Median Household Income by Racial Categories in Eagle Lake, MN (2021, in 2022 inflation-adjusted dollars)
This table presents the median household income across different racial categories in Eagle Lake, 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 | $86,340 |
Two or More Races | $111,694 |
TABLE OF CONTENTS
Eagle Lake, MN median household income diversity
Based on our analysis of the distribution of Eagle Lake population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 87.25% of the total residents in Eagle Lake. Notably, the median household income for White households is $86,340.
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 $111,694. This reveals that, while Whites may be the most numerous in Eagle Lake, 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 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
As we explore median household incomes in Eagle Lake, we observe that Two or More Races households report a median income of about $111,694, while White households earn around $86,340. These differences shed light on the income distribution within the city of Eagle Lake.
Eagle Lake, MN median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Eagle Lake, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Eagle Lake.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Eagle Lake, the median household income for the households where the householder is White decreased by $361(0.42%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $86,701 in 2011 and $86,340 in 2021.
- Black or African American: Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Eagle Lake, 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 2011 and 2021.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Eagle Lake, 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 2011 and 2021.
- Two or more races (multiracial): In Eagle Lake, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $111,694(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 2 race households in Eagle Lake. Households are categorized based on the self-identified race of the head of household.
Eagle Lake 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 | $83,422 | $86,701 | $88,375 | $91,407 | $94,434 | $93,991 | $91,927 | $84,731 | $85,006 | $85,848 | $85,227 | $86,340 | N/A |
Black or African American | N/A | N/A | $65,989 | $65,450 | $64,430 | $62,873 | $66,804 | N/A | N/A | N/A | N/A | N/A | N/A |
Two or More Races | $12,770 | N/A | $12,007 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $114,238 | $111,694 | N/A |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $111,694. On the other hand, households where householder is White experienced a notable decline, with a decrease of $361 in median income.
Things to know
Which racial group has the highest median household income according to the Census Bureau in Eagle Lake, MN?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with Two or More Races householders in Eagle Lake have the highest median household income at $111,694.
How does the median household income vary by race in Eagle Lake, MN?
In Eagle Lake, the median household income As we explore median household incomes in Eagle Lake, we observe that Two or More Races households report a median income of about $111,694, while White households earn around $86,340. These differences shed light on the income distribution within the city of Eagle Lake..
Which racial group has the lowest median household income according to the Census Bureau in Eagle Lake, MN?
Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2017-2021 5-Year Estimates, households headed by individuals identifying as White in Eagle Lake exhibit the lowest median household income at $86,340 among the identified racial categories.
What is the median household income for White households in Eagle Lake, MN?
In Eagle Lake, the median household income for the households where the householder is White decreased by $361(0.42%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $86,701 in 2011 and $86,340 in 2021.
What is the median household income for Black or African American households in Eagle Lake, MN?
Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)