Median Household Income by Racial Categories in Homestead, FL (2022)
This table presents the median household income across different racial categories in Homestead, based on the latest 1-Year estimates from the American Community Survey.
Race Of The Head Of Household | Median Household Income |
---|---|
White | $60,002 |
Black or African American | $77,571 |
American Indian and Alaska Native | $24,380 |
Some Other Race | $79,803 |
Two or More Races | $59,491 |
TABLE OF CONTENTS
Homestead, FL median household income diversity
Based on our analysis of the distribution of Homestead population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 53.92% of the total residents in Homestead. Notably, the median household income for White households is $60,002.
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 $79,803. This reveals that, while Whites may be the most numerous in Homestead, 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.
![Homestead, FL median household income diversity across racial categories The bar chart shows Homestead, FL median household income across all racial categories identified by the U.S. Census Bureau.](https://i.neilsberg.com/ch/homestead-fl-median-household-income-by-race.jpeg)
In Homestead, 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 $79,803. Black or African American households have a median income of approximately $77,571. White households have a median income of approximately $60,002. Two or More Races households have a median income of approximately $59,491. Conversely, American Indian and Alaska Native households reveal the lowest median income at $24,380. These disparities underscore the varied income distribution within the city of Homestead.
Homestead, FL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Homestead, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Homestead.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Homestead, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $60,002, marking a significant change.
- Black or African American: In Homestead, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $77,571, marking a significant change.
- American Indian and Alaska Native: In Homestead, 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 $24,380, marking a significant change.
- Asian: Even though there is a population where the householder is Asian, there was no median household income reported by the U.S. Census Bureau for both 2012 and 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 Homestead, there was no reported median household income for Some other race households in 2012. However, in 2022, the median household income increased to $79,803, marking a significant change.
- Two or more races (multiracial): In Homestead, there was no reported median household income for multiracial households in 2012. However, in 2022, the median household income increased to $59,491, marking a significant change.
- Above analysis reconfirms that there are 5 race households in Homestead. Households are categorized based on the self-identified race of the head of household.
![Homestead, FL median household income trends across races (2012-2022, in 2022 inflation-adjusted dollars) Line chart showing Homestead, FL median household income trends for all racial categories identified by the U.S. Census Bureau. The chart illustrates income trends between 2012 and 2022, with incomes values adjusted for inflation using 2022 Consumer Price Index retroactive series using current methods. It provides insights into income disparities and variations across racial categories, aiding in data analysis and decision-making.](https://i.neilsberg.com/ch/homestead-fl-median-household-income-by-race-trends.jpeg)
Homestead 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 | $44,250 | $50,043 | $44,290 | $62,838 | $49,247 | $61,469 | N/A | $74,313 | $60,002 |
Black or African American | N/A | N/A | N/A | N/A | $44,851 | $55,526 | $36,646 | $39,229 | $52,363 | $57,675 | N/A | $55,783 | $77,571 |
American Indian and Alaska Native | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $24,380 |
Asian | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $79,178 | $80,802 | N/A | N/A | N/A | N/A |
Some Other Race | N/A | N/A | N/A | N/A | N/A | $67,962 | $27,359 | $132,597 | N/A | $26,802 | N/A | $49,878 | $79,803 |
Two or More Races | N/A | N/A | N/A | N/A | $88,090 | $95,069 | N/A | N/A | N/A | $87,960 | N/A | $47,035 | $59,491 |
Key observations: Households with Some other race householders witnessed significant growth in median household income, marking an impressive increase of $79,803. 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.
Things to know
Which racial group has the highest median household income according to the Census Bureau in Homestead, 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 Homestead have the highest median household income at $79,803.
How does the median household income vary by race in Homestead, FL?
In Homestead, the median household income In Homestead, 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 $79,803. Black or African American households have a median income of approximately $77,571. White households have a median income of approximately $60,002. Two or More Races households have a median income of approximately $59,491. Conversely, American Indian and Alaska Native households reveal the lowest median income at $24,380. These disparities underscore the varied income distribution within the city of Homestead..
Which racial group has the lowest median household income according to the Census Bureau in Homestead, 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 American Indian and Alaska Native in Homestead exhibit the lowest median household income at $24,380 among the identified racial categories.
What is the median household income for White households in Homestead, FL?
In Homestead, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $60,002, marking a significant change.
What is the median household income for Black or African American households in Homestead, FL?
In Homestead, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $77,571, marking a significant change.
References
- U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)