Colonial Beach, VA median household income diversity
Based on our analysis of the distribution of Colonial Beach population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 82.91% of the total residents in Colonial Beach. Notably, the median household income for White households is $71,377.
Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $131,446. This reveals that, while Whites may be the most numerous in Colonial Beach, Asian 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 Colonial Beach, we observe that Asian households report a median income of about $131,446, White households report a median income of about $71,377 and Black or African American households earn roughly $49,325. These differences shed light on the income distribution within the town of Colonial Beach.
Colonial Beach, VA median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Colonial Beach, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Colonial Beach.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Colonial Beach, the median household income for the households where the householder is White increased by $15,740(28.29%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $55,637 in 2011 and $71,377 in 2021.
- Black or African American: In Colonial Beach, the median household income for the households where the householder is Black or African American decreased by $12,563(20.30%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $61,888 in 2011 and $49,325 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 Colonial Beach, there was no reported median household income for Asian households in 2011. However, in 2021, the median household income increased to $131,446(2022 inflation-adjusted dollars), marking a significant change.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Colonial Beach, 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: According to U.S. Census Bureau population data for Colonial Beach, Some other race-led households are absent, rendering the median household income for the Some other race population inconclusive.
- 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 2011 and 2021.
- Above analysis reconfirms that there are 3 race households in Colonial Beach. Households are categorized based on the self-identified race of the head of household.
Colonial Beach 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 | $64,884 | $55,637 | $55,146 | $59,705 | $62,451 | $55,291 | $67,383 | $62,968 | $58,656 | $54,580 | $65,628 | $71,377 | N/A |
| Black or African American | $39,214 | $61,888 | $61,295 | $61,035 | $30,605 | N/A | N/A | $97,237 | N/A | N/A | N/A | $49,325 | N/A |
| Asian | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $131,811 | $131,446 | N/A |
Key observations: Households with Asian householders witnessed significant growth in median household income, marking an impressive increase of $131,446. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $12,563 in median income.