Wake County, NC median household income diversity
Based on our analysis of the distribution of Wake County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 62.49% of the total residents in Wake County. Notably, the median household income for White households is $108,145.
Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $141,657. This reveals that, while Whites may be the most numerous in Wake 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.
In Wake 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 $141,657. White households have a median income of approximately $108,145. American Indian and Alaska Native households have a median income of approximately $101,528. Two or More Races households have a median income of approximately $87,408. Black or African American households have a median income of approximately $62,352. Conversely, Some Other Race households reveal the lowest median income at $62,266. These disparities underscore the varied income distribution within the county of Wake County.
Wake County, NC median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Wake County, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the county of Wake County.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Wake County, the median household income for the households where the householder is White increased by $15,551(16.79%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $92,594 in 2012 and $108,145 in 2022.
- Black or African American: In Wake County, the median household income for the households where the householder is Black or African American increased by $10,107(19.35%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $52,245 in 2012 and $62,352 in 2022.
- American Indian and Alaska Native: In Wake County, the median household income for the households where the householder is American Indian and Alaska Native increased by $31,110(44.18%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $70,418 in 2012 and $101,528 in 2022.
- Asian: In Wake County, the median household income for the households where the householder is Asian increased by $35,133(32.98%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $106,524 in 2012 and $141,657 in 2022.
- Native Hawaiian and Other Pacific Islander: In Wake County, the median household income for Native Hawaiian and Other Pacific Islander households was $71,640 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
- Some other race: In Wake County, the median household income for the households where the householder is Some other race increased by $16,323(35.53%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $45,943 in 2012 and $62,266 in 2022.
- Two or more races (multiracial): In Wake County, the median household income for the households where the householder is multiracial increased by $10,378(13.47%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $77,030 in 2012 and $87,408 in 2022.
- Above analysis reconfirms that there are 6 race households in Wake County. Households are categorized based on the self-identified race of the head of household.
Wake County median household income by race betwen 2012 and 2022
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 2012 to 2022, 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 | $92,523 | $93,727 | $92,594 | $93,181 | $95,828 | $99,526 | $103,846 | $105,573 | $105,568 | $109,389 | N/A | $111,119 | $108,145 |
| Black or African American | $55,316 | $57,387 | $52,245 | $57,570 | $53,679 | $55,101 | $62,682 | $67,421 | $62,186 | $58,990 | N/A | $55,586 | $62,352 |
| American Indian and Alaska Native | $72,575 | $144,313 | $70,418 | $51,651 | $37,979 | $50,141 | $123,908 | $106,264 | $66,320 | $73,898 | N/A | $59,237 | $101,528 |
| Asian | $114,820 | $103,236 | $106,524 | $107,907 | $122,199 | $124,714 | $123,050 | $120,179 | $133,143 | $134,398 | N/A | $148,564 | $141,657 |
| Native Hawaiian and Other Pacific Islander | N/A | N/A | $71,640 | $62,053 | $44,967 | N/A | N/A | N/A | N/A | N/A | N/A | $94,448 | N/A |
| Some Other Race | $43,949 | $52,115 | $45,943 | $54,633 | $46,913 | $44,927 | $51,195 | $51,610 | $65,675 | $66,057 | N/A | $58,528 | $62,266 |
| Two or More Races | $72,821 | $60,121 | $77,030 | $67,192 | $73,101 | $63,946 | $84,091 | $98,502 | $78,605 | $96,424 | N/A | $88,326 | $87,408 |
Key observations: Households with Asian householders witnessed significant growth in median household income, marking an impressive increase of $35,133. On the other hand, households where householder is Native Hawaiian and Other Pacific Islander experienced a notable decline, with a decrease of $71,640 in median income.