Median Household Income by Racial Categories in Vance County, NC , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in Vance County, based on the latest 5-Year estimates from the American Community Survey , when adjusted for the inflation.
| Race Of The Head Of Household | Median Household Income |
|---|---|
| White | $56,363 |
| Black or African American | $40,365 |
| American Indian and Alaska Native | $82,750 |
| Asian | $156,343 |
| Some Other Race | $42,309 |
| Two or More Races | $46,037 |
TABLE OF CONTENTS
Vance County, NC median household income diversity
Based on our analysis of the distribution of Vance County population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 48.97% of the total residents in Vance County. Notably, the median household income for Black or African American households is $40,365.
Interestingly, despite the Black or African American population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $156,343. This reveals that, while Black or African Americans may be the most numerous in Vance County, 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 Vance County, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $156,343. American Indian and Alaska Native households have a median income of approximately $82,750. White households have a median income of approximately $56,363. Two or More Races households have a median income of approximately $46,037. Some Other Race households have a median income of approximately $42,309. Conversly, Black or African American households reveal the lowest median income at $40,365. These disparities underscore the varied income distribution within the county of Vance County.
Vance County, NC median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Vance County, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Vance County.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Vance County, the median household income for the households where the householder is White decreased by $7,310(11.48%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $63,673 in 2013 and $56,363 in 2023.
- Black or African American: In Vance County, the median household income for the households where the householder is Black or African American increased by $4,914(13.86%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $35,451 in 2013 and $40,365 in 2023.
- American Indian and Alaska Native: In Vance County, the median household income for the households where the householder is American Indian and Alaska Native increased by $17,809(27.42%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $64,941 in 2013 and $82,750 in 2023.
- Asian: In Vance County, there was no reported median household income for Asian households in 2013. However, in 2023, the median household income increased to $156,343, marking a significant change.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Vance County, 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 Vance County, the median household income for the households where the householder is Some other race increased by $20,871(97.36%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $21,438 in 2013 and $42,309 in 2023.
- Two or more races (multiracial): In Vance County, the median household income for the households where the householder is multiracial increased by $10,793(30.62%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $35,244 in 2013 and $46,037 in 2023.
- Above analysis reconfirms that there are 6 race households in Vance County. Households are categorized based on the self-identified race of the head of household.
Vance County median household income by race betwen 2013 and 2023
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 2013 to 2023, 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 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $66,170 | $64,524 | $67,371 | $63,673 | $61,067 | $57,294 | $53,398 | $54,674 | $57,953 | $61,035 | $64,928 | $66,486 | $58,773 | $56,363 |
| Black or African American | $36,502 | $35,634 | $35,749 | $35,451 | $34,055 | $33,662 | $32,736 | $35,576 | $36,848 | $40,370 | $40,020 | $40,451 | $41,479 | $40,365 |
| American Indian and Alaska Native | $73,759 | N/A | $55,404 | $64,941 | $64,982 | $53,857 | N/A | N/A | N/A | N/A | N/A | $115,833 | $84,602 | $82,750 |
| Asian | $61,271 | $65,286 | N/A | N/A | N/A | $60,041 | $59,275 | $84,741 | $87,543 | $98,802 | $85,787 | $85,146 | N/A | $156,343 |
| Some Other Race | $27,231 | $22,013 | $20,027 | $21,438 | $25,145 | N/A | N/A | $90,876 | N/A | $40,968 | $40,835 | $40,985 | $45,729 | $42,309 |
| Two or More Races | $56,588 | N/A | $48,344 | $35,244 | $34,459 | $34,233 | $71,636 | N/A | N/A | N/A | $32,868 | $31,620 | $46,645 | $46,037 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in Vance County, NC?
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 Vance County have the highest median household income at $156,343.
How does the median household income vary by race in Vance County, NC?
In Vance County, the median household income In Vance County, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $156,343. American Indian and Alaska Native households have a median income of approximately $82,750. White households have a median income of approximately $56,363. Two or More Races households have a median income of approximately $46,037. Some Other Race households have a median income of approximately $42,309. Conversly, Black or African American households reveal the lowest median income at $40,365. These disparities underscore the varied income distribution within the county of Vance County..
Which racial group has the lowest median household income according to the Census Bureau in Vance County, NC?
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 Black or African American in Vance County exhibit the lowest median household income at $40,365 among the identified racial categories.
What is the median household income for White households in Vance County, NC?
In Vance County, the median household income for the households where the householder is White decreased by $7,310(11.48%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $63,673 in 2013 and $56,363 in 2023.
What is the median household income for Black or African American households in Vance County, NC?
In Vance County, the median household income for the households where the householder is Black or African American increased by $4,914(13.86%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $35,451 in 2013 and $40,365 in 2023.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)
