Franklin township, Chester County, Pennsylvania median household income diversity
Based on our analysis of the distribution of Franklin township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 91.99% of the total residents in Franklin township. Notably, the median household income for White households is $147,898.
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 $270,229. This reveals that, while Whites may be the most numerous in Franklin township, 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. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
As we explore median household incomes in Franklin township, we observe that Asian households report a median income of about $270,229, while White households earn around $147,898. These differences shed light on the income distribution within the township of Franklin township.
Franklin township, Chester County, Pennsylvania median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Franklin township, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the township of Franklin township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Franklin township, the median household income for the households where the householder is White decreased by $8,829(5.63%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $156,727 in 2011 and $147,898 in 2021.
- Black or African American: In Franklin township, the median household income for Black or African American households was $326,895 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Franklin township, 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 Franklin township, the median household income for the households where the householder is Asian decreased by $56,666(17.33%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $326,895 in 2011 and $270,229 in 2021.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Franklin township, 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: According to U.S. Census Bureau population data for Franklin township, Some other race-led households are absent, rendering the median household income for the Some other race population inconclusive.
- Two or more races (multiracial): Even though there is a population where the householder is multiracial, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Above analysis reconfirms that there are 2 race households in Franklin township. Households are categorized based on the self-identified race of the head of household.
Franklin township median household income by race betwen 2011 and 2021
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 2011 to 2021, 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 | $155,891 | $156,727 | $153,392 | $153,088 | $153,898 | $147,706 | $150,285 | $142,625 | $146,725 | $158,873 | $158,356 | $147,898 | N/A |
| Black or African American | $337,322 | $326,895 | $320,200 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asian | $263,447 | $326,895 | $320,200 | N/A | N/A | N/A | N/A | N/A | N/A | $287,055 | $283,286 | $270,229 | N/A |
Key observations: X Households where householder is Black or African American experienced a notable decline, with a decrease of $326,895 in median income. No racial category of householders experienced an increase in median household income; instead, declines were observed across the various demographics, signaling a uniform trend of decreasing incomes among households.