Franklin County, NC median household income diversity
Based on our analysis of the distribution of Franklin County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 65.93% of the total residents in Franklin County. Notably, the median household income for White households is $85,120.
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 $183,801. This reveals that, while Whites may be the most numerous in Franklin County, 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.
In Franklin County, a diversity of median household incomes is evident among households of different races. The Two or More Races households boast the highest median household income at about $183,801. White households have a median income of approximately $85,120. Some Other Race households have a median income of approximately $52,859. Black or African American households have a median income of approximately $51,606. Conversely, American Indian and Alaska Native households reveal the lowest median income at $32,939. These disparities underscore the varied income distribution within the county of Franklin County.
Franklin County, NC median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Franklin County, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Franklin County.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Franklin County, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $85,120, marking a significant change.
- Black or African American: In Franklin County, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $51,606, marking a significant change.
- American Indian and Alaska Native: In Franklin County, there was no reported median household income for American Indian and Alaska Native households in 2012. However, in 2022, the median household income increased to $32,939, marking a significant change.
- Asian: X
- 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 Franklin County, there was no reported median household income for Some other race households in 2012. However, in 2022, the median household income increased to $52,859, marking a significant change.
- Two or more races (multiracial): In Franklin County, there was no reported median household income for multiracial households in 2012. However, in 2022, the median household income increased to $183,801, marking a significant change.
- Above analysis reconfirms that there are 5 race households in Franklin County. Households are categorized based on the self-identified race of the head of household.
Franklin County 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $84,041 | $74,419 | $78,781 | N/A | $71,140 | $85,120 |
| Black or African American | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $40,203 | $57,739 | $50,710 | N/A | $61,108 | $51,606 |
| American Indian and Alaska Native | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $63,842 | N/A | $82,340 | $32,939 |
| 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 | $73,511 | $52,859 |
| Two or More Races | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $77,096 | $94,330 | N/A | N/A | $139,200 | $183,801 |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $183,801. 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.