Independence, OR median household income diversity
Based on our analysis of the distribution of Independence population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 73.29% of the total residents in Independence. Notably, the median household income for White households is $64,450.
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 $126,521. This reveals that, while Whites may be the most numerous in Independence, 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).
As we explore median household incomes in Independence, we observe that Some Other Race households report a median income of about $126,521, while White households earn around $64,450. These differences shed light on the income distribution within the city of Independence.
Independence, OR median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Independence, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Independence.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Independence, the median household income for the households where the householder is White increased by $5,410(9.16%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $59,040 in 2011 and $64,450 in 2021.
- Black or African American: Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 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 Independence, the median household income for Asian households was $92,926 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 Independence, 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 Independence, the median household income for the households where the householder is Some other race increased by $56,347(80.30%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $70,174 in 2011 and $126,521 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 2 race households in Independence. Households are categorized based on the self-identified race of the head of household.
Independence 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 | $61,777 | $59,040 | $51,584 | $54,459 | $49,626 | $54,046 | $51,576 | $57,248 | $56,468 | $60,301 | $59,463 | $64,450 | N/A |
| American Indian and Alaska Native | $170,009 | N/A | $54,143 | $52,150 | $55,070 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asian | $95,814 | $92,926 | $63,488 | $62,647 | $118,055 | $118,158 | $119,823 | N/A | N/A | N/A | N/A | N/A | N/A |
| Some Other Race | $62,700 | $70,174 | $31,531 | $30,515 | $28,218 | N/A | N/A | $92,344 | $91,333 | $98,903 | $143,059 | $126,521 | N/A |
| Two or More Races | $28,431 | N/A | $65,089 | $64,179 | $63,230 | $63,360 | $64,424 | N/A | $26,203 | N/A | N/A | N/A | N/A |
Key observations: Households with Some other race householders witnessed significant growth in median household income, marking an impressive increase of $56,347. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $92,926 in median income.