among the identified racial categories.
What is the median household income for White households in Biscayne Park, FL?
In Biscayne Park, the median household income for the households where the householder is White increased by $2,905(3.36%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $86,488 in 2013 and $89,393 in 2023.
What is the median household income for Black or African American households in Biscayne Park, FL?
In Biscayne Park, the median household income for Black or African American households was $80,224 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)
