Fargo, ND median household income diversity
Based on our analysis of the distribution of Fargo population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 82.45% of the total residents in Fargo. Notably, the median household income for White households is $63,158.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $63,158.
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 Fargo, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $63,158. Two or More Races households have a median income of approximately $56,407. Asian households have a median income of approximately $53,277. American Indian and Alaska Native households have a median income of approximately $49,041. Conversely, Black or African American households reveal the lowest median income at $40,568. These disparities underscore the varied income distribution within the city of Fargo.
Fargo, ND median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Fargo, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Fargo.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Fargo, the median household income for the households where the householder is White increased by $2,903(4.82%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $60,255 in 2012 and $63,158 in 2022.
- Black or African American: In Fargo, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $40,568, marking a significant change.
- American Indian and Alaska Native: In Fargo, the median household income for the households where the householder is American Indian and Alaska Native increased by $9,285(23.35%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $39,756 in 2012 and $49,041 in 2022.
- Asian: In Fargo, there was no reported median household income for Asian households in 2012. However, in 2022, the median household income increased to $53,277, marking a significant change.
- Native Hawaiian and Other Pacific Islander: Even though there is a population where the householder is Native Hawaiian and Other Pacific Islander, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- 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 2012 and 2022.
- Two or more races (multiracial): In Fargo, the median household income for the households where the householder is multiracial increased by $7,027(14.23%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $49,380 in 2012 and $56,407 in 2022.
- Above analysis reconfirms that there are 5 race households in Fargo. Households are categorized based on the self-identified race of the head of household.
Fargo median household income by race betwen 2012 and 2022
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 2012 to 2022, 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 | $61,892 | $61,610 | $60,255 | $58,960 | $60,205 | $58,801 | $67,609 | $72,368 | $62,528 | $69,250 | N/A | $65,532 | $63,158 |
| Black or African American | $15,387 | N/A | N/A | $31,253 | N/A | $33,023 | $20,847 | $38,310 | $43,460 | $31,560 | N/A | $50,387 | $40,568 |
| American Indian and Alaska Native | N/A | $20,146 | $39,756 | $66,971 | $13,935 | $22,872 | $30,150 | N/A | $80,686 | $42,910 | N/A | $25,092 | $49,041 |
| Asian | $112,228 | $40,099 | N/A | $37,192 | $49,672 | N/A | $74,192 | $49,833 | $70,249 | $22,105 | N/A | $104,640 | $53,277 |
| Some Other Race | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $34,142 | N/A |
| Two or More Races | $34,415 | N/A | $49,380 | $40,582 | $25,932 | $68,424 | $46,198 | $86,686 | $44,611 | N/A | N/A | $106,010 | $56,407 |
Key observations: Households with Asian householders witnessed significant growth in median household income, marking an impressive increase of $53,277. 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.