Lake Oswego, OR median household income diversity
Based on our analysis of the distribution of Lake Oswego population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 79.70% of the total residents in Lake Oswego. Notably, the median household income for White households is $125,941.
Interestingly, despite the White population being the most populous, it is worth noting that Native Hawaiian and Other Pacific Islander households actually reports the highest median household income, with a median income of $197,990. This reveals that, while Whites may be the most numerous in Lake Oswego, Native Hawaiian and Other Pacific Islander 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 Lake Oswego, a diversity of median household incomes is evident among households of different races. The Native Hawaiian and Other Pacific Islander households boast the highest median household income at about $197,990. Asian households have a median income of approximately $179,144. Two or More Races households have a median income of approximately $162,588. Conversely, White households reveal the lowest median income at $125,941. These disparities underscore the varied income distribution within the city of Lake Oswego.
Lake Oswego, OR median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Lake Oswego, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Lake Oswego.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Lake Oswego, the median household income for the households where the householder is White increased by $18,156(16.84%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $107,785 in 2011 and $125,941 in 2021.
- Black or African American: In Lake Oswego, the median household income for Black or African American households was $105,219 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: 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 Lake Oswego, the median household income for the households where the householder is Asian increased by $62,770(53.94%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $116,374 in 2011 and $179,144 in 2021.
- Native Hawaiian and Other Pacific Islander: In Lake Oswego, there was no reported median household income for Native Hawaiian and Other Pacific Islander households in 2011. However, in 2021, the median household income increased to $197,990(2022 inflation-adjusted dollars), marking a significant change.
- Some other race: In Lake Oswego, the median household income for Some other race households was $46,394 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- Two or more races (multiracial): In Lake Oswego, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $162,588(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 4 race households in Lake Oswego. Households are categorized based on the self-identified race of the head of household.
Lake Oswego 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 | $111,509 | $107,785 | $108,287 | $106,982 | $105,575 | $106,350 | $110,958 | $113,445 | $118,013 | $124,462 | $127,946 | $125,941 | N/A |
| Black or African American | $73,109 | $105,219 | $106,580 | $56,481 | $130,514 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asian | $97,085 | $116,374 | $120,327 | $97,669 | $97,835 | $106,435 | $111,284 | $120,343 | $139,469 | $143,846 | $179,973 | $179,144 | N/A |
| Native Hawaiian and Other Pacific Islander | $3,372 | N/A | $3,201 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $197,990 | N/A |
| Some Other Race | $44,227 | $46,394 | $31,962 | $48,365 | $33,677 | $78,231 | $70,327 | $79,694 | N/A | N/A | N/A | N/A | N/A |
| Two or More Races | $76,085 | N/A | $96,594 | $114,109 | $75,754 | $85,548 | $85,138 | N/A | N/A | $165,056 | $163,739 | $162,588 | N/A |
Key observations: Households with Native Hawaiian and Other Pacific Islander householders witnessed significant growth in median household income, marking an impressive increase of $197,990. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $105,219 in median income.