Royal Lakes, IL median household income diversity
Based on our analysis of the distribution of Royal Lakes population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 73.77% of the total residents in Royal Lakes. Notably, the median household income for Black or African American households is $13,437.
Interestingly, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $54,946. This reveals that, while Black or African Americans may be the most numerous in Royal Lakes, White 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).
As we explore median household incomes in Royal Lakes, we observe that White households report a median income of about $54,946, while Black or African American households earn around $13,437. These differences shed light on the income distribution within the village of Royal Lakes.
Royal Lakes, IL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Royal Lakes, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of Royal Lakes.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Royal Lakes, the median household income for the households where the householder is White decreased by $32,226(36.97%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $87,172 in 2011 and $54,946 in 2021.
- Black or African American: In Royal Lakes, the median household income for the households where the householder is Black or African American decreased by $21,377(61.40%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $34,814 in 2011 and $13,437 in 2021.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Royal Lakes, 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: Even though there is a population where the householder is Asian, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Royal Lakes, 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: According to U.S. Census Bureau population data for Royal Lakes, Some other race-led households are absent, rendering the median household income for the Some other race population inconclusive.
- Two or more races (multiracial): In the demographic landscape of Royal Lakes, revealed by the U.S. Census Bureau population data, there are no households led by multiracial householders. Consequently, the median household income for the multiracial population remains unspecified.
- Above analysis reconfirms that there are 2 race households in Royal Lakes. Households are categorized based on the self-identified race of the head of household.
Royal Lakes 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 | $87,282 | $87,172 | $62,439 | $77,279 | $58,948 | $45,684 | $53,509 | $55,390 | $44,814 | $57,411 | $54,532 | $54,946 | N/A |
| Black or African American | $37,105 | $34,814 | $38,278 | $45,008 | $35,679 | $50,072 | $35,163 | $36,303 | $28,678 | $27,886 | $20,216 | $13,437 | N/A |
| American Indian and Alaska Native | N/A | N/A | N/A | N/A | N/A | N/A | $49,534 | $48,404 | $50,562 | $49,696 | N/A | N/A | N/A |
| Two or More Races | $34,998 | N/A | $32,421 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Key observations: X Households where householder is White experienced a notable decline, with a decrease of $32,226 in median income. No racial category of householders experienced an increase in median household income; instead, declines were observed across the various demographics, signaling a uniform trend of decreasing incomes among households.