Folsom, CA median household income diversity
Based on our analysis of the distribution of Folsom population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 63.70% of the total residents in Folsom. Notably, the median household income for White households is $120,685.
Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $191,459. This reveals that, while Whites may be the most numerous in Folsom, Asian 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.
As we explore median household incomes in Folsom, we observe that Asian households report a median income of about $191,459, Two or More Races households report a median income of about $168,670 and White households earn roughly $120,685. These differences shed light on the income distribution within the city of Folsom.
Folsom, CA median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Folsom, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Folsom.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Folsom, the median household income for the households where the householder is White decreased by $1,983(1.62%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $122,668 in 2012 and $120,685 in 2022.
- Black or African American: In Folsom, the median household income for Black or African American households was $98,315 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
- American Indian and Alaska Native: Even though there is a population where the householder is American Indian and Alaska Native, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- Asian: In Folsom, the median household income for the households where the householder is Asian increased by $40,051(26.45%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $151,408 in 2012 and $191,459 in 2022.
- 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: In Folsom, the median household income for Some other race households was $131,362 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
- Two or more races (multiracial): In Folsom, the median household income for the households where the householder is multiracial increased by $71,059(72.80%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $97,611 in 2012 and $168,670 in 2022.
- Above analysis reconfirms that there are 3 race households in Folsom. Households are categorized based on the self-identified race of the head of household.
Folsom 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 | $120,600 | $111,628 | $122,668 | $112,170 | $108,530 | $125,187 | $123,333 | $135,200 | $129,839 | $126,436 | N/A | $122,383 | $120,685 |
| Black or African American | N/A | N/A | $98,315 | N/A | $185,576 | N/A | N/A | $116,645 | $108,192 | $104,878 | N/A | N/A | N/A |
| American Indian and Alaska Native | N/A | N/A | N/A | N/A | N/A | N/A | $60,284 | N/A | N/A | N/A | N/A | N/A | N/A |
| Asian | $168,984 | $132,620 | $151,408 | $151,530 | $194,886 | $181,168 | $153,207 | $154,159 | $153,874 | $197,846 | N/A | $153,972 | $191,459 |
| Native Hawaiian and Other Pacific Islander | $145,281 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Some Other Race | $227,578 | $210,951 | $131,362 | N/A | N/A | N/A | $159,078 | N/A | N/A | N/A | N/A | $186,942 | N/A |
| Two or More Races | N/A | N/A | $97,611 | $92,332 | N/A | $190,706 | $151,328 | $138,024 | $69,021 | $87,508 | N/A | $115,312 | $168,670 |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $71,059. On the other hand, households where householder is Some other race experienced a notable decline, with a decrease of $131,362 in median income.