Munford, AL median household income diversity
Based on our analysis of the distribution of Munford population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 67.19% of the total residents in Munford. Notably, the median household income for White households is $53,274.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $53,274.
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 Munford, we observe that White households report a median income of about $53,274, while Black or African American households earn around $25,824. These differences shed light on the income distribution within the town of Munford.
Munford, AL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Munford, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Munford.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Munford, the median household income for the households where the householder is White decreased by $12,832(19.41%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,106 in 2011 and $53,274 in 2021.
- Black or African American: In Munford, the median household income for the households where the householder is Black or African American decreased by $25,532(49.72%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $51,356 in 2011 and $25,824 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: 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 2011 and 2021.
- 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 2011 and 2021.
- Two or more races (multiracial): Even though there is a population where the householder is multiracial, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Above analysis reconfirms that there are 2 race households in Munford. Households are categorized based on the self-identified race of the head of household.
Munford 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 | $69,713 | $66,106 | $46,963 | $50,643 | $51,044 | $44,909 | $45,355 | $45,659 | $53,839 | $52,387 | $50,991 | $53,274 | N/A |
| Black or African American | $49,805 | $51,356 | $49,897 | $50,863 | $32,577 | N/A | $62,682 | N/A | N/A | $24,361 | N/A | $25,824 | N/A |
Key observations: X Households where householder is Black or African American experienced a notable decline, with a decrease of $25,532 in median income. No racial category of householders experienced an increase in median household income; instead, declines were observed across the various demographics, signaling a uniform trend of decreasing incomes among households.