Mankato, MN Median Household Income By Race

Mankato, MN median household income diversity

Based on our analysis of the distribution of Mankato population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 85.75% of the total residents in Mankato. Notably, the median household income for White households is $64,318.

Interestingly, White is both the largest group and the one with the highest median household income, which stands at $64,318.

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 Mankato, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $64,318. Two or More Races households have a median income of approximately $56,458. Asian households have a median income of approximately $49,344. American Indian and Alaska Native households have a median income of approximately $46,666. Black or African American households have a median income of approximately $29,641. Conversely, Some Other Race households reveal the lowest median income at $29,492. These disparities underscore the varied income distribution within the city of Mankato.

Mankato, MN median household income trends across races

A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Mankato, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Mankato.

Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:

• White: In Mankato, the median household income for the households where the householder is White increased by $9,507(17.35%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $54,811 in 2011 and $64,318 in 2021.
• Black or African American: In Mankato, the median household income for the households where the householder is Black or African American increased by $10,435(54.33%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $19,206 in 2011 and $29,641 in 2021.
• American Indian and Alaska Native: In Mankato, 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 $46,666(2022 inflation-adjusted dollars), marking a significant change.
• Asian: In Mankato, the median household income for the households where the householder is Asian increased by $9,183(22.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,161 in 2011 and $49,344 in 2021.
• 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 Mankato, the median household income for the households where the householder is Some other race decreased by $6,232(17.44%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $35,724 in 2011 and $29,492 in 2021.
• Two or more races (multiracial): In Mankato, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $56,458(2022 inflation-adjusted dollars), marking a significant change.
• Above analysis reconfirms that there are 6 race households in Mankato. Households are categorized based on the self-identified race of the head of household.

Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $56,458. On the other hand, households where householder is Some other race experienced a notable decline, with a decrease of $6,232 in median income.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Mankato, MN?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with White householders in Mankato have the highest median household income at $64,318.

How does the median household income vary by race in Mankato, MN?

In Mankato, the median household income In Mankato, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $64,318. Two or More Races households have a median income of approximately $56,458. Asian households have a median income of approximately $49,344. American Indian and Alaska Native households have a median income of approximately $46,666. Black or African American households have a median income of approximately $29,641. Conversely, Some Other Race households reveal the lowest median income at $29,492. These disparities underscore the varied income distribution within the city of Mankato..

Which racial group has the lowest median household income according to the Census Bureau in Mankato, MN?

Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2017-2021 5-Year Estimates, households headed by individuals identifying as Some Other Race in Mankato exhibit the lowest median household income at $29,492 among the identified racial categories.

What is the median household income for White households in Mankato, MN?

In Mankato, the median household income for the households where the householder is White increased by $9,507(17.35%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $54,811 in 2011 and $64,318 in 2021.

What is the median household income for Black or African American households in Mankato, MN?

In Mankato, the median household income for the households where the householder is Black or African American increased by $10,435(54.33%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $19,206 in 2011 and $29,641 in 2021.

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