South Elgin, IL Median Household Income By Race

South Elgin, IL median household income diversity

Based on our analysis of the distribution of South Elgin population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 61.95% of the total residents in South Elgin. Notably, the median household income for White households is $124,757.

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 $150,833. This reveals that, while Whites may be the most numerous in South Elgin, 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 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).

In South Elgin, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $150,833. Two or More Races households have a median income of approximately $125,357. White households have a median income of approximately $124,757. Black or African American households have a median income of approximately $115,384. Conversly, Some Other Race households reveal the lowest median income at $104,048. These disparities underscore the varied income distribution within the village of South Elgin.

South Elgin, IL median household income trends across races

A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in South Elgin, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of South Elgin.

Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:

• White: In South Elgin, the median household income for the households where the householder is White increased by $12,121(10.76%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $112,636 in 2013 and $124,757 in 2023.
• Black or African American: In South Elgin, the median household income for the households where the householder is Black or African American increased by $48,621(72.83%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $66,763 in 2013 and $115,384 in 2023.
• 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 2013 and 2023.
• Asian: In South Elgin, the median household income for the households where the householder is Asian increased by $36,975(32.47%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $113,858 in 2013 and $150,833 in 2023.
• 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 2013 and 2023.
• Some other race: In South Elgin, the median household income for the households where the householder is Some other race decreased by $34,874(25.10%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $138,922 in 2013 and $104,048 in 2023.
• Two or more races (multiracial): In South Elgin, the median household income for the households where the householder is multiracial increased by $24,280(24.02%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $101,077 in 2013 and $125,357 in 2023.
• Above analysis reconfirms that there are 5 race households in South Elgin. Households are categorized based on the self-identified race of the head of household.

Things to know

Which racial group has the highest median household income according to the Census Bureau in South Elgin, IL?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Asian householders in South Elgin have the highest median household income at $150,833.

How does the median household income vary by race in South Elgin, IL?

In South Elgin, the median household income In South Elgin, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $150,833. Two or More Races households have a median income of approximately $125,357. White households have a median income of approximately $124,757. Black or African American households have a median income of approximately $115,384. Conversly, Some Other Race households reveal the lowest median income at $104,048. These disparities underscore the varied income distribution within the village of South Elgin..

Which racial group has the lowest median household income according to the Census Bureau in South Elgin, IL?

Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2019-2023 5-Year Estimates, households headed by individuals identifying as Some Other Race in South Elgin exhibit the lowest median household income at $104,048 among the identified racial categories.

What is the median household income for White households in South Elgin, IL?

In South Elgin, the median household income for the households where the householder is White increased by $12,121(10.76%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $112,636 in 2013 and $124,757 in 2023.

What is the median household income for Black or African American households in South Elgin, IL?

In South Elgin, the median household income for the households where the householder is Black or African American increased by $48,621(72.83%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $66,763 in 2013 and $115,384 in 2023.

References

Notes