Otsego County, MI median household income diversity
Based on our analysis of the distribution of Otsego County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 95.04% of the total residents in Otsego County. Notably, the median household income for White households is $63,934.
Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $179,078. This reveals that, while Whites may be the most numerous in Otsego County, Asian 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 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
As we explore median household incomes in Otsego County, we observe that Asian households report a median income of about $179,078, Two or More Races households report a median income of about $97,906 and White households earn roughly $63,934. These differences shed light on the income distribution within the county of Otsego County.
Otsego County, MI median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Otsego County, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Otsego County.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Otsego County, the median household income for the households where the householder is White increased by $3,200(5.27%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $60,734 in 2011 and $63,934 in 2021.
- 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 2011 and 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 Otsego County, there was no reported median household income for Asian households in 2011. However, in 2021, the median household income increased to $179,078(2022 inflation-adjusted dollars), marking a significant change.
- 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: In Otsego County, the median household income for Some other race households was $54,780 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- Two or more races (multiracial): In Otsego County, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $97,906(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 3 race households in Otsego County. Households are categorized based on the self-identified race of the head of household.
Otsego County 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 | $61,322 | $60,734 | $60,637 | $60,309 | $59,369 | $60,928 | $62,091 | $60,770 | $60,998 | $61,914 | $62,711 | $63,934 | N/A |
| American Indian and Alaska Native | $92,763 | N/A | $72,045 | $25,113 | $24,174 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asian | N/A | N/A | $90,456 | $89,502 | $91,059 | N/A | N/A | $181,036 | $179,646 | $131,327 | $129,299 | $179,078 | N/A |
| Some Other Race | N/A | $54,780 | $53,394 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Two or More Races | $61,392 | N/A | $52,673 | $54,498 | $53,932 | $53,040 | $71,503 | N/A | $92,356 | $88,104 | $93,131 | $97,906 | N/A |
Key observations: Households with Asian householders witnessed significant growth in median household income, marking an impressive increase of $179,078. On the other hand, households where householder is Some other race experienced a notable decline, with a decrease of $54,780 in median income.