Median Household Income by Racial Categories in Owego Town, New York (2021, in 2022 inflation-adjusted dollars)
This table presents the median household income across different racial categories in Owego town, 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 | $82,057 |
Asian | $73,772 |
TABLE OF CONTENTS
Owego Town, New York median household income diversity
Based on our analysis of the distribution of Owego town population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 95.74% of the total residents in Owego town. Notably, the median household income for White households is $82,057.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $82,057.
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).
![Owego Town, New York median household income diversity across racial categories The bar chart shows Owego Town, New York median household income across all racial categories identified 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).](https://i.neilsberg.com/ch/owego-town-ny-median-household-income-by-race.jpeg)
As we explore median household incomes in Owego town, we observe that White households report a median income of about $82,057, while Asian households earn around $73,772. These differences shed light on the income distribution within the town of Owego town.
Owego Town, New York median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Owego town, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Owego town.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Owego town, the median household income for the households where the householder is White decreased by $2,470(2.92%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $84,527 in 2011 and $82,057 in 2021.
- Black or African American: In Owego town, the median household income for Black or African American households was $87,898 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, 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 2011 and 2021.
- Asian: In Owego town, the median household income for the households where the householder is Asian decreased by $55,351(42.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $129,123 in 2011 and $73,772 in 2021.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Owego town, 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 Owego town, the median household income for Some other race households was $326,895 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): 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 Owego town. Households are categorized based on the self-identified race of the head of household.
![Owego Town, New York median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars) Line chart showing Owego Town, New York median household income trends for all racial categories identified by the U.S. Census Bureau. The chart illustrates income trends between 2011 and 2021, with incomes values adjusted for inflation using 2022 Consumer Price Index retroactive series using current methods. It provides insights into income disparities and variations across racial categories, aiding in data analysis and decision-making.](https://i.neilsberg.com/ch/owego-town-ny-median-household-income-by-race-trends.jpeg)
Owego town 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 | $83,368 | $84,527 | $86,406 | $85,693 | $86,835 | $87,446 | $86,509 | $83,914 | $85,193 | $82,602 | $80,911 | $82,057 | N/A |
Black or African American | $89,934 | $87,898 | $67,135 | N/A | $71,513 | $84,012 | $68,798 | $110,910 | $112,116 | $111,159 | $159,392 | N/A | N/A |
American Indian and Alaska Native | $80,267 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Asian | $103,955 | $129,123 | $156,363 | $164,096 | $161,745 | N/A | $43,725 | $44,724 | $43,138 | $42,341 | $46,081 | $73,772 | N/A |
Some Other Race | $93,990 | $326,895 | $208,129 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Two or More Races | $104,992 | N/A | $40,559 | $74,125 | $32,815 | $3,096 | N/A | N/A | $60,654 | $210,160 | N/A | N/A | N/A |
Key observations: X Households where householder is Some other race experienced a notable decline, with a decrease of $326,895 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.
Things to know
Which racial group has the highest median household income according to the Census Bureau in Owego Town, New York?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with White householders in Owego town have the highest median household income at $82,057.
How does the median household income vary by race in Owego Town, New York?
In Owego town, the median household income As we explore median household incomes in Owego town, we observe that White households report a median income of about $82,057, while Asian households earn around $73,772. These differences shed light on the income distribution within the town of Owego town..
Which racial group has the lowest median household income according to the Census Bureau in Owego Town, New York?
Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2017-2021 5-Year Estimates, households headed by individuals identifying as Asian in Owego town exhibit the lowest median household income at $73,772 among the identified racial categories.
What is the median household income for White households in Owego Town, New York?
In Owego town, the median household income for the households where the householder is White decreased by $2,470(2.92%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $84,527 in 2011 and $82,057 in 2021.
What is the median household income for Black or African American households in Owego Town, New York?
In Owego town, the median household income for Black or African American households was $87,898 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)