Median Household Income by Racial Categories in Parma Township, Michigan , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Parma township, 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 | $72,333 |
| American Indian and Alaska Native | $62,083 |
TABLE OF CONTENTS
Parma Township, Michigan median household income diversity
Based on our analysis of the distribution of Parma township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 92.47% of the total residents in Parma township. Notably, the median household income for White households is $72,333.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $72,333.
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 Parma township, we observe that White households report a median income of about $72,333, while American Indian and Alaska Native households earn around $62,083. These differences shed light on the income distribution within the township of Parma township.
Parma Township, Michigan median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Parma township, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the township of Parma township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Parma township, the median household income for the households where the householder is White increased by $8,927(14.08%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $63,406 in 2013 and $72,333 in 2023.
- Black or African American: In Parma township, the median household income for Black or African American households was $66,508 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
- American Indian and Alaska Native: In Parma township, 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 $62,083, marking a significant change.
- 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 Parma township, 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): 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 2013 and 2023.
- Above analysis reconfirms that there are 2 race households in Parma township. Households are categorized based on the self-identified race of the head of household.
Parma township 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 | $67,045 | $66,099 | $61,144 | $63,406 | $58,931 | $60,020 | $64,170 | $72,327 | $77,974 | $81,046 | $80,856 | $80,576 | $77,975 | $72,333 |
| Black or African American | N/A | N/A | N/A | $66,508 | $23,594 | $3,224 | $3,183 | $3,116 | N/A | N/A | N/A | N/A | N/A | N/A |
| American Indian and Alaska Native | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $83,517 | $62,083 |
| Two or More Races | N/A | N/A | $29,006 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Parma Township, Michigan?
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 Parma township have the highest median household income at $72,333.
How does the median household income vary by race in Parma Township, Michigan?
In Parma township, the median household income As we explore median household incomes in Parma township, we observe that White households report a median income of about $72,333, while American Indian and Alaska Native households earn around $62,083. These differences shed light on the income distribution within the township of Parma township..
Which racial group has the lowest median household income according to the Census Bureau in Parma Township, Michigan?
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 American Indian and Alaska Native in Parma township exhibit the lowest median household income at $62,083 among the identified racial categories.
What is the median household income for White households in Parma Township, Michigan?
In Parma township, the median household income for the households where the householder is White increased by $8,927(14.08%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $63,406 in 2013 and $72,333 in 2023.
What is the median household income for Black or African American households in Parma Township, Michigan?
In Parma township, the median household income for Black or African American households was $66,508 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
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)
