Siler City, NC median household income diversity
Based on our analysis of the distribution of Siler City population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 45.38% of the total residents in Siler City. Notably, the median household income for White households is $47,158.
Interestingly, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $48,729. This reveals that, while Whites may be the most numerous in Siler City, Some Other Race 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 Siler City, we observe that Some Other Race households report a median income of about $48,729, White households report a median income of about $47,158 and Black or African American households earn roughly $26,376. These differences shed light on the income distribution within the town of Siler City.
Siler City, NC median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Siler City, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the town of Siler City.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Siler City, the median household income for the households where the householder is White increased by $3,312(7.55%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $43,846 in 2011 and $47,158 in 2021.
- Black or African American: In Siler City, the median household income for the households where the householder is Black or African American decreased by $6,041(18.64%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $32,417 in 2011 and $26,376 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: 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 Siler City, 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: In Siler City, the median household income for the households where the householder is Some other race decreased by $5,330(9.86%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $54,059 in 2011 and $48,729 in 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 3 race households in Siler City. Households are categorized based on the self-identified race of the head of household.
Siler City 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 | $42,289 | $43,846 | $43,849 | $36,519 | $37,748 | $39,404 | $39,034 | $37,936 | $46,162 | $47,786 | $48,675 | $47,158 | N/A |
| Black or African American | $24,962 | $32,417 | $34,037 | $32,959 | $33,562 | $32,011 | $28,750 | $31,102 | $30,295 | $31,515 | $27,056 | $26,376 | N/A |
| Some Other Race | $46,685 | $54,059 | $74,535 | $63,631 | $53,747 | $41,335 | $38,008 | $31,812 | $28,648 | $40,547 | $50,902 | $48,729 | N/A |
| Two or More Races | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $15,876 | $15,587 | $15,836 | N/A | N/A | N/A |
Key observations: Households with White householders witnessed significant growth in median household income, marking an impressive increase of $3,312. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $6,041 in median income.