Monroe City, MO median household income diversity
Based on our analysis of the distribution of Monroe City population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 85.78% of the total residents in Monroe City. Notably, the median household income for White households is $55,862.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $55,862.
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 Monroe City, we observe that White households report a median income of about $55,862, Black or African American households report a median income of about $33,441 and Two or More Races households earn roughly $15,634. These differences shed light on the income distribution within the city of Monroe City.
Monroe City, MO median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Monroe City, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Monroe City.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Monroe City, the median household income for the households where the householder is White decreased by $1,004(1.77%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,866 in 2011 and $55,862 in 2021.
- Black or African American: In Monroe City, the median household income for the households where the householder is Black or African American decreased by $9,684(22.46%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $43,125 in 2011 and $33,441 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: 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 Monroe City, 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 Monroe City, 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 Monroe City, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $15,634(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 3 race households in Monroe City. Households are categorized based on the self-identified race of the head of household.
Monroe City 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 | $51,683 | $56,866 | $61,137 | $51,169 | $47,075 | $42,908 | $42,765 | $42,901 | $41,737 | $43,632 | $56,439 | $55,862 | N/A |
| Black or African American | $44,780 | $43,125 | $43,350 | $42,152 | $43,564 | N/A | N/A | N/A | N/A | N/A | $13,692 | $33,441 | N/A |
| American Indian and Alaska Native | N/A | N/A | $35,222 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $17,384 | N/A | N/A |
| Two or More Races | $58,281 | N/A | $3,201 | N/A | N/A | N/A | N/A | N/A | $54,069 | N/A | N/A | $15,634 | N/A |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $15,634. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $9,684 in median income.