Peabody, MA Median Household Income By Race

Peabody, MA median household income diversity

Based on our analysis of the distribution of Peabody population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 79.94% of the total residents in Peabody. Notably, the median household income for White households is $97,308.

Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $138,292. This reveals that, while Whites may be the most numerous in Peabody, Asian 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 Peabody, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $138,292. White households have a median income of approximately $97,308. Black or African American households have a median income of approximately $77,614. Some Other Race households have a median income of approximately $73,233. Conversly, Two or More Races households reveal the lowest median income at $64,767. These disparities underscore the varied income distribution within the city of Peabody.

Peabody, MA median household income trends across races

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

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

• White: In Peabody, the median household income for the households where the householder is White increased by $10,202(11.71%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $87,106 in 2013 and $97,308 in 2023.
• Black or African American: In Peabody, the median household income for the households where the householder is Black or African American decreased by $22,559(22.52%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $100,173 in 2013 and $77,614 in 2023.
• 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 2013 and 2023.
• Asian: In Peabody, the median household income for the households where the householder is Asian increased by $39,255(39.64%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $99,037 in 2013 and $138,292 in 2023.
• Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Peabody, 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 Peabody, the median household income for the households where the householder is Some other race increased by $21,073(40.40%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $52,160 in 2013 and $73,233 in 2023.
• Two or more races (multiracial): In Peabody, the median household income for the households where the householder is multiracial decreased by $33,375(34.01%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $98,142 in 2013 and $64,767 in 2023.
• Above analysis reconfirms that there are 5 race households in Peabody. 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 Peabody, MA?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Asian householders in Peabody have the highest median household income at $138,292.

How does the median household income vary by race in Peabody, MA?

In Peabody, the median household income In Peabody, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $138,292. White households have a median income of approximately $97,308. Black or African American households have a median income of approximately $77,614. Some Other Race households have a median income of approximately $73,233. Conversly, Two or More Races households reveal the lowest median income at $64,767. These disparities underscore the varied income distribution within the city of Peabody..

Which racial group has the lowest median household income according to the Census Bureau in Peabody, MA?

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 Peabody exhibit the lowest median household income at $64,767 among the identified racial categories.

What is the median household income for White households in Peabody, MA?

In Peabody, the median household income for the households where the householder is White increased by $10,202(11.71%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $87,106 in 2013 and $97,308 in 2023.

What is the median household income for Black or African American households in Peabody, MA?

In Peabody, the median household income for the households where the householder is Black or African American decreased by $22,559(22.52%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $100,173 in 2013 and $77,614 in 2023.

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