Ithaca Town, New York median household income diversity
Based on our analysis of the distribution of Ithaca town population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 74.37% of the total residents in Ithaca town. Notably, the median household income for White households is $87,271.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $87,271.
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 Ithaca town, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $87,271. Black or African American households have a median income of approximately $85,109. Asian households have a median income of approximately $68,044. Some Other Race households have a median income of approximately $64,254. Conversely, Two or More Races households reveal the lowest median income at $63,368. These disparities underscore the varied income distribution within the town of Ithaca town.
Ithaca Town, New York median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Ithaca town, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Ithaca town.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Ithaca town, the median household income for the households where the householder is White decreased by $3,254(3.59%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $90,525 in 2011 and $87,271 in 2021.
- Black or African American: In Ithaca town, the median household income for the households where the householder is Black or African American increased by $65,740(339.41%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $19,369 in 2011 and $85,109 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 Ithaca town, the median household income for the households where the householder is Asian increased by $34,809(104.74%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $33,235 in 2011 and $68,044 in 2021.
- 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 2011 and 2021.
- Some other race: In Ithaca town, the median household income for the households where the householder is Some other race increased by $12,133(23.28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,121 in 2011 and $64,254 in 2021.
- Two or more races (multiracial): In Ithaca town, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $63,368(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 5 race households in Ithaca town. Households are categorized based on the self-identified race of the head of household.
Ithaca town 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 | $95,012 | $90,525 | $91,494 | $86,132 | $82,795 | $81,430 | $83,844 | $83,768 | $84,166 | $84,389 | $92,485 | $87,271 | N/A |
| Black or African American | $15,882 | $19,369 | $32,660 | $31,893 | $20,607 | $39,535 | $47,285 | $46,211 | $39,066 | $46,618 | $61,990 | $85,109 | N/A |
| Asian | $36,640 | $33,235 | $40,025 | $37,823 | $40,215 | $49,868 | $51,981 | $54,372 | $68,318 | $72,037 | $69,764 | $68,044 | N/A |
| Some Other Race | $55,868 | $52,121 | $96,243 | $98,802 | $33,906 | N/A | $3,056 | $2,993 | $2,921 | N/A | N/A | $64,254 | N/A |
| Two or More Races | $39,260 | N/A | $38,508 | $52,220 | $52,602 | $52,890 | $56,357 | $79,791 | $87,387 | N/A | $82,760 | $63,368 | N/A |
Key observations: Households with Black or African American householders witnessed significant growth in median household income, marking an impressive increase of $65,740. On the other hand, households where householder is White experienced a notable decline, with a decrease of $3,254 in median income.