Inwood Township, Michigan median household income diversity
Based on our analysis of the distribution of Inwood township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 80.71% of the total residents in Inwood township. Notably, the median household income for White households is $60,194.
Interestingly, despite the White population being the most populous, it is worth noting that American Indian and Alaska Native households actually reports the highest median household income, with a median income of $87,149. This reveals that, while Whites may be the most numerous in Inwood township, American Indian and Alaska Native 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 Inwood township, we observe that American Indian and Alaska Native households report a median income of about $87,149, while White households earn around $60,194. These differences shed light on the income distribution within the township of Inwood township.
Inwood Township, Michigan median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Inwood township, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the township of Inwood township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Inwood township, the median household income for the households where the householder is White increased by $17,396(40.65%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $42,798 in 2011 and $60,194 in 2021.
- Black or African American: As per the U.S. Census Bureau population data, in Inwood township, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
- American Indian and Alaska Native: In Inwood township, there was no reported median household income for American Indian and Alaska Native households in 2011. However, in 2021, the median household income increased to $87,149(2022 inflation-adjusted dollars), marking a significant change.
- Asian: Even though there is a population where the householder is Asian, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Inwood township, 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: According to U.S. Census Bureau population data for Inwood township, Some other race-led households are absent, rendering the median household income for the Some other race population inconclusive.
- 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 Inwood township. Households are categorized based on the self-identified race of the head of household.
Inwood township 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 | $44,829 | $42,798 | $45,329 | $47,944 | $52,743 | $49,113 | $52,898 | $46,969 | $53,140 | $55,132 | $61,564 | $60,194 | N/A |
| American Indian and Alaska Native | $69,291 | N/A | $69,109 | $114,079 | $115,311 | N/A | $56,567 | $54,491 | $49,101 | $55,258 | $70,821 | $87,149 | N/A |
| Two or More Races | N/A | N/A | $47,496 | $94,943 | $45,762 | $94,464 | $106,000 | $103,294 | $100,831 | N/A | N/A | N/A | N/A |
Key observations: Households with American Indian and Alaska Native householders witnessed significant growth in median household income, marking an impressive increase of $87,149. 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.