Median Household Income by Racial Categories in Lacey Township, New Jersey (2021, in 2022 inflation-adjusted dollars)
This table presents the median household income across different racial categories in Lacey township, 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 | $95,327 |
Asian | $100,741 |
Some Other Race | $125,613 |
TABLE OF CONTENTS
Lacey Township, New Jersey median household income diversity
Based on our analysis of the distribution of Lacey township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 94.48% of the total residents in Lacey township. Notably, the median household income for White households is $95,327.
Interestingly, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $125,613. This reveals that, while Whites may be the most numerous in Lacey township, Some Other Race 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).
As we explore median household incomes in Lacey township, we observe that Some Other Race households report a median income of about $125,613, Asian households report a median income of about $100,741 and White households earn roughly $95,327. These differences shed light on the income distribution within the township of Lacey township.
Lacey 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 Lacey township, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the township of Lacey township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Lacey township, the median household income for the households where the householder is White decreased by $2,005(2.06%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $97,332 in 2011 and $95,327 in 2021.
- Black or African American: Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- 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 2011 and 2021.
- Asian: In Lacey township, there was no reported median household income for Asian households in 2011. However, in 2021, the median household income increased to $100,741(2022 inflation-adjusted dollars), marking a significant change.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for Lacey township, 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 Lacey township, there was no reported median household income for Some other race households in 2011. However, in 2021, the median household income increased to $125,613(2022 inflation-adjusted dollars), marking a significant change.
- Two or more races (multiracial): Even though there is a population where the householder is multiracial, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Above analysis reconfirms that there are 3 race households in Lacey township. Households are categorized based on the self-identified race of the head of household.
Lacey township 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 | $98,055 | $97,332 | $91,801 | $89,675 | $88,716 | $88,406 | $91,806 | $94,353 | $96,741 | $97,069 | $97,357 | $95,327 | N/A |
Black or African American | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $70,909 | N/A | N/A | N/A | N/A |
Asian | $92,164 | N/A | N/A | N/A | N/A | N/A | $161,102 | N/A | N/A | N/A | N/A | $100,741 | N/A |
Some Other Race | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $125,448 | $125,613 | N/A |
Two or More Races | $137,185 | N/A | $136,233 | N/A | N/A | N/A | N/A | N/A | $111,270 | $112,190 | N/A | N/A | N/A |
Key observations: Households with Some other race householders witnessed significant growth in median household income, marking an impressive increase of $125,613. On the other hand, households where householder is White experienced a notable decline, with a decrease of $2,005 in median income.
Things to know
Which racial group has the highest median household income according to the Census Bureau in Lacey Township, New Jersey?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2017-2021 5-Year Estimates, households with Some Other Race householders in Lacey township have the highest median household income at $125,613.
How does the median household income vary by race in Lacey Township, New Jersey?
In Lacey township, the median household income As we explore median household incomes in Lacey township, we observe that Some Other Race households report a median income of about $125,613, Asian households report a median income of about $100,741 and White households earn roughly $95,327. These differences shed light on the income distribution within the township of Lacey township..
Which racial group has the lowest median household income according to the Census Bureau in Lacey Township, New Jersey?
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 White in Lacey township exhibit the lowest median household income at $95,327 among the identified racial categories.
What is the median household income for White households in Lacey Township, New Jersey?
In Lacey township, the median household income for the households where the householder is White decreased by $2,005(2.06%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $97,332 in 2011 and $95,327 in 2021.
What is the median household income for Black or African American households in Lacey Township, New Jersey?
Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)