Three Rivers, MI median household income diversity
Based on our analysis of the distribution of Three Rivers population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 77.54% of the total residents in Three Rivers. Notably, the median household income for White households is $50,094.
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 $77,119. This reveals that, while Whites may be the most numerous in Three Rivers, 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 Three Rivers, we observe that Some Other Race households report a median income of about $77,119, White households report a median income of about $50,094 and Black or African American households earn roughly $35,805. These differences shed light on the income distribution within the city of Three Rivers.
Three Rivers, MI median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Three Rivers, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the city of Three Rivers.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Three Rivers, the median household income for the households where the householder is White increased by $7,740(18.27%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $42,354 in 2011 and $50,094 in 2021.
- Black or African American: In Three Rivers, the median household income for the households where the householder is Black or African American decreased by $4,785(11.79%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,590 in 2011 and $35,805 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: In Three Rivers, the median household income for Asian households was $59,250 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Three Rivers, 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 Three Rivers, the median household income for the households where the householder is Some other race decreased by $23,167(23.10%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $100,286 in 2011 and $77,119 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 Three Rivers. Households are categorized based on the self-identified race of the head of household.
Three Rivers 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 | $48,872 | $42,354 | $46,352 | $48,558 | $45,456 | $46,341 | $51,395 | $50,658 | $50,372 | $50,739 | $49,130 | $50,094 | N/A |
| Black or African American | $43,093 | $40,590 | $45,628 | $33,167 | $21,400 | $26,698 | $31,133 | $28,443 | $24,790 | $29,184 | $34,212 | $35,805 | N/A |
| American Indian and Alaska Native | $49,649 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asian | $84,442 | $59,250 | $60,961 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Some Other Race | N/A | $100,286 | N/A | N/A | N/A | N/A | $14,093 | N/A | N/A | $32,692 | N/A | $77,119 | N/A |
| Two or More Races | N/A | N/A | $29,618 | $29,594 | $32,369 | $62,563 | $65,618 | $63,681 | $53,625 | $51,924 | $43,743 | N/A | N/A |
Key observations: Households with White householders witnessed significant growth in median household income, marking an impressive increase of $7,740. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $59,250 in median income.