Median Household Income by Racial Categories in Smithfield, IL (2021, in 2022 inflation-adjusted dollars)
This table presents the median household income across different racial categories in Smithfield, 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 | $57,592 |
TABLE OF CONTENTS
Smithfield, IL median household income diversity
Based on our analysis of the distribution of Smithfield population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 99.43% of the total residents in Smithfield. Notably, the median household income for White households is $57,592.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $57,592.
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).
![Smithfield, IL median household income diversity across racial categories The bar chart shows Smithfield, 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/smithfield-il-median-household-income-by-race.jpeg)
When examining median household incomes in Smithfield, it becomes apparent that, given the non-diverse population, the income distribution is also non-diverse.
Smithfield, IL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Smithfield, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of Smithfield.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Smithfield, the median household income for the households where the householder is White decreased by $4,927(7.88%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $62,519 in 2011 and $57,592 in 2021.
- Black or African American: As per the U.S. Census Bureau population data, in Smithfield, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
- 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 Smithfield, 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 Smithfield, 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 Smithfield, 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 Smithfield, 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 1 race households in Smithfield. Households are categorized based on the self-identified race of the head of household.
![Smithfield, IL median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars) Line chart showing Smithfield, 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/smithfield-il-median-household-income-by-race-trends.jpeg)
Smithfield 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 | $61,561 | $62,519 | $56,995 | $51,256 | $44,469 | $48,006 | $45,559 | $48,653 | $48,467 | $46,216 | $49,575 | $57,592 | N/A |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Smithfield, IL?
For Smithfield, households headed by individuals identifying as White display both the highest and lowest median household income among the identified racial categories according to the U.S. Census Bureau and the American Community Survey 2017-2021 5-Year Estimates, at $57,592.
How does the median household income vary by race in Smithfield, IL?
In Smithfield, the median household income When examining median household incomes in Smithfield, it becomes apparent that, given the non-diverse population, the income distribution is also non-diverse..
Which racial group has the lowest median household income according to the Census Bureau in Smithfield, IL?
In Smithfield the sole racial category, White, represents both the highest and lowest median household income levels among the identified racial groups, based on data from the U.S. Census Bureau and the American Community Survey 2017-2021 5-Year Estimates, at $57,592.
What is the median household income for White households in Smithfield, IL?
In Smithfield, the median household income for the households where the householder is White decreased by $4,927(7.88%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $62,519 in 2011 and $57,592 in 2021.
What is the median household income for Black or African American households in Smithfield, IL?
As per the U.S. Census Bureau population data, in Smithfield, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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)