Homewood, AL Median Household Income By Race

Homewood, AL median household income diversity

Based on our analysis of the distribution of Homewood population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 80.23% of the total residents in Homewood. Notably, the median household income for White households is $107,729.

Interestingly, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $166,641. This reveals that, while Whites may be the most numerous in Homewood, Two or More Races 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).

In Homewood, a diversity of median household incomes is evident among households of different races. The Two or More Races households boast the highest median household income at about $166,641. White households have a median income of approximately $107,729. Some Other Race households have a median income of approximately $65,449. Conversely, Black or African American households reveal the lowest median income at $49,032. These disparities underscore the varied income distribution within the city of Homewood.

Homewood, AL median household income trends across races

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

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

• White: In Homewood, the median household income for the households where the householder is White increased by $14,922(16.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $92,807 in 2011 and $107,729 in 2021.
• Black or African American: In Homewood, the median household income for the households where the householder is Black or African American increased by $9,259(23.28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $39,773 in 2011 and $49,032 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 Homewood, the median household income for Asian households was $66,482 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: According to the U.S. Census Bureau population data for Homewood, 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: In Homewood, the median household income for the households where the householder is Some other race increased by $25,133(62.34%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,316 in 2011 and $65,449 in 2021.
• Two or more races (multiracial): In Homewood, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $166,641(2022 inflation-adjusted dollars), marking a significant change.
• Above analysis reconfirms that there are 4 race households in Homewood. 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 $166,641. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $66,482 in median income.

Things to know

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

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with Two or More Races householders in Homewood have the highest median household income at $166,641.

How does the median household income vary by race in Homewood, AL?

In Homewood, the median household income In Homewood, a diversity of median household incomes is evident among households of different races. The Two or More Races households boast the highest median household income at about $166,641. White households have a median income of approximately $107,729. Some Other Race households have a median income of approximately $65,449. Conversely, Black or African American households reveal the lowest median income at $49,032. These disparities underscore the varied income distribution within the city of Homewood..

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

Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2017-2021 5-Year Estimates, households headed by individuals identifying as Black or African American in Homewood exhibit the lowest median household income at $49,032 among the identified racial categories.

What is the median household income for White households in Homewood, AL?

In Homewood, the median household income for the households where the householder is White increased by $14,922(16.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $92,807 in 2011 and $107,729 in 2021.

What is the median household income for Black or African American households in Homewood, AL?

In Homewood, the median household income for the households where the householder is Black or African American increased by $9,259(23.28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $39,773 in 2011 and $49,032 in 2021.

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