Hoover, AL median household income diversity
Based on our analysis of the distribution of Hoover population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 70.25% of the total residents in Hoover. Notably, the median household income for White households is $113,129.
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 $155,924. This reveals that, while Whites may be the most numerous in Hoover, 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.
As we explore median household incomes in Hoover, we observe that Asian households report a median income of about $155,924, White households report a median income of about $113,129 and Black or African American households earn roughly $57,081. These differences shed light on the income distribution within the city of Hoover.
Hoover, AL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Hoover, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Hoover.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Hoover, the median household income for the households where the householder is White increased by $10,380(10.10%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $102,749 in 2012 and $113,129 in 2022.
- Black or African American: In Hoover, the median household income for the households where the householder is Black or African American increased by $1,224(2.19%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $55,857 in 2012 and $57,081 in 2022.
- 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 2012 and 2022.
- Asian: In Hoover, the median household income for the households where the householder is Asian increased by $82,624(112.72%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $73,300 in 2012 and $155,924 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: 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 Hoover, the median household income for multiracial households was $85,392 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
- Above analysis reconfirms that there are 3 race households in Hoover. Households are categorized based on the self-identified race of the head of household.
Hoover 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 | $108,353 | $120,633 | $102,749 | $103,557 | $95,157 | $109,722 | $110,647 | $108,206 | $116,243 | $120,555 | N/A | $113,176 | $113,129 |
| Black or African American | $59,293 | $48,446 | $55,857 | $69,728 | $69,840 | $60,624 | $59,391 | $61,017 | $48,825 | $82,626 | N/A | $73,111 | $57,081 |
| 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 | $138,025 | N/A |
| Asian | $81,397 | $84,800 | $73,300 | $62,497 | $99,389 | $100,208 | $162,017 | $92,262 | $178,946 | $65,502 | N/A | $156,292 | $155,924 |
| Some Other Race | $54,421 | N/A | N/A | $72,818 | $33,255 | N/A | $82,860 | N/A | N/A | N/A | N/A | N/A | N/A |
| Two or More Races | N/A | $34,625 | $85,392 | N/A | N/A | N/A | N/A | N/A | $68,014 | N/A | N/A | $111,241 | N/A |
Key observations: Households with Asian householders witnessed significant growth in median household income, marking an impressive increase of $82,624. On the other hand, households where householder is multiracial experienced a notable decline, with a decrease of $85,392 in median income.