Maxton, NC median household income diversity
Based on our analysis of the distribution of Maxton population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 67.36% of the total residents in Maxton. Notably, the median household income for Black or African American households is $21,307.
Interestingly, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $67,220. This reveals that, while Black or African Americans may be the most numerous in Maxton, White 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 Maxton, we observe that White households report a median income of about $67,220, Black or African American households report a median income of about $21,307 and American Indian and Alaska Native households earn roughly $13,662. These differences shed light on the income distribution within the town of Maxton.
Maxton, NC median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Maxton, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Maxton.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Maxton, the median household income for the households where the householder is White increased by $816(1.23%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,404 in 2011 and $67,220 in 2021.
- Black or African American: In Maxton, the median household income for the households where the householder is Black or African American decreased by $12,363(36.72%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $33,670 in 2011 and $21,307 in 2021.
- American Indian and Alaska Native: In Maxton, 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 $13,662(2022 inflation-adjusted dollars), marking a significant change.
- 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 2011 and 2021.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Maxton, 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: 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 2011 and 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 Maxton. Households are categorized based on the self-identified race of the head of household.
Maxton 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 | $63,594 | $66,404 | $18,583 | $42,267 | $36,102 | $42,586 | $40,260 | $44,055 | $37,264 | $47,045 | $58,923 | $67,220 | N/A |
| Black or African American | $26,269 | $33,670 | $33,109 | $23,735 | $25,485 | $21,928 | $23,983 | $23,007 | $25,391 | $25,835 | $25,165 | $21,307 | N/A |
| American Indian and Alaska Native | $23,838 | N/A | $7,044 | $7,728 | $9,430 | $10,454 | $12,795 | $13,753 | $14,418 | $18,300 | $15,935 | $13,662 | N/A |
Key observations: Households with American Indian and Alaska Native householders witnessed significant growth in median household income, marking an impressive increase of $13,662. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $12,363 in median income.