Median Household Income by Racial Categories in Madison, WI , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Madison, 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 | $82,941 |
| Black or African American | $43,191 |
| American Indian and Alaska Native | $53,873 |
| Asian | $67,381 |
| Native Hawaiian and Other Pacific Islander | $145,104 |
| Some Other Race | $55,182 |
| Two or More Races | $68,487 |
TABLE OF CONTENTS
Madison, WI median household income diversity
Based on our analysis of the distribution of Madison population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 73.01% of the total residents in Madison. Notably, the median household income for White households is $82,941.
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 $145,104. This reveals that, while Whites may be the most numerous in Madison, 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 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
In Madison, 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 $145,104. White households have a median income of approximately $82,941. Two or More Races households have a median income of approximately $68,487. Asian households have a median income of approximately $67,381. Some Other Race households have a median income of approximately $55,182. American Indian and Alaska Native households have a median income of approximately $53,873. Conversly, Black or African American households reveal the lowest median income at $43,191. These disparities underscore the varied income distribution within the city of Madison.
Madison, WI median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Madison, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Madison.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Madison, the median household income for the households where the householder is White increased by $8,517(11.44%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $74,424 in 2013 and $82,941 in 2023.
- Black or African American: In Madison, the median household income for the households where the householder is Black or African American increased by $8,772(25.49%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $34,419 in 2013 and $43,191 in 2023.
- American Indian and Alaska Native: In Madison, the median household income for the households where the householder is American Indian and Alaska Native increased by $12,490(30.18%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $41,383 in 2013 and $53,873 in 2023.
- Asian: In Madison, the median household income for the households where the householder is Asian increased by $14,936(28.48%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $52,445 in 2013 and $67,381 in 2023.
- Native Hawaiian and Other Pacific Islander: In Madison, there was no reported median household income for Native Hawaiian and Other Pacific Islander households in 2013. However, in 2023, the median household income increased to $145,104, marking a significant change.
- Some other race: In Madison, the median household income for the households where the householder is Some other race increased by $3,180(6.12%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $52,002 in 2013 and $55,182 in 2023.
- Two or more races (multiracial): In Madison, the median household income for the households where the householder is multiracial increased by $21,219(44.89%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $47,268 in 2013 and $68,487 in 2023.
- Above analysis reconfirms that there are 7 race households in Madison. Households are categorized based on the self-identified race of the head of household.
Madison 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 | $77,820 | $77,469 | $76,528 | $74,424 | $74,608 | $75,528 | $76,247 | $77,857 | $80,781 | $82,642 | $84,337 | $83,945 | $83,203 | $82,941 |
| Black or African American | $45,144 | $38,146 | $34,668 | $34,419 | $35,762 | $35,066 | $37,579 | $36,998 | $36,872 | $37,289 | $41,088 | $42,304 | $43,147 | $43,191 |
| American Indian and Alaska Native | $74,857 | N/A | $36,101 | $41,383 | $48,458 | $53,427 | $53,594 | $55,239 | $53,122 | $49,372 | $53,757 | $59,870 | $62,041 | $53,873 |
| Asian | $53,520 | $50,443 | $54,676 | $52,445 | $50,826 | $57,076 | $59,293 | $61,680 | $66,229 | $71,499 | $74,877 | $75,023 | $72,451 | $67,381 |
| Native Hawaiian and Other Pacific Islander | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $91,255 | $88,852 | $90,602 | $89,725 | $91,311 | $143,291 | $145,104 |
| Some Other Race | $71,448 | $73,599 | $67,099 | $52,002 | $48,666 | $47,653 | $48,602 | $52,330 | $54,270 | $61,797 | $61,304 | $60,944 | $58,905 | $55,182 |
| Two or More Races | $51,563 | N/A | $46,942 | $47,268 | $49,056 | $43,853 | $46,747 | $51,996 | $52,242 | $67,999 | $86,174 | $71,415 | $69,059 | $68,487 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Madison, WI?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Native Hawaiian and Other Pacific Islander householders in Madison have the highest median household income at $145,104.
How does the median household income vary by race in Madison, WI?
In Madison, the median household income In Madison, 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 $145,104. White households have a median income of approximately $82,941. Two or More Races households have a median income of approximately $68,487. Asian households have a median income of approximately $67,381. Some Other Race households have a median income of approximately $55,182. American Indian and Alaska Native households have a median income of approximately $53,873. Conversly, Black or African American households reveal the lowest median income at $43,191. These disparities underscore the varied income distribution within the city of Madison..
Which racial group has the lowest median household income according to the Census Bureau in Madison, WI?
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 Black or African American in Madison exhibit the lowest median household income at $43,191 among the identified racial categories.
What is the median household income for White households in Madison, WI?
In Madison, the median household income for the households where the householder is White increased by $8,517(11.44%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $74,424 in 2013 and $82,941 in 2023.
What is the median household income for Black or African American households in Madison, WI?
In Madison, the median household income for the households where the householder is Black or African American increased by $8,772(25.49%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $34,419 in 2013 and $43,191 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)
