Rapid City, SD median household income diversity
Based on our analysis of the distribution of Rapid City population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 78.83% of the total residents in Rapid City. Notably, the median household income for White households is $64,071.
Interestingly, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $64,895. This reveals that, while Whites may be the most numerous in Rapid City, Two or More Races 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.
As we explore median household incomes in Rapid City, we observe that Two or More Races households report a median income of about $64,895, White households report a median income of about $64,071 and American Indian and Alaska Native households earn roughly $18,623. These differences shed light on the income distribution within the city of Rapid City.
Rapid City, SD median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Rapid City, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Rapid City.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Rapid City, the median household income for the households where the householder is White increased by $3,616(5.98%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $60,455 in 2012 and $64,071 in 2022.
- Black or African American: In Rapid City, the median household income for Black or African American households was $52,826 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
- American Indian and Alaska Native: In Rapid City, the median household income for the households where the householder is American Indian and Alaska Native increased by $1,891(11.30%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $16,732 in 2012 and $18,623 in 2022.
- Asian: In Rapid City, the median household income for Asian households was $61,870 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
- Native Hawaiian and Other Pacific Islander: Even though there is a population where the householder is Native Hawaiian and Other Pacific Islander, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- 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 2012 and 2022.
- Two or more races (multiracial): In Rapid City, the median household income for the households where the householder is multiracial increased by $19,947(44.38%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $44,948 in 2012 and $64,895 in 2022.
- Above analysis reconfirms that there are 3 race households in Rapid City. Households are categorized based on the self-identified race of the head of household.
Rapid City median household income by race betwen 2012 and 2022
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 2012 to 2022, 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $59,874 | $65,235 | $60,455 | $63,012 | $56,224 | $63,366 | $62,911 | $65,240 | $65,211 | $59,977 | N/A | $69,009 | $64,071 |
| Black or African American | $91,304 | N/A | $52,826 | N/A | N/A | N/A | N/A | N/A | N/A | $78,017 | N/A | $41,526 | N/A |
| American Indian and Alaska Native | $21,900 | $20,399 | $16,732 | $21,284 | $27,572 | $38,622 | $11,527 | $12,545 | $32,372 | $26,205 | N/A | N/A | $18,623 |
| Asian | N/A | $3,268 | $61,870 | N/A | N/A | N/A | $62,682 | N/A | N/A | N/A | N/A | N/A | N/A |
| Some Other Race | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $30,644 | N/A |
| Two or More Races | $25,504 | $44,608 | $44,948 | $49,067 | $67,595 | $67,607 | $33,900 | N/A | $48,931 | $70,024 | N/A | $54,662 | $64,895 |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $19,947. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $61,870 in median income.