Wheat Ridge, CO Median Household Income By Race

Wheat Ridge, CO median household income diversity

Based on our analysis of the distribution of Wheat Ridge population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 86.47% of the total residents in Wheat Ridge. Notably, the median household income for White households is $78,160.

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 $111,868. This reveals that, while Whites may be the most numerous in Wheat Ridge, 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 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).

In Wheat Ridge, 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 $111,868. Two or More Races households have a median income of approximately $110,396. Asian households have a median income of approximately $79,177. White households have a median income of approximately $78,160. Conversely, Some Other Race households reveal the lowest median income at $51,644. These disparities underscore the varied income distribution within the city of Wheat Ridge.

Wheat Ridge, CO median household income trends across races

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

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

• White: In Wheat Ridge, the median household income for the households where the householder is White increased by $14,221(22.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,939 in 2011 and $78,160 in 2021.
• Black or African American: In Wheat Ridge, the median household income for the households where the householder is Black or African American increased by $45,400(68.30%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,468 in 2011 and $111,868 in 2021.
• 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 Wheat Ridge, the median household income for the households where the householder is Asian increased by $12,527(18.80%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,650 in 2011 and $79,177 in 2021.
• Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Wheat Ridge, 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 Wheat Ridge, the median household income for the households where the householder is Some other race decreased by $1,531(2.88%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,175 in 2011 and $51,644 in 2021.
• Two or more races (multiracial): In Wheat Ridge, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $110,396(2022 inflation-adjusted dollars), marking a significant change.
• Above analysis reconfirms that there are 5 race households in Wheat Ridge. Households are categorized based on the self-identified race of the head of household.

Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $110,396. On the other hand, households where householder is Some other race experienced a notable decline, with a decrease of $1,531 in median income.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Wheat Ridge, CO?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with Black or African American householders in Wheat Ridge have the highest median household income at $111,868.

How does the median household income vary by race in Wheat Ridge, CO?

In Wheat Ridge, the median household income In Wheat Ridge, 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 $111,868. Two or More Races households have a median income of approximately $110,396. Asian households have a median income of approximately $79,177. White households have a median income of approximately $78,160. Conversely, Some Other Race households reveal the lowest median income at $51,644. These disparities underscore the varied income distribution within the city of Wheat Ridge..

Which racial group has the lowest median household income according to the Census Bureau in Wheat Ridge, CO?

Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2017-2021 5-Year Estimates, households headed by individuals identifying as Some Other Race in Wheat Ridge exhibit the lowest median household income at $51,644 among the identified racial categories.

What is the median household income for White households in Wheat Ridge, CO?

In Wheat Ridge, the median household income for the households where the householder is White increased by $14,221(22.24%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,939 in 2011 and $78,160 in 2021.

What is the median household income for Black or African American households in Wheat Ridge, CO?

In Wheat Ridge, the median household income for the households where the householder is Black or African American increased by $45,400(68.30%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,468 in 2011 and $111,868 in 2021.

References