Park Forest, IL Median Household Income By Race

Park Forest, IL median household income diversity

Based on our analysis of the distribution of Park Forest population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 69.76% of the total residents in Park Forest. Notably, the median household income for Black or African American households is $60,778.

Interestingly, despite the Black or African American 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 $107,171. This reveals that, while Black or African Americans may be the most numerous in Park Forest, 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 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).

In Park Forest, 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 $107,171. White households have a median income of approximately $73,856. Black or African American households have a median income of approximately $60,778. Two or More Races households have a median income of approximately $57,891. Conversly, Some Other Race households reveal the lowest median income at $45,924. These disparities underscore the varied income distribution within the village of Park Forest.

Park Forest, IL median household income trends across races

A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Park Forest, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of Park Forest.

Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:

• White: In Park Forest, the median household income for the households where the householder is White increased by $5,230(7.62%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $68,626 in 2013 and $73,856 in 2023.
• Black or African American: In Park Forest, the median household income for the households where the householder is Black or African American increased by $2,450(4.20%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $58,328 in 2013 and $60,778 in 2023.
• American Indian and Alaska Native: In Park Forest, there was no reported median household income for American Indian and Alaska Native households in 2013. However, in 2023, the median household income increased to $107,171, marking a significant change.
• Asian: In Park Forest, the median household income for Asian households was $84,330 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: 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 2013 and 2023.
• Some other race: In Park Forest, the median household income for the households where the householder is Some other race decreased by $7,749(14.44%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $53,673 in 2013 and $45,924 in 2023.
• Two or more races (multiracial): In Park Forest, the median household income for the households where the householder is multiracial decreased by $19,001(24.71%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $76,892 in 2013 and $57,891 in 2023.
• Above analysis reconfirms that there are 5 race households in Park Forest. Households are categorized based on the self-identified race of the head of household.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Park Forest, IL?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with American Indian and Alaska Native householders in Park Forest have the highest median household income at $107,171.

How does the median household income vary by race in Park Forest, IL?

In Park Forest, the median household income In Park Forest, 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 $107,171. White households have a median income of approximately $73,856. Black or African American households have a median income of approximately $60,778. Two or More Races households have a median income of approximately $57,891. Conversly, Some Other Race households reveal the lowest median income at $45,924. These disparities underscore the varied income distribution within the village of Park Forest..

Which racial group has the lowest median household income according to the Census Bureau in Park Forest, IL?

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 Some Other Race in Park Forest exhibit the lowest median household income at $45,924 among the identified racial categories.

What is the median household income for White households in Park Forest, IL?

In Park Forest, the median household income for the households where the householder is White increased by $5,230(7.62%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $68,626 in 2013 and $73,856 in 2023.

What is the median household income for Black or African American households in Park Forest, IL?

In Park Forest, the median household income for the households where the householder is Black or African American increased by $2,450(4.20%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $58,328 in 2013 and $60,778 in 2023.

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