Colorado Springs, CO Median Household Income By Race

Colorado Springs, CO median household income diversity

Based on our analysis of the distribution of Colorado Springs population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 75.23% of the total residents in Colorado Springs. Notably, the median household income for White households is $83,302.

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 $106,242. This reveals that, while Whites may be the most numerous in Colorado Springs, 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 Springs, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $106,242. White households have a median income of approximately $83,302. Two or More Races households have a median income of approximately $64,724. Some Other Race households have a median income of approximately $59,856. American Indian and Alaska Native households have a median income of approximately $53,786. Conversely, Black or African American households reveal the lowest median income at $48,874. These disparities underscore the varied income distribution within the city of Colorado Springs.

Colorado Springs, CO median household income trends across races

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

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

• White: In Colorado Springs, the median household income for the households where the householder is White increased by $12,735(18.05%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $70,567 in 2012 and $83,302 in 2022.
• Black or African American: In Colorado Springs, the median household income for the households where the householder is Black or African American decreased by $3,760(7.14%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $52,634 in 2012 and $48,874 in 2022.
• American Indian and Alaska Native: In Colorado Springs, the median household income for the households where the householder is American Indian and Alaska Native decreased by $10,550(16.40%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $64,336 in 2012 and $53,786 in 2022.
• Asian: In Colorado Springs, the median household income for the households where the householder is Asian increased by $26,030(32.45%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $80,212 in 2012 and $106,242 in 2022.
• Native Hawaiian and Other Pacific Islander: In Colorado Springs, the median household income for Native Hawaiian and Other Pacific Islander households was $74,813 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
• Some other race: In Colorado Springs, the median household income for the households where the householder is Some other race increased by $27,278(83.73%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $32,578 in 2012 and $59,856 in 2022.
• Two or more races (multiracial): In Colorado Springs, the median household income for the households where the householder is multiracial increased by $7,820(13.74%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $56,904 in 2012 and $64,724 in 2022.
• Above analysis reconfirms that there are 6 race households in Colorado Springs. Households are categorized based on the self-identified race of the head of household.

Key observations: Households with Some other race householders witnessed significant growth in median household income, marking an impressive increase of $27,278. On the other hand, households where householder is Native Hawaiian and Other Pacific Islander experienced a notable decline, with a decrease of $74,813 in median income.

Things to know

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

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 Springs have the highest median household income at $106,242.

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

In Colorado Springs, the median household income In Colorado Springs, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $106,242. White households have a median income of approximately $83,302. Two or More Races households have a median income of approximately $64,724. Some Other Race households have a median income of approximately $59,856. American Indian and Alaska Native households have a median income of approximately $53,786. Conversely, Black or African American households reveal the lowest median income at $48,874. These disparities underscore the varied income distribution within the city of Colorado Springs..

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

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 Springs exhibit the lowest median household income at $48,874 among the identified racial categories.

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

In Colorado Springs, the median household income for the households where the householder is White increased by $12,735(18.05%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $70,567 in 2012 and $83,302 in 2022.

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

In Colorado Springs, the median household income for the households where the householder is Black or African American decreased by $3,760(7.14%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $52,634 in 2012 and $48,874 in 2022.

References