Franklin Park, IL Median Household Income By Race

In Franklin Park, the demographic landscape is diverse, spanning 6 distinct racial categories among households. Among these, American Indian and Alaska Native households have the highest median household income at $125,454, while Black or African American households represent the opposite end with the lowest median household income of $2,701.
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Updated Jan 4, 2024

Median Household Income by Racial Categories in Franklin Park, IL (2021, in 2022 inflation-adjusted dollars)

This table presents the median household income across different racial categories in Franklin Park, 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 $72,875
Black or African American $2,701
American Indian and Alaska Native $125,454
Asian $63,263
Some Other Race $79,675
Two or More Races $85,854
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Avg Income Age group Avg Income Diversity Index Population Gender ratio (M:F) Homeownership % Avg commute time Custom Dataset: Franklin Park Self-employed, multilingual, car-commuting, insured individuals 15 to 24 years $27,865 75 27,354 0.75 0.5% 55 min 25 to 44 years $44,231 90 37,459 0.86 19% 43 min 45 to 64 years $53,865 95 42,167 0.77 35% 15 min 65 to 74 years $51,800 74 32,972 0.91 45% 13 min 75 to 84 years $41,234 66 26,758 0.87 66% 42 min 85 years and over $36,093 56 18,857 0.89 76% 45 min

Franklin Park, IL median household income diversity

Based on our analysis of the distribution of Franklin Park population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 59.09% of the total residents in Franklin Park. Notably, the median household income for White households is $72,875.

Interestingly, despite the White population being the most populous, it is worth noting that American Indian and Alaska Native households actually reports the highest median household income, with a median income of $125,454. This reveals that, while Whites may be the most numerous in Franklin Park, American Indian and Alaska Native 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).

The bar chart shows Franklin Park, IL 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).
Franklin Park, IL median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

In Franklin Park, a diversity of median household incomes is evident among households of different races. The American Indian and Alaska Native households boast the highest median household income at about $125,454. Two or More Races households have a median income of approximately $85,854. Some Other Race households have a median income of approximately $79,675. White households have a median income of approximately $72,875. Asian households have a median income of approximately $63,263. Conversely, Black or African American households reveal the lowest median income at $2,701. These disparities underscore the varied income distribution within the village of Franklin Park.

Franklin Park, IL median household income trends across races

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

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

  • White: In Franklin Park, the median household income for the households where the householder is White increased by $5,211(7.70%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $67,664 in 2011 and $72,875 in 2021.
  • Black or African American: In Franklin Park, the median household income for the households where the householder is Black or African American decreased by $9,830(78.45%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $12,531 in 2011 and $2,701 in 2021.
  • American Indian and Alaska Native: In Franklin Park, there was no reported median household income for American Indian and Alaska Native households in 2011. However, in 2021, the median household income increased to $125,454(2022 inflation-adjusted dollars), marking a significant change.
  • Asian: In Franklin Park, the median household income for the households where the householder is Asian decreased by $37,636(37.30%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $100,899 in 2011 and $63,263 in 2021.
  • Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Franklin Park, 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 Franklin Park, the median household income for the households where the householder is Some other race increased by $6,919(9.51%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $72,756 in 2011 and $79,675 in 2021.
  • Two or more races (multiracial): In Franklin Park, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $85,854(2022 inflation-adjusted dollars), marking a significant change.
  • Above analysis reconfirms that there are 6 race households in Franklin Park. Households are categorized based on the self-identified race of the head of household.
Line chart showing Franklin Park, IL 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.
Franklin Park, IL median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars). Households with American Indian and Alaska Native householders witnessed significant growth in median household income, marking an impressive increase of $125,454. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $37,636 in median income. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Franklin Park 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 $70,036 $67,664 $68,475 $67,388 $70,874 $70,301 $70,072 $72,989 $75,685 $73,538 $74,651 $72,875 N/A
Black or African American N/A $12,531 $54,968 $28,267 $53,200 N/A N/A $28,443 $25,330 N/A N/A $2,701 N/A
American Indian and Alaska Native $95,181 N/A $97,261 N/A N/A N/A N/A $70,859 $68,975 N/A $85,301 $125,454 N/A
Asian $100,915 $100,899 $120,963 $117,458 $120,826 $120,016 $67,488 $54,641 $64,830 $42,536 $54,468 $63,263 N/A
Some Other Race $73,065 $72,756 $70,567 $63,709 $65,472 $64,636 $74,543 $71,108 $72,814 $79,658 $81,248 $79,675 N/A
Two or More Races N/A N/A $125,518 $109,523 $39,815 $60,137 $73,502 N/A $59,117 N/A N/A $85,854 N/A
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Key observations: Households with American Indian and Alaska Native householders witnessed significant growth in median household income, marking an impressive increase of $125,454. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $37,636 in median income.

Things to know

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

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with American Indian and Alaska Native householders in Franklin Park have the highest median household income at $125,454.

How does the median household income vary by race in Franklin Park, IL?

In Franklin Park, the median household income In Franklin Park, a diversity of median household incomes is evident among households of different races. The American Indian and Alaska Native households boast the highest median household income at about $125,454. Two or More Races households have a median income of approximately $85,854. Some Other Race households have a median income of approximately $79,675. White households have a median income of approximately $72,875. Asian households have a median income of approximately $63,263. Conversely, Black or African American households reveal the lowest median income at $2,701. These disparities underscore the varied income distribution within the village of Franklin Park..

Which racial group has the lowest median household income according to the Census Bureau in Franklin Park, 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 Black or African American in Franklin Park exhibit the lowest median household income at $2,701 among the identified racial categories.

What is the median household income for White households in Franklin Park, IL?

In Franklin Park, the median household income for the households where the householder is White increased by $5,211(7.70%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $67,664 in 2011 and $72,875 in 2021.

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

In Franklin Park, the median household income for the households where the householder is Black or African American decreased by $9,830(78.45%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $12,531 in 2011 and $2,701 in 2021.

References

Datasets

Explore datasets by year of publication.
2023
Franklin Park, IL median household income breakdown by race betwen 2011 and 2021
Last updated January 3, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Franklin Park. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2011 and 2021, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

  • White: In Franklin Park, the median household income for the households where the householder is White increased by $5,211(7.70%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $67,664 in 2011 and $72,875 in 2021.
  • Black or African American: In Franklin Park, the median household income for the households where the householder is Black or African American decreased by $9,830(78.45%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $12,531 in 2011 and $2,701 in 2021.
  • Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households
Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

  • White
  • Black or African American
  • American Indian and Alaska Native
  • Asian
  • Native Hawaiian and Other Pacific Islander
  • Some other race
  • Two or more races (multiracial)

Variables / Data Columns

  • Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Franklin Park.
  • 2010: 2010 median household income
  • 2011: 2011 median household income
  • 2012: 2012 median household income
  • 2013: 2013 median household income
  • 2014: 2014 median household income
  • 2015: 2015 median household income
  • 2016: 2016 median household income
  • 2017: 2017 median household income
  • 2018: 2018 median household income
  • 2019: 2019 median household income
  • 2020: 2020 median household income
  • 2021: 2021 median household income
  • 2022: 2022 median household income
  • Please note: 2020 1-Year ACS estimates data was not reported by Census Bureau due to impact on survey collection and analysis during COVID-19, thus for large cities (population 65,000 and above) median household income data is not available.
  • Please note: All incomes have been adjusted for inflation and are presented in 2022-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Franklin Park median household income by race. You can refer the same here

Median Household Income by Racial Categories in Franklin Park, IL (2021, in 2022 inflation-adjusted dollars)
Last updated January 3, 2024
ACS
Free
Neilsberg
CSV, JSON
2017-2021
CC BY 4.0
About this dataset

Context

The dataset presents the median household income across different racial categories in Franklin Park. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of Franklin Park population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 59.09% of the total residents in Franklin Park. Notably, the median household income for White households is $72,875. Interestingly, despite the White population being the most populous, it is worth noting that American Indian and Alaska Native households actually reports the highest median household income, with a median income of $125,454. This reveals that, while Whites may be the most numerous in Franklin Park, American Indian and Alaska Native households experience greater economic prosperity in terms of median household income.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

  • White
  • Black or African American
  • American Indian and Alaska Native
  • Asian
  • Native Hawaiian and Other Pacific Islander
  • Some other race
  • Two or more races (multiracial)

Variables / Data Columns

  • Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Franklin Park.
  • Median household income: Median household income, adjusting for inflation, presented in 2022-inflation-adjusted dollars

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Franklin Park median household income by race. You can refer the same here

If you're looking for datasets from another year, please feel free to contact us at research@neilsberg.com and we'll be happy to assist you further.

Explore more

Median household income of places that contain Franklin Park (in 2022 dollars)

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Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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