Wagon Mound, NM median household income diversity
Based on our analysis of the distribution of Wagon Mound population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 60.34% of the total residents in Wagon Mound. Notably, the median household income for White households is not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
Interestingly, despite the White population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $42,371. This reveals that, while Whites may be the most numerous in Wagon Mound, 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 Wagon Mound, we observe that Some Other Race households report a median income of about $42,371, while Two or More Races households earn around $12,701. These differences shed light on the income distribution within the village of Wagon Mound.
Wagon Mound, NM median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Wagon Mound, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of Wagon Mound.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Wagon Mound, the median household income for White households was $54,319 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- Black or African American: As per the U.S. Census Bureau population data, in Wagon Mound, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
- 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 Wagon Mound, based on U.S. Census Bureau population data, households with Asian householders are non existent. Therefore, the median household income for the Asian population cannot be determined.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Wagon Mound, 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 Wagon Mound, the median household income for the households where the householder is Some other race increased by $16,219(62.02%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $26,152 in 2011 and $42,371 in 2021.
- Two or more races (multiracial): In Wagon Mound, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $12,701(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 2 race households in Wagon Mound. Households are categorized based on the self-identified race of the head of household.
Wagon Mound 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 | $53,773 | $54,319 | $52,299 | $50,783 | $45,530 | $29,423 | $38,221 | $50,525 | $48,516 | $48,389 | N/A | N/A | N/A |
| Some Other Race | $22,826 | $26,152 | $33,221 | $32,857 | $29,784 | $32,263 | $27,774 | $30,564 | $16,979 | $27,270 | N/A | $42,371 | N/A |
| Two or More Races | $32,468 | N/A | $31,620 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $12,701 | N/A |
Key observations: Households with Some other race householders witnessed significant growth in median household income, marking an impressive increase of $16,219. On the other hand, households where householder is White experienced a notable decline, with a decrease of $54,319 in median income.