Little Ferry, NJ median household income diversity
Based on our analysis of the distribution of Little Ferry population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 54.42% of the total residents in Little Ferry. Notably, the median household income for White households is $82,658.
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 $157,127. This reveals that, while Whites may be the most numerous in Little Ferry, 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).
In Little Ferry, a diversity of median household incomes is evident among households of different races. The Some Other Race households boast the highest median household income at about $157,127. Black or African American households have a median income of approximately $138,271. Asian households have a median income of approximately $83,532. White households have a median income of approximately $82,658. Conversely, Two or More Races households reveal the lowest median income at $45,544. These disparities underscore the varied income distribution within the borough of Little Ferry.
Little Ferry, NJ median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Little Ferry, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the borough of Little Ferry.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Little Ferry, the median household income for the households where the householder is White increased by $9,967(13.71%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $72,691 in 2011 and $82,658 in 2021.
- Black or African American: In Little Ferry, the median household income for the households where the householder is Black or African American increased by $100,116(262.39%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $38,155 in 2011 and $138,271 in 2021.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Little Ferry, 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 Little Ferry, the median household income for the households where the householder is Asian decreased by $599(0.71%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $84,131 in 2011 and $83,532 in 2021.
- 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 Little Ferry, the median household income for the households where the householder is Some other race increased by $73,224(87.27%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $83,903 in 2011 and $157,127 in 2021.
- Two or more races (multiracial): In Little Ferry, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $45,544(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 5 race households in Little Ferry. Households are categorized based on the self-identified race of the head of household.
Little Ferry 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 | $73,676 | $72,691 | $76,716 | $83,982 | $78,992 | $83,407 | $79,901 | $78,083 | $76,589 | $78,587 | $76,616 | $82,658 | N/A |
| Black or African American | $56,332 | $38,155 | $49,471 | $37,583 | $40,160 | $109,508 | $114,089 | $71,287 | $76,406 | $84,812 | N/A | $138,271 | N/A |
| American Indian and Alaska Native | N/A | N/A | $46,930 | $46,328 | $46,115 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asian | $84,044 | $84,131 | $92,007 | $90,938 | $86,871 | $82,244 | $67,881 | $61,944 | $69,291 | $63,631 | $78,884 | $83,532 | N/A |
| Some Other Race | $63,248 | $83,903 | $83,167 | $215,133 | $215,278 | $214,818 | $214,663 | $215,648 | $61,711 | N/A | $130,042 | $157,127 | N/A |
| Two or More Races | $109,272 | N/A | $109,204 | $70,497 | $35,356 | N/A | N/A | $32,413 | $34,341 | $65,191 | $58,673 | $45,544 | N/A |
Key observations: Households with Black or African American householders witnessed significant growth in median household income, marking an impressive increase of $100,116. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $599 in median income.