Median Household Income by Racial Categories in Parkman, Maine , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Parkman 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 | $63,625 |
| Two or More Races | $25,948 |
TABLE OF CONTENTS
Parkman, Maine median household income diversity
Based on our analysis of the distribution of Parkman town population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 84.62% of the total residents in Parkman town. Notably, the median household income for White households is $63,625.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $63,625.
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).
As we explore median household incomes in Parkman town, we observe that White households report a median income of about $63,625, while Two or More Races households earn around $25,948. These differences shed light on the income distribution within the town of Parkman town.
Parkman, Maine median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Parkman town, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Parkman town.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Parkman town, the median household income for the households where the householder is White increased by $18,767(41.84%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $44,858 in 2013 and $63,625 in 2023.
- Black or African American: As per the U.S. Census Bureau population data, in Parkman town, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Parkman town, indicates a lack of households led by American Indian and Alaska Native individuals. As a result, the median household income for the American Indian and Alaska Native population is not available.
- Asian: Even though there is a population where the householder is Asian, there was no median household income reported by the U.S. Census Bureau for both 2013 and 2023.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Parkman 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: Even though there is a population where the householder is Some other race, there was no median household income reported by the U.S. Census Bureau for both 2013 and 2023.
- Two or more races (multiracial): In Parkman town, the median household income for the households where the householder is multiracial increased by $13,016(100.65%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $12,932 in 2013 and $25,948 in 2023.
- Above analysis reconfirms that there are 2 race households in Parkman town. Households are categorized based on the self-identified race of the head of household.
Parkman town median household income by race betwen 2013 and 2023
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 2013 to 2023, 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 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $44,383 | $44,760 | $45,473 | $44,858 | $43,006 | $50,166 | $46,430 | $50,227 | $47,423 | $49,263 | $44,541 | $49,090 | $49,894 | $63,625 |
| Two or More Races | N/A | N/A | $12,920 | $12,932 | $32,507 | N/A | $33,658 | N/A | N/A | N/A | N/A | $26,781 | $26,682 | $25,948 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Parkman, Maine?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with White householders in Parkman town have the highest median household income at $63,625.
How does the median household income vary by race in Parkman, Maine?
In Parkman town, the median household income As we explore median household incomes in Parkman town, we observe that White households report a median income of about $63,625, while Two or More Races households earn around $25,948. These differences shed light on the income distribution within the town of Parkman town..
Which racial group has the lowest median household income according to the Census Bureau in Parkman, Maine?
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 Two or More Races in Parkman town exhibit the lowest median household income at $25,948 among the identified racial categories.
What is the median household income for White households in Parkman, Maine?
In Parkman town, the median household income for the households where the householder is White increased by $18,767(41.84%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $44,858 in 2013 and $63,625 in 2023.
What is the median household income for Black or African American households in Parkman, Maine?
As per the U.S. Census Bureau population data, in Parkman town, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)