Median Household Income by Racial Categories in Lake Providence, LA , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Lake Providence, 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 | $68,571 |
| Two or More Races | $34,250 |
TABLE OF CONTENTS
Lake Providence, LA median household income diversity
Based on our analysis of the distribution of Lake Providence population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 75.06% of the total residents in Lake Providence. Notably, the median household income for Black or African American households is not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
Interestingly, despite the Black or African American population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that White households actually reports the highest median household income, with a median income of $68,571. This reveals that, while Black or African Americans may be the most numerous in Lake Providence, 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 Providence, we observe that White households report a median income of about $68,571, while Two or More Races households earn around $34,250. These differences shed light on the income distribution within the town of Lake Providence.
Lake Providence, LA median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Lake Providence, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Lake Providence.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Lake Providence, the median household income for the households where the householder is White decreased by $23,697(25.68%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $92,268 in 2013 and $68,571 in 2023.
- Black or African American: In Lake Providence, the median household income for Black or African American households was $21,333 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Lake Providence, 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 Lake Providence, based on U.S. Census Bureau population data, households with Asian householders are non existent. Therefore, the median household income for the Asian population cannot be determined.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Lake Providence, 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: According to U.S. Census Bureau population data for Lake Providence, Some other race-led households are absent, rendering the median household income for the Some other race population inconclusive.
- Two or more races (multiracial): In Lake Providence, there was no reported median household income for multiracial households in 2013. However, in 2023, the median household income increased to $34,250, marking a significant change.
- Above analysis reconfirms that there are 2 race households in Lake Providence. Households are categorized based on the self-identified race of the head of household.
Lake Providence 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 | $72,443 | $94,211 | $72,440 | $92,268 | $74,994 | $67,276 | $55,104 | $56,264 | $41,844 | $52,307 | $59,387 | $61,111 | $59,471 | $68,571 |
| Black or African American | $19,496 | $21,777 | $21,490 | $21,333 | $23,527 | $21,941 | $19,793 | $18,028 | $17,027 | $16,964 | $18,805 | $21,231 | $21,778 | N/A |
| American Indian and Alaska Native | $3,511 | N/A | N/A | 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $32,279 | $34,250 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Lake Providence, LA?
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 Providence have the highest median household income at $68,571.
How does the median household income vary by race in Lake Providence, LA?
In Lake Providence, the median household income As we explore median household incomes in Lake Providence, we observe that White households report a median income of about $68,571, while Two or More Races households earn around $34,250. These differences shed light on the income distribution within the town of Lake Providence..
Which racial group has the lowest median household income according to the Census Bureau in Lake Providence, LA?
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 Two or More Races in Lake Providence exhibit the lowest median household income at $34,250 among the identified racial categories.
What is the median household income for White households in Lake Providence, LA?
In Lake Providence, the median household income for the households where the householder is White decreased by $23,697(25.68%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $92,268 in 2013 and $68,571 in 2023.
What is the median household income for Black or African American households in Lake Providence, LA?
In Lake Providence, the median household income for Black or African American households was $21,333 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
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)
