Median Household Income by Racial Categories in Round Lake Beach, IL (2021, in 2022 inflation-adjusted dollars)
This table presents the median household income across different racial categories in Round Lake Beach, 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 | $90,603 |
Black or African American | $78,980 |
Asian | $119,399 |
Some Other Race | $87,617 |
Two or More Races | $59,276 |
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Round Lake Beach, IL median household income diversity
Based on our analysis of the distribution of Round Lake Beach population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 66.83% of the total residents in Round Lake Beach. Notably, the median household income for White households is $90,603.
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 $119,399. This reveals that, while Whites may be the most numerous in Round Lake Beach, 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 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
![Round Lake Beach, IL median household income diversity across racial categories The bar chart shows Round Lake Beach, IL median household income across all racial categories identified 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).](https://i.neilsberg.com/ch/round-lake-beach-il-median-household-income-by-race.jpeg)
In Round Lake Beach, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $119,399. White households have a median income of approximately $90,603. Some Other Race households have a median income of approximately $87,617. Black or African American households have a median income of approximately $78,980. Conversely, Two or More Races households reveal the lowest median income at $59,276. These disparities underscore the varied income distribution within the village of Round Lake Beach.
Round Lake Beach, IL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Round Lake Beach, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of Round Lake Beach.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Round Lake Beach, the median household income for the households where the householder is White increased by $9,933(12.31%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $80,670 in 2011 and $90,603 in 2021.
- Black or African American: In Round Lake Beach, the median household income for the households where the householder is Black or African American increased by $28,311(55.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $50,669 in 2011 and $78,980 in 2021.
- 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 2011 and 2021.
- Asian: In Round Lake Beach, the median household income for the households where the householder is Asian increased by $27,542(29.98%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $91,857 in 2011 and $119,399 in 2021.
- 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 2011 and 2021.
- Some other race: In Round Lake Beach, the median household income for the households where the householder is Some other race increased by $24,336(38.46%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,281 in 2011 and $87,617 in 2021.
- Two or more races (multiracial): In Round Lake Beach, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $59,276(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 5 race households in Round Lake Beach. Households are categorized based on the self-identified race of the head of household.
![Round Lake Beach, IL median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars) Line chart showing Round Lake Beach, IL median household income trends for all racial categories identified by the U.S. Census Bureau. The chart illustrates income trends between 2011 and 2021, with incomes values adjusted for inflation using 2022 Consumer Price Index retroactive series using current methods. It provides insights into income disparities and variations across racial categories, aiding in data analysis and decision-making.](https://i.neilsberg.com/ch/round-lake-beach-il-median-household-income-by-race-trends.jpeg)
Round Lake Beach median household income by race betwen 2011 and 2021
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 2011 to 2021, 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 | $85,589 | $80,670 | $79,676 | $76,011 | $76,819 | $76,738 | $78,126 | $79,704 | $80,840 | $80,679 | $90,396 | $90,603 | N/A |
Black or African American | $55,760 | $50,669 | $37,864 | $65,582 | $64,556 | $49,216 | $66,396 | $79,155 | $60,499 | $57,890 | $79,629 | $78,980 | N/A |
American Indian and Alaska Native | $111,948 | N/A | $112,791 | N/A | N/A | N/A | N/A | N/A | N/A | $65,087 | N/A | N/A | N/A |
Asian | $111,808 | $91,857 | $79,836 | $93,642 | $76,981 | $76,934 | $82,879 | $86,051 | $92,137 | $116,831 | $105,784 | $119,399 | N/A |
Some Other Race | $71,025 | $63,281 | $65,282 | $64,827 | $62,273 | $67,557 | $69,033 | $68,604 | $76,406 | $82,615 | $90,439 | $87,617 | N/A |
Two or More Races | $65,777 | N/A | $62,558 | $60,035 | $27,073 | N/A | N/A | N/A | N/A | N/A | N/A | $59,276 | N/A |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $59,276. Among all racial categories, there was no instance of householders experiencing a decline in median household income, indicating a consistent or upward trend across all household demographics.
Things to know
Which racial group has the highest median household income according to the Census Bureau in Round Lake Beach, IL?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with Asian householders in Round Lake Beach have the highest median household income at $119,399.
How does the median household income vary by race in Round Lake Beach, IL?
In Round Lake Beach, the median household income In Round Lake Beach, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $119,399. White households have a median income of approximately $90,603. Some Other Race households have a median income of approximately $87,617. Black or African American households have a median income of approximately $78,980. Conversely, Two or More Races households reveal the lowest median income at $59,276. These disparities underscore the varied income distribution within the village of Round Lake Beach..
Which racial group has the lowest median household income according to the Census Bureau in Round Lake Beach, IL?
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 Two or More Races in Round Lake Beach exhibit the lowest median household income at $59,276 among the identified racial categories.
What is the median household income for White households in Round Lake Beach, IL?
In Round Lake Beach, the median household income for the households where the householder is White increased by $9,933(12.31%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $80,670 in 2011 and $90,603 in 2021.
What is the median household income for Black or African American households in Round Lake Beach, IL?
In Round Lake Beach, the median household income for the households where the householder is Black or African American increased by $28,311(55.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $50,669 in 2011 and $78,980 in 2021.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)