Hancock County, IN median household income diversity
Based on our analysis of the distribution of Hancock County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 92.12% of the total residents in Hancock County. Notably, the median household income for White households is $88,619.
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 $168,166. This reveals that, while Whites may be the most numerous in Hancock County, 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.
In Hancock County, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $168,166. American Indian and Alaska Native households have a median income of approximately $154,336. White households have a median income of approximately $88,619. Conversely, Two or More Races households reveal the lowest median income at $56,920. These disparities underscore the varied income distribution within the county of Hancock County.
Hancock County, IN median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Hancock County, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Hancock County.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Hancock County, the median household income for the households where the householder is White increased by $7,157(8.79%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $81,462 in 2012 and $88,619 in 2022.
- Black or African American: Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- American Indian and Alaska Native: In Hancock County, the median household income for the households where the householder is American Indian and Alaska Native increased by $82,540(114.96%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $71,796 in 2012 and $154,336 in 2022.
- Asian: In Hancock County, the median household income for the households where the householder is Asian increased by $57,350(51.75%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $110,816 in 2012 and $168,166 in 2022.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Hancock County, 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: Even though there is a population where the householder is Some other race, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- Two or more races (multiracial): In Hancock County, there was no reported median household income for multiracial households in 2012. However, in 2022, the median household income increased to $56,920, marking a significant change.
- Above analysis reconfirms that there are 4 race households in Hancock County. Households are categorized based on the self-identified race of the head of household.
Hancock 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 | $77,518 | $76,066 | $81,462 | $80,056 | $84,482 | $85,071 | $78,547 | $84,353 | $86,036 | $78,708 | N/A | $85,820 | $88,619 |
| Black or African American | $95,178 | N/A | N/A | N/A | N/A | $114,260 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| American Indian and Alaska Native | N/A | N/A | $71,796 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $154,336 |
| Asian | $77,454 | $79,817 | $110,816 | N/A | N/A | N/A | N/A | $109,035 | N/A | $145,692 | N/A | N/A | $168,166 |
| Two or More Races | N/A | N/A | N/A | $115,415 | N/A | $110,990 | N/A | N/A | $65,218 | N/A | N/A | $80,754 | $56,920 |
Key observations: Households with American Indian and Alaska Native householders witnessed significant growth in median household income, marking an impressive increase of $82,540. 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.