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 White. This particular racial category constitutes the majority, accounting for 51.56% of the total residents in Summit. Notably, the median household income for White households is $67,714.

Interestingly, White is both the largest group and the one with the highest median household income, which stands at $67,714.

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).

In Summit, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $67,714. Some Other Race households have a median income of approximately $54,270. Two or More Races households have a median income of approximately $49,687. Black or African American households have a median income of approximately $31,211. Asian households have a median income of approximately $29,779. Conversely, American Indian and Alaska Native households reveal the lowest median income at $25,942. 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 increased by $2,748(4.23%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $64,966 in 2011 and $67,714 in 2021.
• Black or African American: In Summit, the median household income for the households where the householder is Black or African American decreased by $10,118(24.48%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $41,329 in 2011 and $31,211 in 2021.
• American Indian and Alaska Native: In Summit, there was no reported median household income for American Indian and Alaska Native households in 2011. However, in 2021, the median household income increased to $25,942(2022 inflation-adjusted dollars), marking a significant change.
• Asian: In Summit, the median household income for the households where the householder is Asian decreased by $7,610(20.35%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $37,389 in 2011 and $29,779 in 2021.
• 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 decreased by $9,623(15.06%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,893 in 2011 and $54,270 in 2021.
• Two or more races (multiracial): In Summit, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $49,687(2022 inflation-adjusted dollars), marking a significant change.
• Above analysis reconfirms that there are 6 race households in Summit. Households are categorized based on the self-identified race of the head of household.

Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $49,687. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $10,118 in median income.

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 2017-2021 5-Year Estimates, households with White householders in Summit have the highest median household income at $67,714.

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 White households boast the highest median household income at about $67,714. Some Other Race households have a median income of approximately $54,270. Two or More Races households have a median income of approximately $49,687. Black or African American households have a median income of approximately $31,211. Asian households have a median income of approximately $29,779. Conversely, American Indian and Alaska Native households reveal the lowest median income at $25,942. 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 2017-2021 5-Year Estimates, households headed by individuals identifying as American Indian and Alaska Native in Summit exhibit the lowest median household income at $25,942 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 increased by $2,748(4.23%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $64,966 in 2011 and $67,714 in 2021.

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 $10,118(24.48%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $41,329 in 2011 and $31,211 in 2021.

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