Princeton, IN Median Household Income By Race

Princeton, IN median household income diversity

Based on our analysis of the distribution of Princeton population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 85.80% of the total residents in Princeton. Notably, the median household income for White households is $54,865.

Interestingly, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $85,412. This reveals that, while Whites may be the most numerous in Princeton, Black or African American 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 Princeton, a diversity of median household incomes is evident among households of different races. The Black or African American households boast the highest median household income at about $85,412. Asian households have a median income of approximately $56,043. White households have a median income of approximately $54,865. Conversely, Some Other Race households reveal the lowest median income at $17,611. These disparities underscore the varied income distribution within the city of Princeton.

Princeton, IN median household income trends across races

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

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

• White: In Princeton, the median household income for the households where the householder is White increased by $5,127(10.31%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $49,738 in 2011 and $54,865 in 2021.
• Black or African American: In Princeton, the median household income for the households where the householder is Black or African American increased by $45,293(112.90%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,119 in 2011 and $85,412 in 2021.
• American Indian and Alaska Native: The U.S. Census Bureau population data for Princeton, 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: In Princeton, there was no reported median household income for Asian households in 2011. However, in 2021, the median household income increased to $56,043(2022 inflation-adjusted dollars), marking a significant change.
• Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Princeton, 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 Princeton, the median household income for the households where the householder is Some other race decreased by $2,756(13.53%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $20,367 in 2011 and $17,611 in 2021.
• 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 2011 and 2021.
• Above analysis reconfirms that there are 4 race households in Princeton. Households are categorized based on the self-identified race of the head of household.

Key observations: Households with Asian householders witnessed significant growth in median household income, marking an impressive increase of $56,043. On the other hand, households where householder is Some other race experienced a notable decline, with a decrease of $2,756 in median income.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Princeton, IN?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with Black or African American householders in Princeton have the highest median household income at $85,412.

How does the median household income vary by race in Princeton, IN?

In Princeton, the median household income In Princeton, a diversity of median household incomes is evident among households of different races. The Black or African American households boast the highest median household income at about $85,412. Asian households have a median income of approximately $56,043. White households have a median income of approximately $54,865. Conversely, Some Other Race households reveal the lowest median income at $17,611. These disparities underscore the varied income distribution within the city of Princeton..

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

Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2017-2021 5-Year Estimates, households headed by individuals identifying as Some Other Race in Princeton exhibit the lowest median household income at $17,611 among the identified racial categories.

What is the median household income for White households in Princeton, IN?

In Princeton, the median household income for the households where the householder is White increased by $5,127(10.31%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $49,738 in 2011 and $54,865 in 2021.

What is the median household income for Black or African American households in Princeton, IN?

In Princeton, the median household income for the households where the householder is Black or African American increased by $45,293(112.90%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,119 in 2011 and $85,412 in 2021.

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