Median Household Income by Racial Categories in Cool Valley, MO , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Cool 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 | $65,000 |
| Black or African American | $50,556 |
| Two or More Races | $2,499 |
TABLE OF CONTENTS
Cool Valley, MO median household income diversity
Based on our analysis of the distribution of Cool Valley population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 89.23% of the total residents in Cool Valley. Notably, the median household income for Black or African American households is $50,556.
Interestingly, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $65,000. This reveals that, while Black or African Americans may be the most numerous in Cool Valley, White 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 Cool Valley, we observe that White households report a median income of about $65,000, Black or African American households report a median income of about $50,556 and Two or More Races households earn roughly $2,499. These differences shed light on the income distribution within the city of Cool Valley.
Cool Valley, MO median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Cool Valley, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Cool Valley.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Cool Valley, the median household income for the households where the householder is White increased by $10,222(18.66%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $54,778 in 2013 and $65,000 in 2023.
- Black or African American: In Cool Valley, the median household income for the households where the householder is Black or African American increased by $798(1.60%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $49,758 in 2013 and $50,556 in 2023.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Cool Valley, indicates a lack of households led by American Indian and Alaska Native individuals. As a result, the median household income for the American Indian and Alaska Native population is not available.
- Asian: Even though there is a population where the householder is Asian, there was no median household income reported by the U.S. Census Bureau for both 2013 and 2023.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Cool 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: According to U.S. Census Bureau population data for Cool Valley, Some other race-led households are absent, rendering the median household income for the Some other race population inconclusive.
- Two or more races (multiracial): In Cool Valley, there was no reported median household income for multiracial households in 2013. However, in 2023, the median household income increased to $2,499, marking a significant change.
- Above analysis reconfirms that there are 3 race households in Cool Valley. Households are categorized based on the self-identified race of the head of household.
Cool 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 | $27,103 | $30,521 | $42,787 | $54,778 | $71,071 | $63,076 | $61,766 | $64,741 | $61,752 | $64,263 | $58,994 | $57,916 | $58,354 | $65,000 |
| Black or African American | $44,392 | $50,327 | $47,419 | $49,758 | $51,042 | $64,792 | $58,901 | $58,610 | $48,265 | $61,107 | $66,000 | $63,565 | $51,792 | $50,556 |
| Two or More Races | $60,061 | N/A | $60,569 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2,499 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Cool Valley, MO?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with White householders in Cool Valley have the highest median household income at $65,000.
How does the median household income vary by race in Cool Valley, MO?
In Cool Valley, the median household income As we explore median household incomes in Cool Valley, we observe that White households report a median income of about $65,000, Black or African American households report a median income of about $50,556 and Two or More Races households earn roughly $2,499. These differences shed light on the income distribution within the city of Cool Valley..
Which racial group has the lowest median household income according to the Census Bureau in Cool Valley, MO?
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 Two or More Races in Cool Valley exhibit the lowest median household income at $2,499 among the identified racial categories.
What is the median household income for White households in Cool Valley, MO?
In Cool Valley, the median household income for the households where the householder is White increased by $10,222(18.66%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $54,778 in 2013 and $65,000 in 2023.
What is the median household income for Black or African American households in Cool Valley, MO?
In Cool Valley, the median household income for the households where the householder is Black or African American increased by $798(1.60%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $49,758 in 2013 and $50,556 in 2023.
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)
