Median Income of Non-Hispanic White Households Increased While Asian, Black and Hispanic Median Household Income Did Not Change
September 12, 2024
Real median household income rose to $80,610 in 2023, the first annual increase since 2019 before the COVID-19 pandemic, according to a U.S. Census Bureau report .
The 2023 median incomes of Hispanic ($65,540) and Black ($56,490) households were not statistically different from 2022 and remained the lowest among all race and ethnic groups.
The report, Income in the United States: 2023, compares median household income by different characteristics, including race and Hispanic origin, and shows that not all groups had an increase in median household incomes from 2022 to 2023.
Household characteristics are determined by the person, or one of the people, who owns or rents the home. For example, estimates for Hispanic households represent households where one of the owners or renters is Hispanic.
The only group with higher income in 2023 was non-Hispanic White households, with an increase of 5.7% to $89,050.
The 2023 median incomes of Hispanic ($65,540) and Black ($56,490) households were not statistically different from 2022 and remained the lowest among all race and ethnic groups.
Median income of Asian households did not change either but it remained the highest ($112,800) among all race and Hispanic origin groups.
The median incomes of different groups can be compared by calculating the ratio of the median income of a specific group to the median income of non-Hispanic White households.
For example, the median income of Asian households was 1.27 times greater than that of non-Hispanic White households in 2023. This ratio was down from 1.34 in 2022, narrowing the median income gap between Asian and non-Hispanic White households.
The ratio of Hispanic to non-Hispanic White household income decreased from 0.77 in 2022 to 0.74 in 2023, widening the median income gap between the two groups.
The ratio of Black to non-Hispanic White household income in 2023 (0.63) was not statistically different from 2022 (0.65).
The report contains more info on how median household income changed according to other characteristics like age, nativity and educational attainment.
About Author
