Madison County, FL median household income diversity
Based on our analysis of the distribution of Madison County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 56.74% of the total residents in Madison County. Notably, the median household income for White households is $53,749.
Interestingly, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $66,259. This reveals that, while Whites may be the most numerous in Madison County, Two or More Races 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 Madison County, a diversity of median household incomes is evident among households of different races. The Two or More Races households boast the highest median household income at about $66,259. White households have a median income of approximately $53,749. American Indian and Alaska Native households have a median income of approximately $38,797. Conversely, Black or African American households reveal the lowest median income at $26,455. These disparities underscore the varied income distribution within the county of Madison County.
Madison County, FL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Madison County, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Madison County.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Madison County, the median household income for the households where the householder is White decreased by $1,316(2.39%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $55,065 in 2011 and $53,749 in 2021.
- Black or African American: In Madison County, the median household income for the households where the householder is Black or African American decreased by $10,933(29.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $37,388 in 2011 and $26,455 in 2021.
- American Indian and Alaska Native: In Madison County, there was no reported median household income for American Indian and Alaska Native households in 2011. However, in 2021, the median household income increased to $38,797(2022 inflation-adjusted dollars), marking a significant change.
- Asian: In Madison County, the median household income for Asian households was $39,591 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- Native Hawaiian and Other Pacific Islander: Even though there is a population where the householder is Native Hawaiian and Other Pacific Islander, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Some other race: In Madison County, the median household income for Some other race households was $81,724 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 Madison County, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $66,259(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 4 race households in Madison County. Households are categorized based on the self-identified race of the head of household.
Madison County 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 | $60,399 | $55,065 | $48,002 | $45,728 | $46,970 | $47,932 | $42,761 | $47,600 | $53,184 | $55,608 | $53,769 | $53,749 | N/A |
| Black or African American | $37,935 | $37,388 | $34,620 | $35,045 | $31,311 | $27,702 | $26,234 | $26,437 | $26,807 | $28,573 | $26,816 | $26,455 | N/A |
| American Indian and Alaska Native | $119,336 | N/A | N/A | N/A | N/A | N/A | $31,766 | N/A | N/A | $38,178 | N/A | $38,797 | N/A |
| Asian | N/A | $39,591 | $42,693 | $75,981 | $74,590 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Native Hawaiian and Other Pacific Islander | $115,799 | N/A | $116,210 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Some Other Race | $66,734 | $81,724 | $66,030 | $64,932 | $63,473 | N/A | $3,056 | N/A | N/A | N/A | N/A | N/A | N/A |
| Two or More Races | N/A | N/A | $58,525 | $57,729 | $56,800 | $56,453 | $55,740 | N/A | $78,065 | $77,584 | $51,138 | $66,259 | N/A |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $66,259. On the other hand, households where householder is Some other race experienced a notable decline, with a decrease of $81,724 in median income.