Itasca, IL Median Household Income By Race

Itasca, IL median household income diversity

Based on our analysis of the distribution of Itasca population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 77.10% of the total residents in Itasca. Notably, the median household income for White households is $113,901.

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 $206,387. This reveals that, while Whites may be the most numerous in Itasca, 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).

In Itasca, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $206,387. White households have a median income of approximately $113,901. Two or More Races households have a median income of approximately $69,873. Conversely, Some Other Race households reveal the lowest median income at $59,761. These disparities underscore the varied income distribution within the village of Itasca.

Itasca, IL median household income trends across races

A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Itasca, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of Itasca.

Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:

• White: In Itasca, the median household income for the households where the householder is White increased by $17,555(18.22%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $96,346 in 2011 and $113,901 in 2021.
• Black or African American: In Itasca, the median household income for Black or African American households was $196,034 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
• American Indian and Alaska Native: The U.S. Census Bureau population data for Itasca, 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 Itasca, the median household income for the households where the householder is Asian increased by $77,672(60.34%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $128,715 in 2011 and $206,387 in 2021.
• Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Itasca, 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 Itasca, the median household income for the households where the householder is Some other race decreased by $50,425(45.76%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $110,186 in 2011 and $59,761 in 2021.
• Two or more races (multiracial): In Itasca, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $69,873(2022 inflation-adjusted dollars), marking a significant change.
• Above analysis reconfirms that there are 4 race households in Itasca. Households are categorized based on the self-identified race of the head of household.

Key observations: Households with Asian householders witnessed significant growth in median household income, marking an impressive increase of $77,672. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $196,034 in median income.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Itasca, 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 Itasca have the highest median household income at $206,387.

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

In Itasca, the median household income In Itasca, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $206,387. White households have a median income of approximately $113,901. Two or More Races households have a median income of approximately $69,873. Conversely, Some Other Race households reveal the lowest median income at $59,761. These disparities underscore the varied income distribution within the village of Itasca..

Which racial group has the lowest median household income according to the Census Bureau in Itasca, 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 Some Other Race in Itasca exhibit the lowest median household income at $59,761 among the identified racial categories.

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

In Itasca, the median household income for the households where the householder is White increased by $17,555(18.22%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $96,346 in 2011 and $113,901 in 2021.

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

In Itasca, the median household income for Black or African American households was $196,034 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.

References