Median Household Income by Racial Categories in Lake Mary, FL , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Lake Mary, 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 | $117,930 |
| Black or African American | $93,833 |
| Asian | $139,351 |
| Two or More Races | $97,936 |
TABLE OF CONTENTS
Lake Mary, FL median household income diversity
Based on our analysis of the distribution of Lake Mary population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 66.86% of the total residents in Lake Mary. Notably, the median household income for White households is $117,930.
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 $139,351. This reveals that, while Whites may be the most numerous in Lake Mary, 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 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
In Lake Mary, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $139,351. White households have a median income of approximately $117,930. Two or More Races households have a median income of approximately $97,936. Conversly, Black or African American households reveal the lowest median income at $93,833. These disparities underscore the varied income distribution within the city of Lake Mary.
Lake Mary, FL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Lake Mary, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Lake Mary.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Lake Mary, the median household income for the households where the householder is White increased by $17,783(17.76%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $100,147 in 2013 and $117,930 in 2023.
- Black or African American: In Lake Mary, the median household income for the households where the householder is Black or African American decreased by $90,222(49.02%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $184,055 in 2013 and $93,833 in 2023.
- 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 2013 and 2023.
- Asian: In Lake Mary, the median household income for the households where the householder is Asian increased by $13,006(10.29%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $126,345 in 2013 and $139,351 in 2023.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Lake Mary, 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 Lake Mary, the median household income for Some other race households was $60,175 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
- Two or more races (multiracial): In Lake Mary, the median household income for the households where the householder is multiracial increased by $49,567(102.48%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $48,369 in 2013 and $97,936 in 2023.
- Above analysis reconfirms that there are 4 race households in Lake Mary. Households are categorized based on the self-identified race of the head of household.
Lake Mary 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 | $115,488 | $114,321 | $101,235 | $100,147 | $109,742 | $111,603 | $117,214 | $117,488 | $115,755 | $116,542 | $113,393 | $109,052 | $115,680 | $117,930 |
| Black or African American | $111,982 | $184,950 | $184,034 | $184,055 | $163,834 | $117,250 | $142,362 | $89,099 | $86,673 | $138,593 | N/A | N/A | $111,432 | $93,833 |
| Asian | $86,207 | $84,771 | $84,453 | $126,345 | $134,587 | $135,045 | $145,894 | $138,419 | $145,674 | $139,485 | $140,675 | $151,741 | $165,391 | $139,351 |
| Some Other Race | $71,850 | $60,649 | $60,431 | $60,175 | $29,632 | N/A | $23,879 | $18,503 | $18,121 | N/A | N/A | N/A | $91,235 | N/A |
| Two or More Races | $123,591 | N/A | $107,228 | $48,369 | $50,819 | N/A | $61,920 | $47,988 | N/A | $60,941 | N/A | $99,601 | $69,447 | $97,936 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Lake Mary, FL?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Asian householders in Lake Mary have the highest median household income at $139,351.
How does the median household income vary by race in Lake Mary, FL?
In Lake Mary, the median household income In Lake Mary, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $139,351. White households have a median income of approximately $117,930. Two or More Races households have a median income of approximately $97,936. Conversly, Black or African American households reveal the lowest median income at $93,833. These disparities underscore the varied income distribution within the city of Lake Mary..
Which racial group has the lowest median household income according to the Census Bureau in Lake Mary, FL?
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 Black or African American in Lake Mary exhibit the lowest median household income at $93,833 among the identified racial categories.
What is the median household income for White households in Lake Mary, FL?
In Lake Mary, the median household income for the households where the householder is White increased by $17,783(17.76%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $100,147 in 2013 and $117,930 in 2023.
What is the median household income for Black or African American households in Lake Mary, FL?
In Lake Mary, the median household income for the households where the householder is Black or African American decreased by $90,222(49.02%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $184,055 in 2013 and $93,833 in 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)
