Lipscomb, AL median household income diversity
Based on our analysis of the distribution of Lipscomb population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 69.14% of the total residents in Lipscomb. Notably, the median household income for Black or African American households is $37,352.
Interestingly, despite the Black or African American population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $93,229. This reveals that, while Black or African Americans may be the most numerous in Lipscomb, Some Other Race 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).
As we explore median household incomes in Lipscomb, we observe that Some Other Race households report a median income of about $93,229, White households report a median income of about $69,922 and Black or African American households earn roughly $37,352. These differences shed light on the income distribution within the city of Lipscomb.
Lipscomb, AL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Lipscomb, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Lipscomb.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Lipscomb, the median household income for the households where the householder is White increased by $37,051(112.72%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $32,871 in 2011 and $69,922 in 2021.
- Black or African American: In Lipscomb, the median household income for the households where the householder is Black or African American decreased by $454(1.20%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $37,806 in 2011 and $37,352 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 Lipscomb, 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 Lipscomb, 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 Lipscomb, the median household income for the households where the householder is Some other race increased by $50,032(115.82%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $43,197 in 2011 and $93,229 in 2021.
- Two or more races (multiracial): Even though there is a population where the householder is multiracial, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Above analysis reconfirms that there are 3 race households in Lipscomb. Households are categorized based on the self-identified race of the head of household.
Lipscomb 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 | $32,468 | $32,871 | $35,322 | $31,280 | $30,250 | $28,815 | $29,558 | $28,568 | N/A | N/A | $53,187 | $69,922 | N/A |
| Black or African American | $43,168 | $37,806 | $38,122 | $38,830 | $35,754 | $33,071 | $33,156 | $26,946 | $27,535 | $30,985 | $35,482 | $37,352 | N/A |
| Some Other Race | $19,790 | $43,197 | $42,119 | $26,877 | $40,481 | $40,545 | $38,771 | $39,778 | $48,622 | $75,801 | $75,071 | $93,229 | N/A |
Key observations: Households with Some other race householders witnessed significant growth in median household income, marking an impressive increase of $50,032. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $454 in median income.