Median Household Income by Racial Categories in Cherry Valley, IL , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Cherry Valley, 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 | $70,182 |
| Black or African American | $36,250 |
| Two or More Races | $124,948 |
TABLE OF CONTENTS
Cherry Valley, IL median household income diversity
Based on our analysis of the distribution of Cherry Valley population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 64.26% of the total residents in Cherry Valley. Notably, the median household income for White households is $70,182.
Interestingly, despite the White 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 $124,948. This reveals that, while Whites may be the most numerous in Cherry Valley, 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. 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 Cherry Valley, we observe that Two or More Races households report a median income of about $124,948, White households report a median income of about $70,182 and Black or African American households earn roughly $36,250. These differences shed light on the income distribution within the village of Cherry Valley.
Cherry Valley, IL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Cherry Valley, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of Cherry Valley.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Cherry Valley, the median household income for the households where the householder is White decreased by $9,968(12.44%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $80,150 in 2013 and $70,182 in 2023.
- Black or African American: In Cherry Valley, there was no reported median household income for Black or African American households in 2013. However, in 2023, the median household income increased to $36,250, marking a significant change.
- 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 2013 and 2023.
- Asian: In Cherry Valley, the median household income for Asian households was $186,387 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, 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 Cherry Valley, 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: 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 2013 and 2023.
- Two or more races (multiracial): In Cherry Valley, there was no reported median household income for multiracial households in 2013. However, in 2023, the median household income increased to $124,948, marking a significant change.
- Above analysis reconfirms that there are 3 race households in Cherry Valley. Households are categorized based on the self-identified race of the head of household.
Cherry Valley 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 | $79,410 | $77,926 | $80,198 | $80,150 | $78,809 | $76,504 | $77,927 | $75,973 | $74,355 | $75,544 | $80,134 | $77,834 | $73,484 | $70,182 |
| Black or African American | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $23,917 | N/A | $36,250 |
| Asian | $186,374 | $94,285 | $91,271 | $186,387 | $88,570 | $168,772 | N/A | $137,172 | $191,849 | $191,667 | N/A | N/A | N/A | N/A |
| Two or More Races | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $42,810 | N/A | N/A | N/A | N/A | $157,408 | $124,948 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Cherry Valley, IL?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Two or More Races householders in Cherry Valley have the highest median household income at $124,948.
How does the median household income vary by race in Cherry Valley, IL?
In Cherry Valley, the median household income As we explore median household incomes in Cherry Valley, we observe that Two or More Races households report a median income of about $124,948, White households report a median income of about $70,182 and Black or African American households earn roughly $36,250. These differences shed light on the income distribution within the village of Cherry Valley..
Which racial group has the lowest median household income according to the Census Bureau in Cherry Valley, IL?
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 Black or African American in Cherry Valley exhibit the lowest median household income at $36,250 among the identified racial categories.
What is the median household income for White households in Cherry Valley, IL?
In Cherry Valley, the median household income for the households where the householder is White decreased by $9,968(12.44%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $80,150 in 2013 and $70,182 in 2023.
What is the median household income for Black or African American households in Cherry Valley, IL?
In Cherry Valley, there was no reported median household income for Black or African American households in 2013. However, in 2023, the median household income increased to $36,250, marking a significant change.
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)