Hollywood, FL Median Household Income By Race

Hollywood, FL median household income diversity

Based on our analysis of the distribution of Hollywood population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 59.82% of the total residents in Hollywood. Notably, the median household income for White households is $55,905.

Interestingly, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $75,504. This reveals that, while Whites may be the most numerous in Hollywood, Some Other Race 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 Hollywood, a diversity of median household incomes is evident among households of different races. The Some Other Race households boast the highest median household income at about $75,504. Black or African American households have a median income of approximately $61,872. Two or More Races households have a median income of approximately $58,790. White households have a median income of approximately $55,905. Conversely, Asian households reveal the lowest median income at $50,683. These disparities underscore the varied income distribution within the city of Hollywood.

Hollywood, FL median household income trends across races

A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Hollywood, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Hollywood.

Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:

• White: In Hollywood, the median household income for the households where the householder is White decreased by $4,619(7.63%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $60,524 in 2012 and $55,905 in 2022.
• Black or African American: In Hollywood, the median household income for the households where the householder is Black or African American increased by $17,359(39%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $44,513 in 2012 and $61,872 in 2022.
• American Indian and Alaska Native: In Hollywood, the median household income for American Indian and Alaska Native households was $81,046 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
• Asian: In Hollywood, the median household income for the households where the householder is Asian decreased by $5,413(9.65%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $56,096 in 2012 and $50,683 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 Hollywood, the median household income for the households where the householder is Some other race increased by $13,683(22.13%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $61,821 in 2012 and $75,504 in 2022.
• Two or more races (multiracial): In Hollywood, there was no reported median household income for multiracial households in 2012. However, in 2022, the median household income increased to $58,790, marking a significant change.
• Above analysis reconfirms that there are 5 race households in Hollywood. Households are categorized based on the self-identified race of the head of household.

Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $58,790. On the other hand, households where householder is American Indian and Alaska Native experienced a notable decline, with a decrease of $81,046 in median income.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Hollywood, FL?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2022 1-Year Estimates, households with Some Other Race householders in Hollywood have the highest median household income at $75,504.

How does the median household income vary by race in Hollywood, FL?

In Hollywood, the median household income In Hollywood, a diversity of median household incomes is evident among households of different races. The Some Other Race households boast the highest median household income at about $75,504. Black or African American households have a median income of approximately $61,872. Two or More Races households have a median income of approximately $58,790. White households have a median income of approximately $55,905. Conversely, Asian households reveal the lowest median income at $50,683. These disparities underscore the varied income distribution within the city of Hollywood..

Which racial group has the lowest median household income according to the Census Bureau in Hollywood, FL?

Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2022 1-Year Estimates, households headed by individuals identifying as Asian in Hollywood exhibit the lowest median household income at $50,683 among the identified racial categories.

What is the median household income for White households in Hollywood, FL?

In Hollywood, the median household income for the households where the householder is White decreased by $4,619(7.63%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $60,524 in 2012 and $55,905 in 2022.

What is the median household income for Black or African American households in Hollywood, FL?

In Hollywood, the median household income for the households where the householder is Black or African American increased by $17,359(39%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $44,513 in 2012 and $61,872 in 2022.

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