Summit, IL Median Household Income By Race

Summit, IL median household income diversity

Based on our analysis of the distribution of Summit population by race & ethnicity, the population is predominantly Some other race. This particular racial category constitutes the majority, accounting for 35.16% of the total residents in Summit. Notably, the median household income for Some other race households is $78,217.

Interestingly, despite the Some other race 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 $78,217. This reveals that, while Some other races may be the most numerous in Summit, 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 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).

In Summit, a diversity of median household incomes is evident among households of different races. The Some Other Race households boast the highest median household income at about $78,217. Two or More Races households have a median income of approximately $59,240. White households have a median income of approximately $58,487. Black or African American households have a median income of approximately $34,250. Conversly, Asian households reveal the lowest median income at $31,806. These disparities underscore the varied income distribution within the village of Summit.

Summit, IL median household income trends across races

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

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

• White: In Summit, the median household income for the households where the householder is White decreased by $5,219(8.19%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $63,706 in 2013 and $58,487 in 2023.
• Black or African American: In Summit, the median household income for the households where the householder is Black or African American decreased by $17,426(33.72%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $51,676 in 2013 and $34,250 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 Summit, the median household income for the households where the householder is Asian decreased by $9,495(22.99%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $41,301 in 2013 and $31,806 in 2023.
• Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Summit, 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 Summit, the median household income for the households where the householder is Some other race increased by $7,368(10.40%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $70,849 in 2013 and $78,217 in 2023.
• Two or more races (multiracial): In Summit, the median household income for the households where the householder is multiracial increased by $33,022(125.95%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $26,218 in 2013 and $59,240 in 2023.
• Above analysis reconfirms that there are 5 race households in Summit. 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 Summit, IL?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Some Other Race householders in Summit have the highest median household income at $78,217.

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

In Summit, the median household income In Summit, a diversity of median household incomes is evident among households of different races. The Some Other Race households boast the highest median household income at about $78,217. Two or More Races households have a median income of approximately $59,240. White households have a median income of approximately $58,487. Black or African American households have a median income of approximately $34,250. Conversly, Asian households reveal the lowest median income at $31,806. These disparities underscore the varied income distribution within the village of Summit..

Which racial group has the lowest median household income according to the Census Bureau in Summit, 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 Asian in Summit exhibit the lowest median household income at $31,806 among the identified racial categories.

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

In Summit, the median household income for the households where the householder is White decreased by $5,219(8.19%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $63,706 in 2013 and $58,487 in 2023.

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

In Summit, the median household income for the households where the householder is Black or African American decreased by $17,426(33.72%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $51,676 in 2013 and $34,250 in 2023.

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