Median Household Income by Racial Categories in Woodland, MI (2021, in 2022 inflation-adjusted dollars)
This table presents the median household income across different racial categories in Woodland, based on the latest 5-Year estimates from the American Community Survey, when adjusted for the inflation.
Race Of The Head Of Household | Median Household Income |
---|---|
White | $54,560 |
Two or More Races | $44,588 |
TABLE OF CONTENTS
Woodland, MI median household income diversity
Based on our analysis of the distribution of Woodland population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 93.77% of the total residents in Woodland. Notably, the median household income for White households is $54,560.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $54,560.
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).
![Woodland, MI median household income diversity across racial categories The bar chart shows Woodland, MI median household income across all racial categories identified 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).](https://i.neilsberg.com/ch/woodland-mi-median-household-income-by-race.jpeg)
As we explore median household incomes in Woodland, we observe that White households report a median income of about $54,560, while Two or More Races households earn around $44,588. These differences shed light on the income distribution within the village of Woodland.
Woodland, MI median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Woodland, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of Woodland.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Woodland, the median household income for the households where the householder is White increased by $9,612(21.38%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $44,948 in 2011 and $54,560 in 2021.
- Black or African American: As per the U.S. Census Bureau population data, in Woodland, 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: The U.S. Census Bureau population data for Woodland, indicates a lack of households led by American Indian and Alaska Native individuals. As a result, the median household income for the American Indian and Alaska Native population is not available.
- Asian: Even though there is a population where the householder is Asian, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Woodland, 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: Even though there is a population where the householder is Some other race, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Two or more races (multiracial): In Woodland, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $44,588(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 2 race households in Woodland. Households are categorized based on the self-identified race of the head of household.
![Woodland, MI median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars) Line chart showing Woodland, MI median household income trends for all racial categories identified by the U.S. Census Bureau. The chart illustrates income trends between 2011 and 2021, with incomes values adjusted for inflation using 2022 Consumer Price Index retroactive series using current methods. It provides insights into income disparities and variations across racial categories, aiding in data analysis and decision-making.](https://i.neilsberg.com/ch/woodland-mi-median-household-income-by-race-trends.jpeg)
Woodland 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 | $47,225 | $44,948 | $49,311 | $52,045 | $62,361 | $52,033 | $49,114 | $53,706 | $52,006 | $54,700 | $55,091 | $54,560 | N/A |
Two or More Races | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $44,588 | N/A |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $44,588. 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.
Things to know
Which racial group has the highest median household income according to the Census Bureau in Woodland, MI?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with White householders in Woodland have the highest median household income at $54,560.
How does the median household income vary by race in Woodland, MI?
In Woodland, the median household income As we explore median household incomes in Woodland, we observe that White households report a median income of about $54,560, while Two or More Races households earn around $44,588. These differences shed light on the income distribution within the village of Woodland..
Which racial group has the lowest median household income according to the Census Bureau in Woodland, MI?
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 Two or More Races in Woodland exhibit the lowest median household income at $44,588 among the identified racial categories.
What is the median household income for White households in Woodland, MI?
In Woodland, the median household income for the households where the householder is White increased by $9,612(21.38%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $44,948 in 2011 and $54,560 in 2021.
What is the median household income for Black or African American households in Woodland, MI?
As per the U.S. Census Bureau population data, in Woodland, 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.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)