Medford, MA median household income diversity
Based on our analysis of the distribution of Medford population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 70.91% of the total residents in Medford. Notably, the median household income for White households is $110,484.
Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $165,097. This reveals that, while Whites may be the most numerous in Medford, Asian 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.
As we explore median household incomes in Medford, we observe that Asian households report a median income of about $165,097, Black or African American households report a median income of about $125,638 and White households earn roughly $110,484. These differences shed light on the income distribution within the city of Medford.
Medford, MA median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Medford, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Medford.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Medford, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $110,484, marking a significant change.
- Black or African American: In Medford, there was no reported median household income for Black or African American households in 2012. However, in 2022, the median household income increased to $125,638, marking a significant change.
- 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 2012 and 2022.
- Asian: In Medford, there was no reported median household income for Asian households in 2012. However, in 2022, the median household income increased to $165,097, marking a significant change.
- 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 2012 and 2022.
- Some other race: X
- Two or more races (multiracial): X
- Above analysis reconfirms that there are 3 race households in Medford. Households are categorized based on the self-identified race of the head of household.
Medford median household income by race betwen 2012 and 2022
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 2012 to 2022, 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $110,484 |
| Black or African American | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $125,638 |
| Asian | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $165,097 |
Key observations: Households with Asian householders witnessed significant growth in median household income, marking an impressive increase of $165,097. Among all racial categories, there was no instance of householders experiencing a decline in median household income, indicating a consistent or upward trend across all household demographics.