Median Household Income by Racial Categories in Hope, AR (2021, in 2022 inflation-adjusted dollars)
This table presents the median household income across different racial categories in Hope, 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 | $59,048 |
Black or African American | $41,267 |
Some Other Race | $64,375 |
TABLE OF CONTENTS
Hope, AR median household income diversity
Based on our analysis of the distribution of Hope population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 44.02% of the total residents in Hope. Notably, the median household income for Black or African American households is $41,267.
Interestingly, despite the Black or African American 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 $64,375. This reveals that, while Black or African Americans may be the most numerous in Hope, 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. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
![Hope, AR median household income diversity across racial categories The bar chart shows Hope, AR 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).](https://i.neilsberg.com/ch/hope-ar-median-household-income-by-race.jpeg)
As we explore median household incomes in Hope, we observe that Some Other Race households report a median income of about $64,375, White households report a median income of about $59,048 and Black or African American households earn roughly $41,267. These differences shed light on the income distribution within the city of Hope.
Hope, AR median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Hope, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Hope.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Hope, the median household income for the households where the householder is White increased by $12,069(25.69%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $46,979 in 2011 and $59,048 in 2021.
- Black or African American: In Hope, the median household income for the households where the householder is Black or African American increased by $9,543(30.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $31,724 in 2011 and $41,267 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 Hope, based on U.S. Census Bureau population data, households with Asian householders are non existent. Therefore, the median household income for the Asian population cannot be determined.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Hope, 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 Hope, the median household income for the households where the householder is Some other race increased by $8,102(14.40%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,273 in 2011 and $64,375 in 2021.
- Two or more races (multiracial): Even though there is a population where the householder is multiracial, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Above analysis reconfirms that there are 3 race households in Hope. Households are categorized based on the self-identified race of the head of household.
![Hope, AR median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars) Line chart showing Hope, AR 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.](https://i.neilsberg.com/ch/hope-ar-median-household-income-by-race-trends.jpeg)
Hope 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 | $48,078 | $46,979 | $40,768 | $35,351 | $33,924 | $32,771 | $37,541 | $51,943 | $58,251 | $66,111 | $69,621 | $59,048 | N/A |
Black or African American | $28,991 | $31,724 | $28,703 | $28,516 | $28,785 | $29,434 | $29,785 | $35,506 | $36,316 | $36,838 | $36,726 | $41,267 | N/A |
American Indian and Alaska Native | $41,257 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Some Other Race | $59,955 | $56,273 | $55,373 | $24,020 | N/A | N/A | N/A | $23,544 | N/A | $63,021 | $60,603 | $64,375 | N/A |
Key observations: Households with White householders witnessed significant growth in median household income, marking an impressive increase of $12,069. 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 Hope, AR?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with Some Other Race householders in Hope have the highest median household income at $64,375.
How does the median household income vary by race in Hope, AR?
In Hope, the median household income As we explore median household incomes in Hope, we observe that Some Other Race households report a median income of about $64,375, White households report a median income of about $59,048 and Black or African American households earn roughly $41,267. These differences shed light on the income distribution within the city of Hope..
Which racial group has the lowest median household income according to the Census Bureau in Hope, AR?
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 Hope exhibit the lowest median household income at $41,267 among the identified racial categories.
What is the median household income for White households in Hope, AR?
In Hope, the median household income for the households where the householder is White increased by $12,069(25.69%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $46,979 in 2011 and $59,048 in 2021.
What is the median household income for Black or African American households in Hope, AR?
In Hope, the median household income for the households where the householder is Black or African American increased by $9,543(30.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $31,724 in 2011 and $41,267 in 2021.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)