Morgan County, IN median household income diversity
Based on our analysis of the distribution of Morgan County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 95.90% of the total residents in Morgan County. Notably, the median household income for White households is $75,721.
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 $102,755. This reveals that, while Whites may be the most numerous in Morgan County, 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.
As we explore median household incomes in Morgan County, we observe that Two or More Races households report a median income of about $102,755, Asian households report a median income of about $75,734 and White households earn roughly $75,721. These differences shed light on the income distribution within the county of Morgan County.
Morgan County, IN median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Morgan County, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Morgan County.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Morgan County, the median household income for the households where the householder is White increased by $10,851(16.73%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $64,870 in 2012 and $75,721 in 2022.
- Black or African American: Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- 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 2012 and 2022.
- Asian: In Morgan County, the median household income for the households where the householder is Asian decreased by $20,970(21.68%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $96,704 in 2012 and $75,734 in 2022.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Morgan County, 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: 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 2012 and 2022.
- Two or more races (multiracial): In Morgan County, the median household income for the households where the householder is multiracial increased by $49,146(91.67%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $53,609 in 2012 and $102,755 in 2022.
- Above analysis reconfirms that there are 3 race households in Morgan County. Households are categorized based on the self-identified race of the head of household.
Morgan 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 | $71,729 | $68,551 | $64,870 | $72,949 | $65,826 | $72,909 | $74,555 | $73,191 | $81,053 | $72,308 | N/A | $74,882 | $75,721 |
| Asian | N/A | N/A | $96,704 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $75,734 |
| Two or More Races | N/A | $50,789 | $53,609 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $102,755 |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $49,146. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $20,970 in median income.