Millbourne, PA median household income diversity
Based on our analysis of the distribution of Millbourne population by race & ethnicity, the population is predominantly Asian. This particular racial category constitutes the majority, accounting for 63.86% of the total residents in Millbourne. Notably, the median household income for Asian households is $51,596.
Interestingly, despite the Asian population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $64,044. This reveals that, while Asians may be the most numerous in Millbourne, 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 Millbourne, we observe that White households report a median income of about $64,044, Black or African American households report a median income of about $61,199 and Asian households earn roughly $51,596. These differences shed light on the income distribution within the borough of Millbourne.
Millbourne, PA median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Millbourne, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the borough of Millbourne.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Millbourne, the median household income for the households where the householder is White increased by $26,962(72.71%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $37,082 in 2011 and $64,044 in 2021.
- Black or African American: In Millbourne, the median household income for the households where the householder is Black or African American decreased by $15,294(19.99%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $76,493 in 2011 and $61,199 in 2021.
- 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 2011 and 2021.
- Asian: In Millbourne, the median household income for the households where the householder is Asian increased by $332(0.65%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $51,264 in 2011 and $51,596 in 2021.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Millbourne, 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: According to U.S. Census Bureau population data for Millbourne, Some other race-led households are absent, rendering the median household income for the Some other race population inconclusive.
- Two or more races (multiracial): In the demographic landscape of Millbourne, revealed by the U.S. Census Bureau population data, there are no households led by multiracial householders. Consequently, the median household income for the multiracial population remains unspecified.
- Above analysis reconfirms that there are 3 race households in Millbourne. Households are categorized based on the self-identified race of the head of household.
Millbourne 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 | $35,138 | $37,082 | $36,609 | $36,589 | $31,801 | $34,379 | N/A | $82,336 | $83,149 | $81,970 | $80,579 | $64,044 | N/A |
| Black or African American | $65,145 | $76,493 | $76,948 | $52,834 | $41,691 | $44,909 | $32,870 | $41,417 | $52,398 | $80,465 | $61,945 | $61,199 | N/A |
| Asian | $55,787 | $51,264 | $57,179 | $55,024 | $45,956 | $44,220 | $39,695 | $38,340 | $41,242 | $39,709 | $51,109 | $51,596 | N/A |
| Two or More Races | $28,672 | N/A | $31,020 | $31,192 | $43,435 | N/A | $56,313 | $55,390 | N/A | N/A | N/A | N/A | N/A |
Key observations: Households with White householders witnessed significant growth in median household income, marking an impressive increase of $26,962. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $15,294 in median income.