Median Household Income by Racial Categories in Folcroft, PA , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Folcroft, 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 | $52,241 |
| Black or African American | $65,274 |
| Asian | $49,375 |
| Some Other Race | $116,120 |
| Two or More Races | $92,813 |
TABLE OF CONTENTS
Folcroft, PA median household income diversity
Based on our analysis of the distribution of Folcroft population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 43.23% of the total residents in Folcroft. Notably, the median household income for Black or African American households is $65,274.
Interestingly, despite the Black or African American population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $116,120. This reveals that, while Black or African Americans may be the most numerous in Folcroft, Some Other Race 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).
In Folcroft, a diversity of median household incomes is evident among households of different races. The Some Other Race households boast the highest median household income at about $116,120. Two or More Races households have a median income of approximately $92,813. Black or African American households have a median income of approximately $65,274. White households have a median income of approximately $52,241. Conversly, Asian households reveal the lowest median income at $49,375. These disparities underscore the varied income distribution within the borough of Folcroft.
Folcroft, PA median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Folcroft, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the borough of Folcroft.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Folcroft, the median household income for the households where the householder is White decreased by $21,384(29.04%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $73,625 in 2013 and $52,241 in 2023.
- Black or African American: In Folcroft, the median household income for the households where the householder is Black or African American decreased by $2,561(3.78%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $67,835 in 2013 and $65,274 in 2023.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Folcroft, 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 Folcroft, there was no reported median household income for Asian households in 2013. However, in 2023, the median household income increased to $49,375, 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 2013 and 2023.
- Some other race: In Folcroft, there was no reported median household income for Some other race households in 2013. However, in 2023, the median household income increased to $116,120, marking a significant change.
- Two or more races (multiracial): In Folcroft, there was no reported median household income for multiracial households in 2013. However, in 2023, the median household income increased to $92,813, marking a significant change.
- Above analysis reconfirms that there are 5 race households in Folcroft. Households are categorized based on the self-identified race of the head of household.
Folcroft 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 | $74,982 | $81,560 | $71,380 | $73,625 | $69,045 | $73,457 | $79,113 | $73,704 | $75,289 | $76,019 | $65,322 | $51,059 | $53,067 | $52,241 |
| Black or African American | $75,236 | $66,780 | $63,824 | $67,835 | $65,059 | $61,620 | $70,681 | $87,291 | $72,911 | $79,207 | $72,207 | $70,607 | $67,234 | $65,274 |
| Asian | $66,600 | $64,161 | $65,744 | N/A | N/A | N/A | $79,241 | $119,034 | $78,110 | $69,697 | $49,219 | $49,164 | $48,346 | $49,375 |
| 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 | N/A | N/A | $116,120 |
| Two or More Races | $189,937 | N/A | $73,231 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $56,312 | $57,907 | $56,685 | $92,813 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Folcroft, PA?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Some Other Race householders in Folcroft have the highest median household income at $116,120.
How does the median household income vary by race in Folcroft, PA?
In Folcroft, the median household income In Folcroft, a diversity of median household incomes is evident among households of different races. The Some Other Race households boast the highest median household income at about $116,120. Two or More Races households have a median income of approximately $92,813. Black or African American households have a median income of approximately $65,274. White households have a median income of approximately $52,241. Conversly, Asian households reveal the lowest median income at $49,375. These disparities underscore the varied income distribution within the borough of Folcroft..
Which racial group has the lowest median household income according to the Census Bureau in Folcroft, PA?
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 Asian in Folcroft exhibit the lowest median household income at $49,375 among the identified racial categories.
What is the median household income for White households in Folcroft, PA?
In Folcroft, the median household income for the households where the householder is White decreased by $21,384(29.04%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $73,625 in 2013 and $52,241 in 2023.
What is the median household income for Black or African American households in Folcroft, PA?
In Folcroft, the median household income for the households where the householder is Black or African American decreased by $2,561(3.78%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $67,835 in 2013 and $65,274 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)
