Median Household Income by Racial Categories in Madison County, VA , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Madison County, 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 | $87,196 |
| Black or African American | $65,481 |
| Two or More Races | $37,670 |
TABLE OF CONTENTS
Madison County, VA 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 84.68% of the total residents in Madison County. Notably, the median household income for White households is $87,196.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $87,196.
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 Madison County, we observe that White households report a median income of about $87,196, Black or African American households report a median income of about $65,481 and Two or More Races households earn roughly $37,670. These differences shed light on the income distribution within the county of Madison County.
Madison County, VA 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 increased by $15,476(21.58%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $71,720 in 2013 and $87,196 in 2023.
- Black or African American: In Madison County, the median household income for the households where the householder is Black or African American increased by $11,289(20.83%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $54,192 in 2013 and $65,481 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: Even though there is a population where the householder is Asian, there was no median household income reported by the U.S. Census Bureau for both 2013 and 2023.
- 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 2013 and 2023.
- Some other race: Even though there is a population where the householder is Some other race, there was no median household income reported by the U.S. Census Bureau for both 2013 and 2023.
- Two or more races (multiracial): In Madison County, the median household income for the households where the householder is multiracial decreased by $51,419(57.72%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $89,089 in 2013 and $37,670 in 2023.
- Above analysis reconfirms that there are 3 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 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 | $83,850 | $84,983 | $77,420 | $71,720 | $68,174 | $63,119 | $62,264 | $64,680 | $64,774 | $68,157 | $76,421 | $82,123 | $78,511 | $87,196 |
| Black or African American | $57,711 | $57,429 | $57,503 | $54,192 | $39,071 | $25,195 | $38,843 | $54,037 | $57,009 | $69,620 | $65,189 | $69,791 | $69,199 | $65,481 |
| Some Other Race | $97,163 | $97,697 | 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 | $82,981 | $89,089 | $90,223 | $90,158 | $96,974 | $98,345 | $96,917 | N/A | $119,690 | N/A | N/A | $37,670 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Madison County, VA?
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 Madison County have the highest median household income at $87,196.
How does the median household income vary by race in Madison County, VA?
In Madison County, the median household income As we explore median household incomes in Madison County, we observe that White households report a median income of about $87,196, Black or African American households report a median income of about $65,481 and Two or More Races households earn roughly $37,670. These differences shed light on the income distribution within the county of Madison County..
Which racial group has the lowest median household income according to the Census Bureau in Madison County, VA?
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 Madison County exhibit the lowest median household income at $37,670 among the identified racial categories.
What is the median household income for White households in Madison County, VA?
In Madison County, the median household income for the households where the householder is White increased by $15,476(21.58%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $71,720 in 2013 and $87,196 in 2023.
What is the median household income for Black or African American households in Madison County, VA?
In Madison County, the median household income for the households where the householder is Black or African American increased by $11,289(20.83%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $54,192 in 2013 and $65,481 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)
