Median Household Income by Racial Categories in Princeton, KY , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Princeton, 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 | $52,685 |
TABLE OF CONTENTS
Princeton, KY 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 85.34% of the total residents in Princeton. Notably, the median household income for White households is $52,685.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $52,685.
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).
When examining median household incomes in Princeton, it becomes apparent that, given the non-diverse population, the income distribution is also non-diverse.
Princeton, KY 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 $14,915(39.49%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $37,770 in 2013 and $52,685 in 2023.
- Black or African American: In Princeton, the median household income for Black or African American households was $30,828 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: 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, based on U.S. Census Bureau population data, households with Asian householders are non existent. Therefore, the median household income for the Asian population cannot be determined.
- 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: 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 1 race households in Princeton. Households are categorized based on the self-identified race of the head of household.
Princeton 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 | $39,338 | $37,868 | $47,619 | $37,770 | $48,251 | $49,651 | $50,712 | $57,025 | $57,688 | $52,089 | $56,321 | $52,758 | $47,809 | $52,685 |
| Black or African American | $18,649 | $13,117 | $22,338 | $30,828 | $46,603 | $46,975 | $49,962 | $40,639 | $52,320 | $27,524 | $31,066 | N/A | N/A | N/A |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Princeton, KY?
For Princeton, households headed by individuals identifying as White display both the highest and lowest median household income among the identified racial categories according to the U.S. Census Bureau and the American Community Survey 2019-2023 5-Year Estimates, at $52,685.
How does the median household income vary by race in Princeton, KY?
In Princeton, the median household income When examining median household incomes in Princeton, it becomes apparent that, given the non-diverse population, the income distribution is also non-diverse..
Which racial group has the lowest median household income according to the Census Bureau in Princeton, KY?
In Princeton the sole racial category, White, represents both the highest and lowest median household income levels among the identified racial groups, based on data from the U.S. Census Bureau and the American Community Survey 2019-2023 5-Year Estimates, at $52,685.
What is the median household income for White households in Princeton, KY?
In Princeton, the median household income for the households where the householder is White increased by $14,915(39.49%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $37,770 in 2013 and $52,685 in 2023.
What is the median household income for Black or African American households in Princeton, KY?
In Princeton, the median household income for Black or African American households was $30,828 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)
