Waterford charter Township, Michigan median household income diversity
Based on our analysis of the distribution of Waterford charter township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 83.51% of the total residents in Waterford charter township. Notably, the median household income for White households is $77,623.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $77,623.
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 Waterford charter township, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $77,623. Two or More Races households have a median income of approximately $75,123. Some Other Race households have a median income of approximately $72,429. Asian households have a median income of approximately $67,665. Conversely, Black or African American households reveal the lowest median income at $52,288. These disparities underscore the varied income distribution within the township of Waterford charter township.
Waterford charter Township, Michigan median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Waterford charter township, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the township of Waterford charter township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Waterford charter township, the median household income for the households where the householder is White increased by $6,521(9.17%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $71,102 in 2012 and $77,623 in 2022.
- Black or African American: In Waterford charter township, the median household income for the households where the householder is Black or African American increased by $6,290(13.67%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $45,998 in 2012 and $52,288 in 2022.
- 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 2012 and 2022.
- Asian: In Waterford charter township, there was no reported median household income for Asian households in 2012. However, in 2022, the median household income increased to $67,665, marking a significant change.
- 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 2012 and 2022.
- Some other race: In Waterford charter township, there was no reported median household income for Some other race households in 2012. However, in 2022, the median household income increased to $72,429, marking a significant change.
- Two or more races (multiracial): In Waterford charter township, there was no reported median household income for multiracial households in 2012. However, in 2022, the median household income increased to $75,123, marking a significant change.
- Above analysis reconfirms that there are 5 race households in Waterford charter township. Households are categorized based on the self-identified race of the head of household.
Waterford charter township 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 | $80,564 | $75,244 | $71,102 | $72,084 | $70,086 | $75,689 | $69,592 | $71,440 | $72,023 | $78,460 | N/A | $77,853 | $77,623 |
| Black or African American | N/A | $34,210 | $45,998 | $60,910 | $56,742 | $48,525 | $36,600 | $85,373 | $43,164 | $29,089 | N/A | $58,397 | $52,288 |
| American Indian and Alaska Native | $54,933 | $33,572 | N/A | N/A | N/A | N/A | N/A | N/A | $62,740 | N/A | N/A | N/A | N/A |
| Asian | $63,051 | N/A | N/A | $107,325 | $110,180 | N/A | N/A | $92,492 | N/A | $76,858 | N/A | N/A | $67,665 |
| Some Other Race | N/A | $326,895 | N/A | N/A | $55,122 | $52,224 | N/A | N/A | N/A | $25,024 | N/A | $57,802 | $72,429 |
| Two or More Races | N/A | $24,314 | N/A | N/A | $120,239 | N/A | $62,515 | N/A | N/A | $81,429 | N/A | $55,516 | $75,123 |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $75,123. Among all racial categories, there was no instance of householders experiencing a decline in median household income, indicating a consistent or upward trend across all household demographics.