Monroe County, FL median household income diversity
Based on our analysis of the distribution of Monroe County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 79.94% of the total residents in Monroe County. Notably, the median household income for White households is $81,431.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $81,431.
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 Monroe County, we observe that White households report a median income of about $81,431, Some Other Race households report a median income of about $79,058 and Two or More Races households earn roughly $69,252. These differences shed light on the income distribution within the county of Monroe County.
Monroe County, FL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Monroe County, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Monroe County.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Monroe County, the median household income for the households where the householder is White increased by $10,364(14.58%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $71,067 in 2012 and $81,431 in 2022.
- Black or African American: In Monroe County, the median household income for Black or African American households was $58,787 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
- American Indian and Alaska Native: In Monroe County, the median household income for American Indian and Alaska Native households was $15,121 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
- Asian: In Monroe County, the median household income for Asian households was $37,167 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
- 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: In Monroe County, there was no reported median household income for Some other race households in 2012. However, in 2022, the median household income increased to $79,058, marking a significant change.
- Two or more races (multiracial): In Monroe County, there was no reported median household income for multiracial households in 2012. However, in 2022, the median household income increased to $69,252, marking a significant change.
- Above analysis reconfirms that there are 3 race households in Monroe County. Households are categorized based on the self-identified race of the head of household.
Monroe County 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 | $69,493 | $69,487 | $71,067 | $65,421 | $75,555 | $77,352 | $85,391 | $81,823 | $88,140 | $81,418 | N/A | $79,969 | $81,431 |
| Black or African American | $51,184 | $55,432 | $58,787 | $32,802 | $18,966 | $57,593 | $33,236 | $56,125 | $78,935 | $61,950 | N/A | $97,239 | N/A |
| American Indian and Alaska Native | N/A | N/A | $15,121 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asian | N/A | $27,849 | $37,167 | N/A | N/A | N/A | $80,021 | N/A | $292,266 | $86,930 | N/A | $153,043 | N/A |
| Some Other Race | N/A | N/A | N/A | $36,376 | N/A | N/A | N/A | $36,471 | $45,589 | $111,951 | N/A | $53,236 | $79,058 |
| Two or More Races | N/A | N/A | N/A | $55,903 | $52,502 | $59,441 | N/A | N/A | N/A | $92,171 | N/A | $59,327 | $69,252 |
Key observations: Households with Some other race householders witnessed significant growth in median household income, marking an impressive increase of $79,058. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $58,787 in median income.