Median Household Income by Racial Categories in Montgomery township, Montgomery County, Pennsylvania , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Montgomery township, based on the latest 5-Year estimates from the American Community Survey , when adjusted for the inflation.
| Race Of The Head Of Household | Median Household Income |
|---|---|
| White | $116,771 |
| Black or African American | $197,273 |
| Asian | $178,364 |
| Two or More Races | $228,173 |
TABLE OF CONTENTS
Montgomery township, Montgomery County, Pennsylvania median household income diversity
Based on our analysis of the distribution of Montgomery township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 65.13% of the total residents in Montgomery township. Notably, the median household income for White households is $116,771.
Interestingly, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $228,173. This reveals that, while Whites may be the most numerous in Montgomery township, Two or More Races 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 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
In Montgomery township, a diversity of median household incomes is evident among households of different races. The Two or More Races households boast the highest median household income at about $228,173. Black or African American households have a median income of approximately $197,273. Asian households have a median income of approximately $178,364. Conversly, White households reveal the lowest median income at $116,771. These disparities underscore the varied income distribution within the township of Montgomery township.
Montgomery township, Montgomery County, Pennsylvania median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Montgomery township, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the township of Montgomery township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Montgomery township, the median household income for the households where the householder is White decreased by $9,633(7.62%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $126,404 in 2013 and $116,771 in 2023.
- Black or African American: In Montgomery township, the median household income for the households where the householder is Black or African American increased by $54,344(38.02%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $142,929 in 2013 and $197,273 in 2023.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Montgomery township, 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 Montgomery township, the median household income for the households where the householder is Asian increased by $31,225(21.22%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $147,139 in 2013 and $178,364 in 2023.
- 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 2013 and 2023.
- 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 2013 and 2023.
- Two or more races (multiracial): In Montgomery township, the median household income for the households where the householder is multiracial decreased by $4,469(1.92%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $232,642 in 2013 and $228,173 in 2023.
- Above analysis reconfirms that there are 4 race households in Montgomery township. Households are categorized based on the self-identified race of the head of household.
Montgomery township median household income by race betwen 2013 and 2023
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 2013 to 2023, 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 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $118,157 | $118,321 | $125,168 | $126,404 | $131,093 | $129,700 | $132,836 | $139,189 | $134,399 | $135,336 | $118,545 | $118,525 | $118,008 | $116,771 |
| Black or African American | $131,481 | $146,009 | $147,828 | $142,929 | $125,990 | $131,783 | $129,476 | $130,313 | $115,332 | $134,354 | $195,240 | $197,515 | $195,393 | $197,273 |
| Asian | $126,285 | $139,102 | $148,054 | $147,139 | $134,816 | $140,208 | $126,628 | $126,282 | $108,725 | $125,723 | $130,377 | $154,397 | $152,057 | $178,364 |
| Some Other Race | $124,689 | $125,167 | $217,687 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Two or More Races | $208,253 | N/A | $333,409 | $232,642 | $150,219 | $110,821 | $110,276 | $109,534 | $146,253 | $152,437 | $150,154 | $281,376 | $239,616 | $228,173 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Montgomery township, Montgomery County, Pennsylvania?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Two or More Races householders in Montgomery township have the highest median household income at $228,173.
How does the median household income vary by race in Montgomery township, Montgomery County, Pennsylvania?
In Montgomery township, the median household income In Montgomery township, a diversity of median household incomes is evident among households of different races. The Two or More Races households boast the highest median household income at about $228,173. Black or African American households have a median income of approximately $197,273. Asian households have a median income of approximately $178,364. Conversly, White households reveal the lowest median income at $116,771. These disparities underscore the varied income distribution within the township of Montgomery township..
Which racial group has the lowest median household income according to the Census Bureau in Montgomery township, Montgomery County, Pennsylvania?
Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2019-2023 5-Year Estimates, households headed by individuals identifying as White in Montgomery township exhibit the lowest median household income at $116,771 among the identified racial categories.
What is the median household income for White households in Montgomery township, Montgomery County, Pennsylvania?
In Montgomery township, the median household income for the households where the householder is White decreased by $9,633(7.62%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $126,404 in 2013 and $116,771 in 2023.
What is the median household income for Black or African American households in Montgomery township, Montgomery County, Pennsylvania?
In Montgomery township, the median household income for the households where the householder is Black or African American increased by $54,344(38.02%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $142,929 in 2013 and $197,273 in 2023.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)
