Wood Dale, IL Median Household Income By Race

Wood Dale, IL median household income diversity

Based on our analysis of the distribution of Wood Dale population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 73.76% of the total residents in Wood Dale. Notably, the median household income for White households is $84,319.

Interestingly, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $130,533. This reveals that, while Whites may be the most numerous in Wood Dale, 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).

In Wood Dale, a diversity of median household incomes is evident among households of different races. The Some Other Race households boast the highest median household income at about $130,533. Asian households have a median income of approximately $122,053. Black or African American households have a median income of approximately $115,156. Two or More Races households have a median income of approximately $85,655. Conversely, White households reveal the lowest median income at $84,319. These disparities underscore the varied income distribution within the city of Wood Dale.

Wood Dale, IL median household income trends across races

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

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

• White: In Wood Dale, the median household income for the households where the householder is White increased by $2,371(2.89%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $81,948 in 2011 and $84,319 in 2021.
• Black or African American: In Wood Dale, the median household income for the households where the householder is Black or African American decreased by $18,116(13.59%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $133,272 in 2011 and $115,156 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 Wood Dale, the median household income for the households where the householder is Asian increased by $34,227(38.97%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $87,826 in 2011 and $122,053 in 2021.
• 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 2011 and 2021.
• Some other race: In Wood Dale, the median household income for the households where the householder is Some other race increased by $3,316(2.61%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $127,217 in 2011 and $130,533 in 2021.
• Two or more races (multiracial): In Wood Dale, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $85,655(2022 inflation-adjusted dollars), marking a significant change.
• Above analysis reconfirms that there are 5 race households in Wood Dale. 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 $85,655. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $18,116 in median income.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Wood Dale, IL?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with Some Other Race householders in Wood Dale have the highest median household income at $130,533.

How does the median household income vary by race in Wood Dale, IL?

In Wood Dale, the median household income In Wood Dale, a diversity of median household incomes is evident among households of different races. The Some Other Race households boast the highest median household income at about $130,533. Asian households have a median income of approximately $122,053. Black or African American households have a median income of approximately $115,156. Two or More Races households have a median income of approximately $85,655. Conversely, White households reveal the lowest median income at $84,319. These disparities underscore the varied income distribution within the city of Wood Dale..

Which racial group has the lowest median household income according to the Census Bureau in Wood Dale, IL?

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 White in Wood Dale exhibit the lowest median household income at $84,319 among the identified racial categories.

What is the median household income for White households in Wood Dale, IL?

In Wood Dale, the median household income for the households where the householder is White increased by $2,371(2.89%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $81,948 in 2011 and $84,319 in 2021.

What is the median household income for Black or African American households in Wood Dale, IL?

In Wood Dale, the median household income for the households where the householder is Black or African American decreased by $18,116(13.59%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $133,272 in 2011 and $115,156 in 2021.

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