Palo Pinto County, TX median household income diversity
Based on our analysis of the distribution of Palo Pinto County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 87.93% of the total residents in Palo Pinto County. Notably, the median household income for White households is $66,242.
Interestingly, despite the White population being the most populous, it is worth noting that American Indian and Alaska Native households actually reports the highest median household income, with a median income of $95,931. This reveals that, while Whites may be the most numerous in Palo Pinto County, American Indian and Alaska Native 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).
In Palo Pinto County, a diversity of median household incomes is evident among households of different races. The American Indian and Alaska Native households boast the highest median household income at about $95,931. Asian households have a median income of approximately $92,949. White households have a median income of approximately $66,242. Conversely, Two or More Races households reveal the lowest median income at $62,389. These disparities underscore the varied income distribution within the county of Palo Pinto County.
Palo Pinto County, TX median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Palo Pinto County, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Palo Pinto County.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Palo Pinto County, the median household income for the households where the householder is White increased by $11,954(22.02%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $54,288 in 2011 and $66,242 in 2021.
- Black or African American: In Palo Pinto County, the median household income for Black or African American households was $45,765 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: In Palo Pinto County, there was no reported median household income for American Indian and Alaska Native households in 2011. However, in 2021, the median household income increased to $95,931(2022 inflation-adjusted dollars), marking a significant change.
- Asian: In Palo Pinto County, the median household income for the households where the householder is Asian increased by $59,878(181.06%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $33,071 in 2011 and $92,949 in 2021.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Palo Pinto County, 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 Palo Pinto County, the median household income for Some other race households was $41,257 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 Palo Pinto County, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $62,389(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 4 race households in Palo Pinto County. Households are categorized based on the self-identified race of the head of household.
Palo Pinto 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 | $56,853 | $54,288 | $56,379 | $53,736 | $52,573 | $50,155 | $54,077 | $55,694 | $56,088 | $58,859 | $63,550 | $66,242 | N/A |
| Black or African American | $35,900 | $45,765 | $46,138 | $51,471 | $45,504 | $49,788 | $30,358 | $27,944 | $25,265 | N/A | $56,314 | N/A | N/A |
| American Indian and Alaska Native | $29,205 | N/A | $28,818 | $29,001 | $53,364 | N/A | N/A | $90,975 | N/A | N/A | N/A | $95,931 | N/A |
| Asian | $30,618 | $33,071 | $32,621 | $35,928 | $48,422 | N/A | N/A | N/A | $48,085 | $92,488 | $91,694 | $92,949 | N/A |
| Some Other Race | $39,002 | $41,257 | $46,429 | $43,392 | $40,562 | $37,859 | $32,909 | $36,827 | N/A | $18,588 | N/A | N/A | N/A |
| Two or More Races | $57,555 | N/A | $57,836 | $46,131 | $48,532 | $41,998 | $41,363 | $41,031 | $67,267 | N/A | $63,831 | $62,389 | N/A |
Key observations: Households with American Indian and Alaska Native householders witnessed significant growth in median household income, marking an impressive increase of $95,931. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $45,765 in median income.