New Hanover Township, Pennsylvania median household income diversity
Based on our analysis of the distribution of New Hanover township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 94.46% of the total residents in New Hanover township. Notably, the median household income for White households is $127,380.
Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $270,229. This reveals that, while Whites may be the most numerous in New Hanover township, Asian 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 New Hanover township, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $270,229. Black or African American households have a median income of approximately $128,697. White households have a median income of approximately $127,380. Conversely, Two or More Races households reveal the lowest median income at $2,701. These disparities underscore the varied income distribution within the township of New Hanover township.
New Hanover Township, Pennsylvania median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in New Hanover township, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the township of New Hanover township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In New Hanover township, the median household income for the households where the householder is White increased by $15,722(14.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $111,658 in 2011 and $127,380 in 2021.
- Black or African American: In New Hanover township, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $128,697(2022 inflation-adjusted dollars), marking a significant change.
- 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 New Hanover township, the median household income for the households where the householder is Asian increased by $158,027(140.84%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $112,202 in 2011 and $270,229 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: 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 2011 and 2021.
- Two or more races (multiracial): In New Hanover township, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $2,701(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 4 race households in New Hanover township. Households are categorized based on the self-identified race of the head of household.
New Hanover 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 | $119,202 | $111,658 | $113,827 | $111,053 | $108,649 | $106,236 | $111,149 | $106,022 | $110,042 | $115,735 | $128,556 | $127,380 | N/A |
| Black or African American | $165,441 | N/A | N/A | N/A | N/A | N/A | N/A | $135,293 | N/A | $127,567 | $129,925 | $128,697 | N/A |
| Asian | $103,811 | $112,202 | $122,771 | $186,306 | $187,639 | $188,542 | $195,574 | $225,943 | $194,356 | N/A | N/A | $270,229 | N/A |
| Two or More Races | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2,701 | N/A |
Key observations: Households with Asian householders witnessed significant growth in median household income, marking an impressive increase of $158,027. Among all racial categories, there was no instance of householders experiencing a decline in median household income, indicating a consistent or upward trend across all household demographics.