Milford Town, New York median household income diversity
Based on our analysis of the distribution of Milford town population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 94.56% of the total residents in Milford town. Notably, the median household income for White households is $71,031.
Interestingly, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $76,886. This reveals that, while Whites may be the most numerous in Milford town, Black or African American 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 Milford town, we observe that Black or African American households report a median income of about $76,886, while White households earn around $71,031. These differences shed light on the income distribution within the town of Milford town.
Milford Town, New York median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Milford town, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Milford town.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Milford town, the median household income for the households where the householder is White increased by $10,153(16.68%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $60,878 in 2011 and $71,031 in 2021.
- Black or African American: In Milford town, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $76,886(2022 inflation-adjusted dollars), marking a significant change.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Milford town, indicates a lack of households led by American Indian and Alaska Native individuals. As a result, the median household income for the American Indian and Alaska Native population is not available.
- Asian: In Milford town, based on U.S. Census Bureau population data, households with Asian householders are non existent. Therefore, the median household income for the Asian population cannot be determined.
- 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: 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 2 race households in Milford town. Households are categorized based on the self-identified race of the head of household.
Milford town 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 | $59,700 | $60,878 | $60,245 | $62,806 | $59,159 | $57,408 | $55,656 | $66,785 | $65,029 | $59,191 | $68,526 | $71,031 | N/A |
| 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 | $76,886 | N/A |
| Two or More Races | N/A | N/A | N/A | N/A | N/A | $10,840 | N/A | $10,380 | $10,229 | N/A | N/A | N/A | N/A |
Key observations: Households with Black or African American householders witnessed significant growth in median household income, marking an impressive increase of $76,886. 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.