Biscoe, NC median household income diversity
Based on our analysis of the distribution of Biscoe population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 39.59% of the total residents in Biscoe. Notably, the median household income for White households is not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
Interestingly, despite the White 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 Some Other Race households actually reports the highest median household income, with a median income of $69,609. This reveals that, while Whites may be the most numerous in Biscoe, Some Other Race 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 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
As we explore median household incomes in Biscoe, we observe that Some Other Race households report a median income of about $69,609, Black or African American households report a median income of about $47,601 and Two or More Races households earn roughly $34,425. These differences shed light on the income distribution within the town of Biscoe.
Biscoe, NC median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Biscoe, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Biscoe.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Biscoe, the median household income for White households was $51,877 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- Black or African American: In Biscoe, the median household income for the households where the householder is Black or African American increased by $23,318(96.03%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $24,283 in 2011 and $47,601 in 2021.
- 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 2011 and 2021.
- Asian: In Biscoe, the median household income for Asian households was $3,268 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Biscoe, there are no households with Native Hawaiian and Other Pacific Islander householders. Consequently, the median household income for the Native Hawaiian and Other Pacific Islander population is not available.
- Some other race: In Biscoe, the median household income for the households where the householder is Some other race increased by $19,667(39.38%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $49,942 in 2011 and $69,609 in 2021.
- Two or more races (multiracial): In Biscoe, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $34,425(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 3 race households in Biscoe. Households are categorized based on the self-identified race of the head of household.
Biscoe median household income by race betwen 2011 and 2021
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 2011 to 2021, 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 | $49,192 | $51,877 | $37,944 | $35,047 | $33,968 | $33,784 | $35,374 | $40,087 | $44,257 | $40,324 | $46,506 | N/A | N/A |
| Black or African American | $28,883 | $24,283 | $25,616 | $23,890 | $24,956 | $26,244 | $51,841 | $53,354 | $51,668 | $53,144 | $52,331 | $47,601 | N/A |
| Asian | $3,372 | $3,268 | $3,201 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Some Other Race | $43,485 | $49,942 | $48,964 | $48,540 | $62,912 | $63,254 | $62,212 | $61,278 | $59,914 | $75,044 | N/A | $69,609 | N/A |
| Two or More Races | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $34,425 | N/A |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $34,425. On the other hand, households where householder is White experienced a notable decline, with a decrease of $51,877 in median income.