Sep 1, 2017.
No real change in years. US household income by race, up to 2015
(Click on the image to enlarge) Over this labor day, it’s good time to review what the US labor earns.
US household income is relatively flat for more than fifteen years for all races. After peaking in late 1990s, there has been no increase, especially in the last ten recession years. Despite a 5.2% annual increase in 2015, it was still 2.4% lower than the peak in 1999. This is true across all races with Blacks and Hispanics showing a larger gap to the historic peak.
Asian households in US have an almost 40% higher median income. This can be partly explained by their concentration in highly educated tech jobs. Also, the stringent immigration laws prevent any lower income workers from Asia to immigrate (those tend to go to Latin & South American Hispanic population). A strong focus on education & concentration in urban high income neighborhoods also skews the Asian household income.
Blacks have almost 30% & Hispanic households about 20% lower income than the US median. In fact, Asian household income is more than double the Black households, which have a strong concentration in lower income areas including the poorer southern states. Concentration into inner cities, lower education, and much higher proportion of single family households also plays against Black households. Hispanic families suffer from a generational bias, with majority of them or their parents starting out in lower paying jobs.
What this data doesn’t show is that Northeast & West US, at about $62,000 have more than 20% higher income than Southern US & about 10% higher than Midwest. The incomes in Metropolitan areas, at $64,000 are almost 50% more than outside regions. Additionally, households aged 45-54 years have peak income at $74,000 and naturalized citizens have, at $62,000, 20% more income than native born & 40% more than non-citizen households.
Source: Income & Poverty in the United States, 2015 from www.census.gov.
Previous charts-of-the-day:
Sep 06, 2017 – Foreign direct investment to India (2012-2017)
Sep 05, 2017 – no chart
Sep 04, 2017 – US productivity change (percent, non-farm businesses, by year, 2000-2016)
Sep 03, 2017 – Unemployment rate & labor participation rates, 1997-2017
Sep 02, 2017 – Earnings of men & women, up to 2015
Sep 01, 2017 – US household income trend, 2015
Aug 31, 2017 – Projected growth in fastest growing occupations, 2014-2024
Sep 01, 2017 – US household income trend, 2015
Aug 31, 2017 – Projected growth in fastest growing occupations, 2014-2024
Aug 30, 2017 – US median salaries for fastest growing occupations in next 10 years, 2016
Aug 29, 2017 – US household – time spent in daily chores, 2016
Aug 28, 2017 – US household leisure & sports time, 2016
Aug 27, 2017 – Peak earning vs age, 2010-2016
Aug 26, 2017 – Price change for TVs, Computer, Internet, Cable & Software, 1996-2015
Aug 25, 2017 – Number of rental units in Silicon Forest, Tanasbourne, Portland Metro
Aug 24, 2017 – Vacancy rates, for rental & homeowner houses (1980-2015)
Aug 23, 2017 – Rate of homeownership & number of renters, 1990-2015
Aug 22, 2017 – Comparison of $100k with mortgage vs S&P vs rent, $100k from Jan 2010 to Jun 2017
Aug 21, 2017 – no chart
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Aug 20, 2017 – Construction productivity vs other industries (The Economist)
Aug 19, 2017 – no chart
Aug 18, 2017 – no chart
Aug 17, 2017 – Worth of money in parallel worlds (with housing leverage), $100k from Jan 2010 to Jun 2017
Aug 16, 2017 – no chart
Aug 15, 2017 – Worth of money in parallel worlds (long term trend), starting with $100k in Jun 1996
Aug 14, 2017 – Worth of money in parallel worlds, value of $100k invested in Jan 2010 worth in Jun 2017
Aug 13, 2017 – US consumer price index (cost-of-living index or inflation) – (2007-2017)
Aug 12, 2017 – US unemployment rate & wage growth (2010-2017)
Aug 11, 2017 – US home price change by state (1976-2017 & 2016-2017)
Aug 10, 2017 – Inflation plotted with US Treasury & Mortgage rates (2010-2016)
Aug 9, 2017 – US Treasury and Mortgage rates (2010-2016)
Aug 8, 2017 – Household credit score versus time (2001-2016)
Aug 7, 2017 – Monthly mortgage payment across key US metro regions (2012-2016)
Aug 6, 2017 – Good time to buy or good time to sell? Fannie Mae’s monthly Home Purchase Sentiment Index (R)
Aug 5, 2017 – Buy versus Rent – Trulia’s calculator (Apr 2017)
Aug 4, 2017 – Annual change in US home prices across top 20 cities (May 2011- May 2017)
Aug 3, 2017 – Best time to get a deal: time period when best discounts are available in housing market
Aug 2, 2017 – Clark County, Washington state (Portland Metro area, OR) single family home prices (2012-2017)
Aug 1, 2017 – Multnomah County (Portland Metro area, OR) single family home prices (2012-2017)
July 31, 2017 – Washington County (Portland Metro area, OR) single family home prices (2012-2017)
July 28, 2017 – US home prices 1890-present
July 27, 2017 – Median house price for Portland Metro neighborhoods
July 26, 2017 – Average rent for Portland Metro region
July 25, 2017 – Path of total solar eclipse through Oregon
July 24, 2017 – Portland metro area household income by region