Montgomery County, TN median household income diversity
Based on our analysis of the distribution of Montgomery County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 67.13% of the total residents in Montgomery County. Notably, the median household income for White households is $74,422.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $74,422.
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.
In Montgomery County, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $74,422. Asian households have a median income of approximately $65,804. Black or African American households have a median income of approximately $60,134. Two or More Races households have a median income of approximately $55,019. Conversely, Some Other Race households reveal the lowest median income at $49,938. These disparities underscore the varied income distribution within the county of Montgomery County.
Montgomery County, TN median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Montgomery County, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Montgomery County.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Montgomery County, the median household income for the households where the householder is White increased by $8,717(13.27%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $65,705 in 2012 and $74,422 in 2022.
- Black or African American: In Montgomery County, the median household income for the households where the householder is Black or African American increased by $19,022(46.27%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $41,112 in 2012 and $60,134 in 2022.
- American Indian and Alaska Native: In Montgomery County, the median household income for American Indian and Alaska Native households was $98,092 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 Montgomery County, the median household income for the households where the householder is Asian increased by $10,177(18.30%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $55,627 in 2012 and $65,804 in 2022.
- Native Hawaiian and Other Pacific Islander: In Montgomery County, the median household income for Native Hawaiian and Other Pacific Islander households was $84,272 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
- Some other race: In Montgomery County, there was no reported median household income for Some other race households in 2012. However, in 2022, the median household income increased to $49,938, marking a significant change.
- Two or more races (multiracial): In Montgomery County, the median household income for the households where the householder is multiracial increased by $13,898(33.80%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $41,121 in 2012 and $55,019 in 2022.
- Above analysis reconfirms that there are 5 race households in Montgomery County. Households are categorized based on the self-identified race of the head of household.
Montgomery 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 | $68,612 | $67,732 | $65,705 | $67,175 | $65,725 | $63,919 | $72,246 | $76,264 | $66,490 | $71,974 | N/A | $72,728 | $74,422 |
| Black or African American | $50,560 | $45,480 | $41,112 | $49,080 | $48,658 | $56,197 | $61,402 | $61,475 | $68,865 | $48,495 | N/A | $53,186 | $60,134 |
| American Indian and Alaska Native | N/A | $54,181 | $98,092 | $82,105 | $55,642 | N/A | $62,779 | N/A | $70,967 | N/A | N/A | $132,434 | N/A |
| Asian | $58,741 | N/A | $55,627 | $74,279 | $64,247 | $56,493 | N/A | $32,010 | N/A | $71,877 | N/A | $91,017 | $65,804 |
| Native Hawaiian and Other Pacific Islander | N/A | N/A | $84,272 | N/A | N/A | N/A | N/A | N/A | $138,102 | $50,280 | N/A | N/A | N/A |
| Some Other Race | N/A | $32,471 | N/A | $75,434 | $74,730 | $49,882 | N/A | $26,498 | $47,223 | $48,471 | N/A | $58,853 | $49,938 |
| Two or More Races | N/A | $48,928 | $41,121 | $66,277 | $44,655 | $38,680 | $71,321 | $57,654 | $53,266 | $56,921 | N/A | $65,073 | $55,019 |
Key observations: Households with Some other race householders witnessed significant growth in median household income, marking an impressive increase of $49,938. On the other hand, households where householder is American Indian and Alaska Native experienced a notable decline, with a decrease of $98,092 in median income.