Median Household Income by Racial Categories in Oakwood, GA , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Oakwood, 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 | $62,974 |
| Some Other Race | $121,017 |
| Two or More Races | $37,332 |
TABLE OF CONTENTS
Oakwood, GA median household income diversity
Based on our analysis of the distribution of Oakwood population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 57.50% of the total residents in Oakwood. Notably, the median household income for White households is $62,974.
Interestingly, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $121,017. This reveals that, while Whites may be the most numerous in Oakwood, Some Other Race 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).
As we explore median household incomes in Oakwood, we observe that Some Other Race households report a median income of about $121,017, White households report a median income of about $62,974 and Two or More Races households earn roughly $37,332. These differences shed light on the income distribution within the city of Oakwood.
Oakwood, GA median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Oakwood, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Oakwood.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Oakwood, the median household income for the households where the householder is White increased by $19,229(43.96%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $43,745 in 2013 and $62,974 in 2023.
- Black or African American: In Oakwood, the median household income for Black or African American households was $49,657 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
- 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 2013 and 2023.
- Asian: In Oakwood, the median household income for Asian households was $50,343 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Oakwood, 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: In Oakwood, there was no reported median household income for Some other race households in 2013. However, in 2023, the median household income increased to $121,017, marking a significant change.
- Two or more races (multiracial): In Oakwood, the median household income for the households where the householder is multiracial decreased by $48,258(56.38%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $85,590 in 2013 and $37,332 in 2023.
- Above analysis reconfirms that there are 3 race households in Oakwood. Households are categorized based on the self-identified race of the head of household.
Oakwood 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 | $61,795 | $48,554 | $44,485 | $43,745 | $47,359 | $55,792 | $55,577 | $59,060 | $62,667 | $60,413 | $55,366 | $61,590 | $73,538 | $62,974 |
| Black or African American | $51,463 | $49,392 | $51,725 | $49,657 | $28,462 | $30,560 | $31,103 | $31,435 | $41,617 | $69,742 | $69,086 | $66,123 | N/A | N/A |
| Asian | $50,421 | $48,665 | $49,086 | $50,343 | $49,718 | $49,180 | N/A | N/A | $98,600 | $88,921 | N/A | N/A | N/A | N/A |
| Some Other Race | $30,264 | $29,918 | $28,992 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $52,268 | N/A | $121,017 |
| Two or More Races | N/A | N/A | $87,672 | $85,590 | $85,348 | N/A | $73,662 | N/A | N/A | $36,319 | $35,467 | $43,050 | $37,793 | $37,332 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Oakwood, GA?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Some Other Race householders in Oakwood have the highest median household income at $121,017.
How does the median household income vary by race in Oakwood, GA?
In Oakwood, the median household income As we explore median household incomes in Oakwood, we observe that Some Other Race households report a median income of about $121,017, White households report a median income of about $62,974 and Two or More Races households earn roughly $37,332. These differences shed light on the income distribution within the city of Oakwood..
Which racial group has the lowest median household income according to the Census Bureau in Oakwood, GA?
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 Two or More Races in Oakwood exhibit the lowest median household income at $37,332 among the identified racial categories.
What is the median household income for White households in Oakwood, GA?
In Oakwood, the median household income for the households where the householder is White increased by $19,229(43.96%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $43,745 in 2013 and $62,974 in 2023.
What is the median household income for Black or African American households in Oakwood, GA?
In Oakwood, the median household income for Black or African American households was $49,657 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
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)
