Median Household Income by Racial Categories in Elmwood Place, OH , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Elmwood Place, 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 | $40,179 |
| Two or More Races | $43,750 |
TABLE OF CONTENTS
Elmwood Place, OH median household income diversity
Based on our analysis of the distribution of Elmwood Place population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 78.13% of the total residents in Elmwood Place. Notably, the median household income for White households is $40,179.
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 $43,750. This reveals that, while Whites may be the most numerous in Elmwood Place, 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 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
As we explore median household incomes in Elmwood Place, we observe that Two or More Races households report a median income of about $43,750, while White households earn around $40,179. These differences shed light on the income distribution within the village of Elmwood Place.
Elmwood Place, OH median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Elmwood Place, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of Elmwood Place.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Elmwood Place, the median household income for the households where the householder is White increased by $11,521(40.20%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $28,658 in 2013 and $40,179 in 2023.
- Black or African American: In Elmwood Place, the median household income for Black or African American households was $24,562 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Elmwood Place, 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: In Elmwood Place, based on U.S. Census Bureau population data, households with Asian householders are non existent. Therefore, the median household income for the Asian population cannot be determined.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Elmwood Place, 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 2013 and 2023.
- Two or more races (multiracial): In Elmwood Place, the median household income for the households where the householder is multiracial increased by $10,085(29.96%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $33,665 in 2013 and $43,750 in 2023.
- Above analysis reconfirms that there are 2 race households in Elmwood Place. Households are categorized based on the self-identified race of the head of household.
Elmwood Place 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 | $31,412 | $33,825 | $29,201 | $28,658 | $28,096 | $37,202 | $37,459 | $40,875 | $43,822 | $34,373 | $35,914 | $38,625 | $38,190 | $40,179 |
| Black or African American | $32,578 | $27,068 | $25,747 | $24,562 | $23,921 | N/A | N/A | $27,606 | $27,155 | $40,500 | $41,051 | $44,903 | N/A | N/A |
| Two or More Races | $36,197 | N/A | $33,738 | $33,665 | N/A | N/A | N/A | N/A | N/A | N/A | $51,436 | $52,054 | N/A | $43,750 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Elmwood Place, OH?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Two or More Races householders in Elmwood Place have the highest median household income at $43,750.
How does the median household income vary by race in Elmwood Place, OH?
In Elmwood Place, the median household income As we explore median household incomes in Elmwood Place, we observe that Two or More Races households report a median income of about $43,750, while White households earn around $40,179. These differences shed light on the income distribution within the village of Elmwood Place..
Which racial group has the lowest median household income according to the Census Bureau in Elmwood Place, OH?
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 White in Elmwood Place exhibit the lowest median household income at $40,179 among the identified racial categories.
What is the median household income for White households in Elmwood Place, OH?
In Elmwood Place, the median household income for the households where the householder is White increased by $11,521(40.20%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $28,658 in 2013 and $40,179 in 2023.
What is the median household income for Black or African American households in Elmwood Place, OH?
In Elmwood Place, the median household income for Black or African American households was $24,562 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
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)
