Cherry Hill Township, New Jersey Median Household Income By Race

Cherry Hill Township, New Jersey median household income diversity

Based on our analysis of the distribution of Cherry Hill township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 73.89% of the total residents in Cherry Hill township. Notably, the median household income for White households is $144,125.

Interestingly, White is both the largest group and the one with the highest median household income, which stands at $144,125.

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.

In Cherry Hill township, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $144,125. Two or More Races households have a median income of approximately $121,782. Black or African American households have a median income of approximately $95,082. Conversely, Asian households reveal the lowest median income at $86,021. These disparities underscore the varied income distribution within the township of Cherry Hill township.

Cherry Hill Township, New Jersey median household income trends across races

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

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

• White: In Cherry Hill township, the median household income for the households where the householder is White increased by $31,943(28.47%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $112,182 in 2012 and $144,125 in 2022.
• Black or African American: In Cherry Hill township, the median household income for the households where the householder is Black or African American decreased by $42,468(30.87%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $137,550 in 2012 and $95,082 in 2022.
• American Indian and Alaska Native: Even though there is a population where the householder is American Indian and Alaska Native, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
• Asian: In Cherry Hill township, the median household income for the households where the householder is Asian decreased by $24,495(22.16%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $110,516 in 2012 and $86,021 in 2022.
• 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 2012 and 2022.
• 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 2012 and 2022.
• Two or more races (multiracial): In Cherry Hill township, the median household income for the households where the householder is multiracial increased by $55,478(83.67%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $66,304 in 2012 and $121,782 in 2022.
• Above analysis reconfirms that there are 4 race households in Cherry Hill township. Households are categorized based on the self-identified race of the head of household.

Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $55,478. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $42,468 in median income.

Things to know

Which racial group has the highest median household income according to the Census Bureau in Cherry Hill Township, New Jersey?

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2022 1-Year Estimates, households with White householders in Cherry Hill township have the highest median household income at $144,125.

How does the median household income vary by race in Cherry Hill Township, New Jersey?

In Cherry Hill township, the median household income In Cherry Hill township, a diversity of median household incomes is evident among households of different races. The White households boast the highest median household income at about $144,125. Two or More Races households have a median income of approximately $121,782. Black or African American households have a median income of approximately $95,082. Conversely, Asian households reveal the lowest median income at $86,021. These disparities underscore the varied income distribution within the township of Cherry Hill township..

Which racial group has the lowest median household income according to the Census Bureau in Cherry Hill Township, New Jersey?

Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2022 1-Year Estimates, households headed by individuals identifying as Asian in Cherry Hill township exhibit the lowest median household income at $86,021 among the identified racial categories.

What is the median household income for White households in Cherry Hill Township, New Jersey?

In Cherry Hill township, the median household income for the households where the householder is White increased by $31,943(28.47%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $112,182 in 2012 and $144,125 in 2022.

What is the median household income for Black or African American households in Cherry Hill Township, New Jersey?

In Cherry Hill township, the median household income for the households where the householder is Black or African American decreased by $42,468(30.87%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $137,550 in 2012 and $95,082 in 2022.

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