New Jersey Median Household Income By Race

New Jersey median household income diversity

Based on our analysis of the distribution of New Jersey population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 62.68% of the total residents in New Jersey. Notably, the median household income for White households is $105,428.

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 $144,878. This reveals that, while Whites may be the most numerous in New Jersey, 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.

In New Jersey, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $144,878. Native Hawaiian and Other Pacific Islander households have a median income of approximately $127,577. White households have a median income of approximately $105,428. Two or More Races households have a median income of approximately $84,272. American Indian and Alaska Native households have a median income of approximately $74,433. Some Other Race households have a median income of approximately $67,237. Conversely, Black or African American households reveal the lowest median income at $65,850. These disparities underscore the varied income distribution within the state of New Jersey.

New Jersey median household income trends across races

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

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

• White: In New Jersey, the median household income for the households where the householder is White increased by $10,315(10.84%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $95,113 in 2012 and $105,428 in 2022.
• Black or African American: In New Jersey, the median household income for the households where the householder is Black or African American increased by $7,807(13.45%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $58,043 in 2012 and $65,850 in 2022.
• American Indian and Alaska Native: In New Jersey, the median household income for the households where the householder is American Indian and Alaska Native increased by $18,378(32.79%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $56,055 in 2012 and $74,433 in 2022.
• Asian: In New Jersey, the median household income for the households where the householder is Asian increased by $15,958(12.38%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $128,920 in 2012 and $144,878 in 2022.
• Native Hawaiian and Other Pacific Islander: In New Jersey, there was no reported median household income for Native Hawaiian and Other Pacific Islander households in 2012. However, in 2022, the median household income increased to $127,577, marking a significant change.
• Some other race: In New Jersey, the median household income for the households where the householder is Some other race increased by $10,151(17.78%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $57,086 in 2012 and $67,237 in 2022.
• Two or more races (multiracial): In New Jersey, the median household income for the households where the householder is multiracial increased by $13,447(18.99%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $70,825 in 2012 and $84,272 in 2022.
• Above analysis reconfirms that there are 7 race households in New Jersey. Households are categorized based on the self-identified race of the head of household.

Key observations: Households with Native Hawaiian and Other Pacific Islander householders witnessed significant growth in median household income, marking an impressive increase of $127,577. 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.

Things to know

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

Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2022 1-Year Estimates, households with Asian householders in New Jersey have the highest median household income at $144,878.

How does the median household income vary by race in New Jersey?

In New Jersey, the median household income In New Jersey, a diversity of median household incomes is evident among households of different races. The Asian households boast the highest median household income at about $144,878. Native Hawaiian and Other Pacific Islander households have a median income of approximately $127,577. White households have a median income of approximately $105,428. Two or More Races households have a median income of approximately $84,272. American Indian and Alaska Native households have a median income of approximately $74,433. Some Other Race households have a median income of approximately $67,237. Conversely, Black or African American households reveal the lowest median income at $65,850. These disparities underscore the varied income distribution within the state of New Jersey..

Which racial group has the lowest median household income according to the Census Bureau in 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 Black or African American in New Jersey exhibit the lowest median household income at $65,850 among the identified racial categories.

What is the median household income for White households in New Jersey?

In New Jersey, the median household income for the households where the householder is White increased by $10,315(10.84%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $95,113 in 2012 and $105,428 in 2022.

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

In New Jersey, the median household income for the households where the householder is Black or African American increased by $7,807(13.45%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $58,043 in 2012 and $65,850 in 2022.

References