Median Household Income by Racial Categories in Lake and Peninsula Borough, AK , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Lake and Peninsula Borough, 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 | $103,750 |
| American Indian and Alaska Native | $49,821 |
| Two or More Races | $71,406 |
TABLE OF CONTENTS
Lake and Peninsula Borough, AK median household income diversity
Based on our analysis of the distribution of Lake and Peninsula Borough population by race & ethnicity, the population is predominantly American Indian and Alaska Native. This particular racial category constitutes the majority, accounting for 53.82% of the total residents in Lake and Peninsula Borough. Notably, the median household income for American Indian and Alaska Native households is $49,821.
Interestingly, despite the American Indian and Alaska Native population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $103,750. This reveals that, while American Indian and Alaska Natives may be the most numerous in Lake and Peninsula Borough, White 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 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
As we explore median household incomes in Lake and Peninsula Borough, we observe that White households report a median income of about $103,750, Two or More Races households report a median income of about $71,406 and American Indian and Alaska Native households earn roughly $49,821. These differences shed light on the income distribution within the county of Lake and Peninsula Borough.
Lake and Peninsula Borough, AK median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Lake and Peninsula Borough, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Lake and Peninsula Borough.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Lake and Peninsula Borough, the median household income for the households where the householder is White increased by $3,577(3.57%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $100,173 in 2013 and $103,750 in 2023.
- 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 2013 and 2023.
- American Indian and Alaska Native: In Lake and Peninsula Borough, the median household income for the households where the householder is American Indian and Alaska Native decreased by $1,087(2.14%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $50,908 in 2013 and $49,821 in 2023.
- 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 2013 and 2023.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Lake and Peninsula Borough, 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: Even though there is a population where the householder is Some other race, there was no median household income reported by the U.S. Census Bureau for both 2013 and 2023.
- Two or more races (multiracial): In Lake and Peninsula Borough, the median household income for the households where the householder is multiracial increased by $34,184(91.84%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $37,222 in 2013 and $71,406 in 2023.
- Above analysis reconfirms that there are 3 race households in Lake and Peninsula Borough. Households are categorized based on the self-identified race of the head of household.
Lake and Peninsula Borough median household income by race betwen 2013 and 2023
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 2013 to 2023, 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 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $89,565 | $83,534 | $89,464 | $100,173 | $96,108 | $93,524 | $88,828 | $107,035 | $98,904 | $105,361 | $103,732 | $110,340 | $111,154 | $103,750 |
| American Indian and Alaska Native | $50,343 | N/A | $44,385 | $50,908 | $49,073 | $49,641 | $47,201 | $50,296 | $44,761 | $41,230 | $45,392 | $47,483 | $50,002 | $49,821 |
| Asian | N/A | $145,229 | $145,450 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Two or More Races | $86,053 | N/A | $35,841 | $37,222 | $37,151 | N/A | $96,470 | $49,101 | $57,060 | $52,307 | $58,994 | $54,868 | $107,054 | $71,406 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Lake and Peninsula Borough, AK?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with White householders in Lake and Peninsula Borough have the highest median household income at $103,750.
How does the median household income vary by race in Lake and Peninsula Borough, AK?
In Lake and Peninsula Borough, the median household income As we explore median household incomes in Lake and Peninsula Borough, we observe that White households report a median income of about $103,750, Two or More Races households report a median income of about $71,406 and American Indian and Alaska Native households earn roughly $49,821. These differences shed light on the income distribution within the county of Lake and Peninsula Borough..
Which racial group has the lowest median household income according to the Census Bureau in Lake and Peninsula Borough, AK?
Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2019-2023 5-Year Estimates, households headed by individuals identifying as American Indian and Alaska Native in Lake and Peninsula Borough exhibit the lowest median household income at $49,821 among the identified racial categories.
What is the median household income for White households in Lake and Peninsula Borough, AK?
In Lake and Peninsula Borough, the median household income for the households where the householder is White increased by $3,577(3.57%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $100,173 in 2013 and $103,750 in 2023.
What is the median household income for Black or African American households in Lake and Peninsula Borough, AK?
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 2013 and 2023.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)