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 69.71% of the total residents in Park Forest. Notably, the median household income for Black or African American households is $63,880.
Interestingly, despite the Black or African American population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $65,665. This reveals that, while Black or African Americans may be the most numerous in Park Forest, Two or More Races 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 Park Forest, a diversity of median household incomes is evident among households of different races. The Two or More Races households boast the highest median household income at about $65,665. Black or African American households have a median income of approximately $63,880. White households have a median income of approximately $63,468. Conversely, Some Other Race households reveal the lowest median income at $44,771. 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 decreased by $3,773(5.61%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $67,241 in 2011 and $63,468 in 2021.
- Black or African American: In Park Forest, the median household income for the households where the householder is Black or African American increased by $5,782(9.95%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $58,098 in 2011 and $63,880 in 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 Park Forest, the median household income for Asian households was $111,207 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, 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 Park Forest, 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 Park Forest, the median household income for the households where the householder is Some other race decreased by $8,349(15.72%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,120 in 2011 and $44,771 in 2021.
- Two or more races (multiracial): In Park Forest, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $65,665(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 4 race households in Park Forest. Households are categorized based on the self-identified race of the head of household.
Park Forest 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 | $67,662 | $67,241 | $65,032 | $65,907 | $68,406 | $68,787 | $65,692 | $66,581 | $65,783 | $65,926 | $62,870 | $63,468 | N/A |
| Black or African American | $62,248 | $58,098 | $54,812 | $56,017 | $54,262 | $49,889 | $51,880 | $60,027 | $59,802 | $61,891 | $64,631 | $63,880 | N/A |
| Asian | $111,990 | $111,207 | $104,065 | $80,990 | $75,578 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Some Other Race | $111,990 | $53,120 | $53,002 | $51,547 | $44,211 | $40,780 | $30,577 | $41,916 | $41,080 | $42,341 | $42,378 | $44,771 | N/A |
| Two or More Races | $85,293 | N/A | $76,335 | $73,846 | $71,487 | $51,744 | $49,093 | $48,625 | N/A | $66,062 | $67,077 | $65,665 | N/A |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $65,665. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $111,207 in median income.