Shannon Hills, AR median household income diversity
Based on our analysis of the distribution of Shannon Hills population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 51.25% of the total residents in Shannon Hills. Notably, the median household income for White households is $74,385.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $74,385.
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 Shannon Hills, we observe that White households report a median income of about $74,385, while Black or African American households earn around $71,054. These differences shed light on the income distribution within the city of Shannon Hills.
Shannon Hills, AR median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Shannon Hills, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Shannon Hills.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Shannon Hills, the median household income for the households where the householder is White decreased by $1,164(1.54%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $75,549 in 2011 and $74,385 in 2021.
- Black or African American: In Shannon Hills, the median household income for the households where the householder is Black or African American increased by $34,376(93.72%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $36,678 in 2011 and $71,054 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 Shannon Hills, 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 Shannon Hills, 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 2011 and 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 2 race households in Shannon Hills. Households are categorized based on the self-identified race of the head of household.
Shannon Hills 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 | $69,112 | $75,549 | $74,810 | $68,167 | $67,237 | $66,084 | $68,218 | $67,408 | $69,539 | $83,331 | $78,093 | $74,385 | N/A |
| Black or African American | $67,223 | $36,678 | $77,762 | $52,834 | $65,111 | $74,051 | $76,002 | $73,628 | $93,817 | $79,397 | $75,210 | $71,054 | N/A |
| Asian | $113,002 | $77,909 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Some Other Race | N/A | N/A | $235,206 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Two or More Races | $77,782 | N/A | $24,335 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Key observations: Households with Black or African American householders witnessed significant growth in median household income, marking an impressive increase of $34,376. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $77,909 in median income.