Granville County, NC median household income diversity
Based on our analysis of the distribution of Granville County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 59.57% of the total residents in Granville County. Notably, the median household income for White households is $77,846.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $77,846.
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).
In Granville County, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $77,846. Two or More Races households have a median income of approximately $74,793. Black or African American households have a median income of approximately $50,211. Conversely, Some Other Race households reveal the lowest median income at $45,051. These disparities underscore the varied income distribution within the county of Granville County.
Granville County, NC median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Granville County, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Granville County.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Granville County, the median household income for the households where the householder is White increased by $3,828(5.17%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $74,018 in 2011 and $77,846 in 2021.
- Black or African American: In Granville County, the median household income for the households where the householder is Black or African American increased by $2,985(6.32%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $47,226 in 2011 and $50,211 in 2021.
- 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 2011 and 2021.
- Asian: In Granville County, the median household income for Asian households was $123,812 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- 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 2011 and 2021.
- Some other race: In Granville County, the median household income for the households where the householder is Some other race decreased by $5,180(10.31%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $50,231 in 2011 and $45,051 in 2021.
- Two or more races (multiracial): In Granville County, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $74,793(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 4 race households in Granville County. Households are categorized based on the self-identified race of the head of household.
Granville County 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 | $74,850 | $74,018 | $71,352 | $68,694 | $67,947 | $69,714 | $71,111 | $74,587 | $77,454 | $78,323 | $77,161 | $77,846 | N/A |
| Black or African American | $46,633 | $47,226 | $44,928 | $46,147 | $45,093 | $42,056 | $38,885 | $43,045 | $42,370 | $44,235 | $48,513 | $50,211 | N/A |
| American Indian and Alaska Native | $57,261 | N/A | $71,836 | $79,111 | $79,324 | $79,366 | $81,260 | $80,371 | $59,427 | N/A | N/A | N/A | N/A |
| Asian | $125,089 | $123,812 | $125,198 | $99,427 | $83,303 | $140,077 | N/A | $82,969 | $94,569 | $96,555 | $80,283 | N/A | N/A |
| Some Other Race | $55,574 | $50,231 | $44,919 | $57,184 | $51,615 | $58,414 | $49,850 | $46,447 | $46,608 | $44,093 | $43,930 | $45,051 | N/A |
| Two or More Races | $41,543 | N/A | $43,081 | $43,324 | $29,946 | $83,483 | $86,310 | $93,061 | $89,799 | $92,274 | $94,058 | $74,793 | N/A |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $74,793. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $123,812 in median income.