Murray, KY median household income diversity
Based on our analysis of the distribution of Murray population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 85.56% of the total residents in Murray. Notably, the median household income for White households is $39,535.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $39,535.
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 Murray, we observe that White households report a median income of about $39,535, while Black or African American households earn around $34,249. These differences shed light on the income distribution within the city of Murray.
Murray, KY median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Murray, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Murray.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Murray, the median household income for the households where the householder is White decreased by $2,425(5.78%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $41,960 in 2011 and $39,535 in 2021.
- Black or African American: In Murray, the median household income for the households where the householder is Black or African American decreased by $1,350(3.79%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $35,599 in 2011 and $34,249 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: In Murray, the median household income for Asian households was $3,268 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, 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 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 Murray. Households are categorized based on the self-identified race of the head of household.
Murray 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 | $44,068 | $41,960 | $42,609 | $40,383 | $40,489 | $35,528 | $33,121 | $38,158 | $38,221 | $39,231 | $39,280 | $39,535 | N/A |
| Black or African American | $31,539 | $35,599 | $37,037 | $34,519 | $37,390 | $35,979 | $29,954 | $24,334 | $23,842 | $23,365 | $23,396 | $34,249 | N/A |
| American Indian and Alaska Native | N/A | N/A | $82,241 | $79,520 | $3,101 | $3,096 | N/A | $2,993 | $2,921 | N/A | N/A | N/A | N/A |
| Asian | $61,605 | $3,268 | $5,782 | $6,245 | $3,101 | $3,096 | N/A | N/A | $60,888 | $92,249 | $94,376 | N/A | N/A |
| Native Hawaiian and Other Pacific Islander | $3,372 | N/A | $3,201 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Two or More Races | $108,293 | N/A | $12,381 | $12,431 | $10,947 | $11,522 | $12,157 | $16,328 | $2,921 | $2,869 | N/A | N/A | N/A |
Key observations: X Households where householder is Asian experienced a notable decline, with a decrease of $3,268 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.