Colorado Median Household Income By Race

Colorado median household income diversity

Based on our analysis of the distribution of Colorado population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 78.76% of the total residents in Colorado. Notably, the median household income for White households is $93,728.

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 $105,863. This reveals that, while Whites may be the most numerous in Colorado, 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.

In Colorado, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $105,863. Native Hawaiian and Other Pacific Islander households have a median income of approximately $100,260. White households have a median income of approximately $93,728. Two or More Races households have a median income of approximately $79,392. Some Other Race households have a median income of approximately $69,579. American Indian and Alaska Native households have a median income of approximately $64,555. Conversely, Black or African American households reveal the lowest median income at $60,810. These disparities underscore the varied income distribution within the state of Colorado.

Colorado median household income trends across races

A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Colorado, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the state of Colorado.

Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:

• White: In Colorado, the median household income for the households where the householder is White increased by $17,834(23.50%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $75,894 in 2012 and $93,728 in 2022.
• Black or African American: In Colorado, the median household income for the households where the householder is Black or African American increased by $9,654(18.87%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $51,156 in 2012 and $60,810 in 2022.
• American Indian and Alaska Native: In Colorado, the median household income for the households where the householder is American Indian and Alaska Native increased by $16,799(35.18%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $47,756 in 2012 and $64,555 in 2022.
• Asian: In Colorado, the median household income for the households where the householder is Asian increased by $24,206(29.64%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $81,657 in 2012 and $105,863 in 2022.
• Native Hawaiian and Other Pacific Islander: In Colorado, the median household income for the households where the householder is Native Hawaiian and Other Pacific Islander increased by $33,768(50.79%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $66,492 in 2012 and $100,260 in 2022.
• Some other race: In Colorado, the median household income for the households where the householder is Some other race increased by $26,558(61.73%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $43,021 in 2012 and $69,579 in 2022.
• Two or more races (multiracial): In Colorado, the median household income for the households where the householder is multiracial increased by $19,657(32.91%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $59,735 in 2012 and $79,392 in 2022.
• Above analysis reconfirms that there are 7 race households in Colorado. Households are categorized based on the self-identified race of the head of household.

Key observations: Households with Native Hawaiian and Other Pacific Islander householders witnessed significant growth in median household income, marking an impressive increase of $33,768. Among all racial categories, there was no instance of householders experiencing a decline in median household income, indicating a consistent or upward trend across all household demographics.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Colorado?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2022 1-Year Estimates, households with Asian householders in Colorado have the highest median household income at $105,863.

How does the median household income vary by race in Colorado?

In Colorado, the median household income In Colorado, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $105,863. Native Hawaiian and Other Pacific Islander households have a median income of approximately $100,260. White households have a median income of approximately $93,728. Two or More Races households have a median income of approximately $79,392. Some Other Race households have a median income of approximately $69,579. American Indian and Alaska Native households have a median income of approximately $64,555. Conversely, Black or African American households reveal the lowest median income at $60,810. These disparities underscore the varied income distribution within the state of Colorado..

Which racial group has the lowest median household income according to the Census Bureau in Colorado?

Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2022 1-Year Estimates, households headed by individuals identifying as Black or African American in Colorado exhibit the lowest median household income at $60,810 among the identified racial categories.

What is the median household income for White households in Colorado?

In Colorado, the median household income for the households where the householder is White increased by $17,834(23.50%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $75,894 in 2012 and $93,728 in 2022.

What is the median household income for Black or African American households in Colorado?

In Colorado, the median household income for the households where the householder is Black or African American increased by $9,654(18.87%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $51,156 in 2012 and $60,810 in 2022.

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