Valencia County, NM Median Household Income By Race

Valencia County, NM median household income diversity

Based on our analysis of the distribution of Valencia County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 55.79% of the total residents in Valencia County. Notably, the median household income for White households is $66,943.

Interestingly, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $80,302. This reveals that, while Whites may be the most numerous in Valencia County, Black or African American 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 Valencia County, a diversity of median household incomes is evident among households of different races. The Black or African American households boast the highest median household income at about $80,302. White households have a median income of approximately $66,943. American Indian and Alaska Native households have a median income of approximately $60,996. Some Other Race households have a median income of approximately $53,496. Conversly, Two or More Races households reveal the lowest median income at $47,955. These disparities underscore the varied income distribution within the county of Valencia County.

Valencia County, NM median household income trends across races

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

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

• White: In Valencia County, the median household income for the households where the householder is White increased by $7,275(12.19%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $59,668 in 2013 and $66,943 in 2023.
• Black or African American: In Valencia County, the median household income for the households where the householder is Black or African American increased by $22,709(39.43%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $57,593 in 2013 and $80,302 in 2023.
• American Indian and Alaska Native: In Valencia County, the median household income for the households where the householder is American Indian and Alaska Native decreased by $483(0.79%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $61,479 in 2013 and $60,996 in 2023.
• Asian: In Valencia County, the median household income for Asian households was $94,152 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
• 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 Valencia County, the median household income for the households where the householder is Some other race increased by $10,928(25.67%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $42,568 in 2013 and $53,496 in 2023.
• Two or more races (multiracial): In Valencia County, the median household income for the households where the householder is multiracial decreased by $15,817(24.80%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $63,772 in 2013 and $47,955 in 2023.
• Above analysis reconfirms that there are 5 race households in Valencia County. 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 Valencia County, NM?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Black or African American householders in Valencia County have the highest median household income at $80,302.

How does the median household income vary by race in Valencia County, NM?

In Valencia County, the median household income In Valencia County, a diversity of median household incomes is evident among households of different races. The Black or African American households boast the highest median household income at about $80,302. White households have a median income of approximately $66,943. American Indian and Alaska Native households have a median income of approximately $60,996. Some Other Race households have a median income of approximately $53,496. Conversly, Two or More Races households reveal the lowest median income at $47,955. These disparities underscore the varied income distribution within the county of Valencia County..

Which racial group has the lowest median household income according to the Census Bureau in Valencia County, NM?

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 Two or More Races in Valencia County exhibit the lowest median household income at $47,955 among the identified racial categories.

What is the median household income for White households in Valencia County, NM?

In Valencia County, the median household income for the households where the householder is White increased by $7,275(12.19%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $59,668 in 2013 and $66,943 in 2023.

What is the median household income for Black or African American households in Valencia County, NM?

In Valencia County, the median household income for the households where the householder is Black or African American increased by $22,709(39.43%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $57,593 in 2013 and $80,302 in 2023.

References

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