Bound Brook, NJ median household income diversity
Based on our analysis of the distribution of Bound Brook population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 58.65% of the total residents in Bound Brook. Notably, the median household income for White households is $84,940.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $84,940.
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 Bound Brook, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $84,940. Two or More Races households have a median income of approximately $79,518. Black or African American households have a median income of approximately $55,835. Conversely, Some Other Race households reveal the lowest median income at $50,938. These disparities underscore the varied income distribution within the borough of Bound Brook.
Bound Brook, NJ median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Bound Brook, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the borough of Bound Brook.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Bound Brook, the median household income for the households where the householder is White increased by $2,512(3.05%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $82,428 in 2011 and $84,940 in 2021.
- Black or African American: In Bound Brook, the median household income for the households where the householder is Black or African American increased by $4,434(8.63%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $51,401 in 2011 and $55,835 in 2021.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Bound Brook, 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: In Bound Brook, the median household income for Asian households was $58,557 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- 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 Bound Brook, the median household income for the households where the householder is Some other race decreased by $71,144(58.28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $122,082 in 2011 and $50,938 in 2021.
- Two or more races (multiracial): In Bound Brook, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $79,518(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 4 race households in Bound Brook. Households are categorized based on the self-identified race of the head of household.
Bound Brook 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 | $86,238 | $82,428 | $80,325 | $79,400 | $79,666 | $79,495 | $82,276 | $79,428 | $81,250 | $85,495 | $87,144 | $84,940 | N/A |
| Black or African American | $51,534 | $51,401 | $53,574 | $67,718 | $65,239 | $65,856 | $50,354 | $48,361 | $47,729 | $50,624 | $63,828 | $55,835 | N/A |
| Asian | $59,729 | $58,557 | $59,478 | $105,060 | $58,225 | N/A | $57,609 | $73,021 | $94,865 | $103,459 | $128,459 | N/A | N/A |
| Some Other Race | $126,348 | $122,082 | $122,147 | $121,065 | $53,864 | N/A | $85,396 | $86,684 | $85,488 | $68,073 | $46,539 | $50,938 | N/A |
| Two or More Races | $140,711 | N/A | $138,286 | $138,655 | $149,852 | N/A | $105,850 | $107,694 | $149,786 | $108,184 | $70,164 | $79,518 | N/A |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $79,518. On the other hand, households where householder is Some other race experienced a notable decline, with a decrease of $71,144 in median income.