Homewood, IL Median Household Income By Race

In Homewood, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $160,551, while Two or More Races households represent the opposite end with the lowest median household income of $69,037.
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Updated Jan 4, 2024

Median Household Income by Racial Categories in Homewood, IL (2021, in 2022 inflation-adjusted dollars)

This table presents the median household income across different racial categories in Homewood, based on the latest 5-Year estimates from the American Community Survey, when adjusted for the inflation.

Race Of The Head Of Household Median Household Income
White $92,328
Black or African American $82,181
Asian $160,551
Some Other Race $84,446
Two or More Races $69,037
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Avg Income Age group Avg Income Diversity Index Population Gender ratio (M:F) Homeownership % Avg commute time Custom Dataset: Homewood Self-employed, multilingual, car-commuting, insured individuals 15 to 24 years $27,865 75 27,354 0.75 0.5% 55 min 25 to 44 years $44,231 90 37,459 0.86 19% 43 min 45 to 64 years $53,865 95 42,167 0.77 35% 15 min 65 to 74 years $51,800 74 32,972 0.91 45% 13 min 75 to 84 years $41,234 66 26,758 0.87 66% 42 min 85 years and over $36,093 56 18,857 0.89 76% 45 min

Homewood, IL median household income diversity

Based on our analysis of the distribution of Homewood population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 47.78% of the total residents in Homewood. Notably, the median household income for Black or African American households is $82,181.

Interestingly, despite the Black or African American population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $160,551. This reveals that, while Black or African Americans may be the most numerous in Homewood, 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. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).

The bar chart shows Homewood, IL median household income across all racial categories identified 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).
Homewood, IL median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

In Homewood, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $160,551. White households have a median income of approximately $92,328. Some Other Race households have a median income of approximately $84,446. Black or African American households have a median income of approximately $82,181. Conversely, Two or More Races households reveal the lowest median income at $69,037. These disparities underscore the varied income distribution within the village of Homewood.

Homewood, IL 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 village 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 $591(0.64%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $91,737 in 2011 and $92,328 in 2021.
  • Black or African American: In Homewood, the median household income for the households where the householder is Black or African American decreased by $8,369(9.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $90,550 in 2011 and $82,181 in 2021.
  • American Indian and Alaska Native: The U.S. Census Bureau population data for Homewood, indicates a lack of households led by American Indian and Alaska Native individuals. As a result, the median household income for the American Indian and Alaska Native population is not available.
  • Asian: In Homewood, the median household income for the households where the householder is Asian increased by $64,481(67.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $96,070 in 2011 and $160,551 in 2021.
  • 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 Homewood, the median household income for the households where the householder is Some other race increased by $12,120(16.76%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $72,326 in 2011 and $84,446 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 $69,037(2022 inflation-adjusted dollars), marking a significant change.
  • Above analysis reconfirms that there are 5 race households in Homewood. Households are categorized based on the self-identified race of the head of household.
Line chart showing Homewood, IL median household income trends for all racial categories identified by the U.S. Census Bureau. The chart illustrates income trends between 2011 and 2021, 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.
Homewood, IL median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars). Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $69,037. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $8,369 in median income. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Homewood 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 $93,783 $91,737 $91,857 $88,353 $88,040 $86,970 $90,005 $87,437 $85,925 $86,054 $92,068 $92,328 N/A
Black or African American $106,367 $90,550 $79,878 $80,959 $76,887 $74,751 $80,029 $88,389 $88,245 $86,147 $80,462 $82,181 N/A
Asian $96,474 $96,070 $118,474 $155,760 $155,712 $155,634 N/A N/A N/A N/A $190,125 $160,551 N/A
Some Other Race $44,618 $72,326 $96,121 $95,311 $88,009 $88,218 $87,489 N/A $49,360 $44,493 N/A $84,446 N/A
Two or More Races $120,916 N/A $118,794 $84,548 $82,336 N/A N/A N/A $40,760 $52,747 $59,361 $69,037 N/A
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Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $69,037. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $8,369 in median income.

Things to know

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

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with Asian householders in Homewood have the highest median household income at $160,551.

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

In Homewood, the median household income In Homewood, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $160,551. White households have a median income of approximately $92,328. Some Other Race households have a median income of approximately $84,446. Black or African American households have a median income of approximately $82,181. Conversely, Two or More Races households reveal the lowest median income at $69,037. These disparities underscore the varied income distribution within the village of Homewood..

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

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 Two or More Races in Homewood exhibit the lowest median household income at $69,037 among the identified racial categories.

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

In Homewood, the median household income for the households where the householder is White increased by $591(0.64%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $91,737 in 2011 and $92,328 in 2021.

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

In Homewood, the median household income for the households where the householder is Black or African American decreased by $8,369(9.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $90,550 in 2011 and $82,181 in 2021.

References

Datasets

Explore datasets by year of publication.
2023
Median Household Income by Racial Categories in Homewood, IL (2021, in 2022 inflation-adjusted dollars)
Last updated January 3, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the median household income across different racial categories in Homewood. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of Homewood population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 47.78% of the total residents in Homewood. Notably, the median household income for Black or African American households is $82,181. Interestingly, despite the Black or African American population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $160,551. This reveals that, while Black or African Americans may be the most numerous in Homewood, Asian households experience greater economic prosperity in terms of median household income.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

  • White
  • Black or African American
  • American Indian and Alaska Native
  • Asian
  • Native Hawaiian and Other Pacific Islander
  • Some other race
  • Two or more races (multiracial)

Variables / Data Columns

  • Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Homewood.
  • Median household income: Median household income, adjusting for inflation, presented in 2022-inflation-adjusted dollars

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Homewood median household income by race. You can refer the same here

Homewood, IL median household income breakdown by race betwen 2011 and 2021
Last updated January 3, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Homewood. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2011 and 2021, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

  • White: In Homewood, the median household income for the households where the householder is White increased by $591(0.64%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $91,737 in 2011 and $92,328 in 2021.
  • Black or African American: In Homewood, the median household income for the households where the householder is Black or African American decreased by $8,369(9.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $90,550 in 2011 and $82,181 in 2021.
  • Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households
Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

  • White
  • Black or African American
  • American Indian and Alaska Native
  • Asian
  • Native Hawaiian and Other Pacific Islander
  • Some other race
  • Two or more races (multiracial)

Variables / Data Columns

  • Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Homewood.
  • 2010: 2010 median household income
  • 2011: 2011 median household income
  • 2012: 2012 median household income
  • 2013: 2013 median household income
  • 2014: 2014 median household income
  • 2015: 2015 median household income
  • 2016: 2016 median household income
  • 2017: 2017 median household income
  • 2018: 2018 median household income
  • 2019: 2019 median household income
  • 2020: 2020 median household income
  • 2021: 2021 median household income
  • 2022: 2022 median household income
  • Please note: 2020 1-Year ACS estimates data was not reported by Census Bureau due to impact on survey collection and analysis during COVID-19, thus for large cities (population 65,000 and above) median household income data is not available.
  • Please note: All incomes have been adjusted for inflation and are presented in 2022-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Homewood median household income by race. You can refer the same here

If you're looking for datasets from another year, please feel free to contact us at research@neilsberg.com and we'll be happy to assist you further.

Explore more

Median household income of places that contain Homewood (in 2022 dollars)

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Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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