New York, NY median household income diversity
Based on our analysis of the distribution of New York population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 39.78% of the total residents in New York. Notably, the median household income for White households is $103,727.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $103,727.
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 New York, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $103,727. Asian households have a median income of approximately $82,101. Two or More Races households have a median income of approximately $67,835. American Indian and Alaska Native households have a median income of approximately $62,584. Native Hawaiian and Other Pacific Islander households have a median income of approximately $60,951. Black or African American households have a median income of approximately $58,073. Conversely, Some Other Race households reveal the lowest median income at $50,872. These disparities underscore the varied income distribution within the city of New York.
New York, NY median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in New York, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of New York.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In New York, the median household income for the households where the householder is White increased by $20,931(25.28%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $82,796 in 2012 and $103,727 in 2022.
- Black or African American: In New York, the median household income for the households where the householder is Black or African American increased by $5,686(10.85%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $52,387 in 2012 and $58,073 in 2022.
- American Indian and Alaska Native: In New York, the median household income for the households where the householder is American Indian and Alaska Native increased by $27,629(79.04%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $34,955 in 2012 and $62,584 in 2022.
- Asian: In New York, the median household income for the households where the householder is Asian increased by $15,378(23.05%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $66,723 in 2012 and $82,101 in 2022.
- Native Hawaiian and Other Pacific Islander: In New York, the median household income for the households where the householder is Native Hawaiian and Other Pacific Islander decreased by $144,827(70.38%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $205,778 in 2012 and $60,951 in 2022.
- Some other race: In New York, the median household income for the households where the householder is Some other race increased by $9,899(24.16%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $40,973 in 2012 and $50,872 in 2022.
- Two or more races (multiracial): In New York, the median household income for the households where the householder is multiracial increased by $6,892(11.31%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $60,943 in 2012 and $67,835 in 2022.
- Above analysis reconfirms that there are 7 race households in New York. Households are categorized based on the self-identified race of the head of household.
New York 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 | $80,641 | $81,058 | $82,796 | $84,247 | $88,493 | $89,224 | $92,733 | $97,405 | $97,655 | $104,102 | N/A | $100,992 | $103,727 |
| Black or African American | $53,691 | $50,960 | $52,387 | $51,312 | $50,853 | $52,361 | $56,665 | $53,951 | $56,281 | $58,693 | N/A | $56,420 | $58,073 |
| American Indian and Alaska Native | $48,342 | $40,217 | $34,955 | $44,427 | $52,577 | $47,274 | $50,155 | $56,124 | $41,951 | $48,000 | N/A | $63,164 | $62,584 |
| Asian | $69,754 | $68,619 | $66,723 | $72,966 | $69,098 | $75,281 | $75,276 | $75,032 | $81,925 | $86,368 | N/A | $78,674 | $82,101 |
| Native Hawaiian and Other Pacific Islander | $57,122 | $47,783 | $205,778 | $40,343 | $29,174 | $74,640 | $71,884 | $60,473 | N/A | N/A | N/A | N/A | $60,951 |
| Some Other Race | $46,614 | $42,359 | $40,973 | $40,451 | $41,298 | $41,909 | $44,119 | $46,055 | $47,732 | $51,058 | N/A | $49,803 | $50,872 |
| Two or More Races | $56,266 | $59,186 | $60,943 | $63,380 | $57,675 | $70,800 | $66,371 | $73,020 | $69,657 | $81,360 | N/A | $65,134 | $67,835 |
Key observations: Households with American Indian and Alaska Native householders witnessed significant growth in median household income, marking an impressive increase of $27,629. On the other hand, households where householder is Native Hawaiian and Other Pacific Islander experienced a notable decline, with a decrease of $144,827 in median income.