Hamilton township, Mercer County, New Jersey median household income diversity
Based on our analysis of the distribution of Hamilton township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 73.13% of the total residents in Hamilton township. Notably, the median household income for White households is $96,056.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $96,056.
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.
As we explore median household incomes in Hamilton township, we observe that White households report a median income of about $96,056, Two or More Races households report a median income of about $77,645 and Black or African American households earn roughly $69,744. These differences shed light on the income distribution within the township of Hamilton township.
Hamilton township, Mercer County, New Jersey median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Hamilton township, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the township of Hamilton township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Hamilton township, the median household income for the households where the householder is White increased by $8,018(9.11%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $88,038 in 2012 and $96,056 in 2022.
- Black or African American: In Hamilton township, the median household income for the households where the householder is Black or African American increased by $7,506(12.06%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $62,238 in 2012 and $69,744 in 2022.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Hamilton township, 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 Hamilton township, the median household income for Asian households was $128,477 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, 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 2012 and 2022.
- Some other race: In Hamilton township, the median household income for Some other race households was $71,572 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
- Two or more races (multiracial): In Hamilton township, the median household income for the households where the householder is multiracial decreased by $48,971(38.68%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $126,616 in 2012 and $77,645 in 2022.
- Above analysis reconfirms that there are 3 race households in Hamilton township. Households are categorized based on the self-identified race of the head of household.
Hamilton township median household income by race betwen 2012 and 2022
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 2012 to 2022, 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 | $102,369 | $100,818 | $88,038 | $89,149 | $89,712 | $93,433 | $91,706 | $94,821 | $93,611 | $105,497 | N/A | $102,027 | $96,056 |
| Black or African American | $68,606 | $69,942 | $62,238 | $46,388 | $76,039 | $67,587 | $74,093 | $51,263 | $61,089 | $79,643 | N/A | $82,883 | $69,744 |
| American Indian and Alaska Native | N/A | $15,103 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asian | $110,055 | $226,032 | $128,477 | $87,509 | $158,229 | $140,205 | $118,785 | $128,013 | $94,243 | $178,815 | N/A | $126,895 | N/A |
| Some Other Race | $36,254 | $105,328 | $71,572 | N/A | $93,148 | N/A | $105,174 | N/A | $86,482 | $95,005 | N/A | $98,776 | N/A |
| Two or More Races | N/A | $92,676 | $126,616 | N/A | $87,918 | N/A | N/A | $82,536 | N/A | $87,586 | N/A | $82,919 | $77,645 |
Key observations: Households with White householders witnessed significant growth in median household income, marking an impressive increase of $8,018. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $128,477 in median income.