Median Household Income by Racial Categories in North Hanover Township, New Jersey , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in North Hanover 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 | $88,146 |
| Some Other Race | $68,043 |
TABLE OF CONTENTS
North Hanover Township, New Jersey median household income diversity
Based on our analysis of the distribution of North Hanover township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 72.03% of the total residents in North Hanover township. Notably, the median household income for White households is $88,146.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $88,146.
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 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
As we explore median household incomes in North Hanover township, we observe that White households report a median income of about $88,146, while Some Other Race households earn around $68,043. These differences shed light on the income distribution within the township of North Hanover township.
North Hanover 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 North 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 North Hanover township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In North Hanover township, the median household income for the households where the householder is White increased by $5,401(6.53%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $82,745 in 2013 and $88,146 in 2023.
- Black or African American: In North Hanover township, the median household income for Black or African American households was $78,951 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
- 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 2013 and 2023.
- Asian: In North Hanover township, the median household income for Asian households was $50,150 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for North Hanover 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 North Hanover township, the median household income for the households where the householder is Some other race decreased by $30,786(31.15%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $98,829 in 2013 and $68,043 in 2023.
- Two or more races (multiracial): In North Hanover township, the median household income for multiracial households was $57,953 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
- Above analysis reconfirms that there are 2 race households in North Hanover township. Households are categorized based on the self-identified race of the head of household.
North Hanover township median household income by race betwen 2013 and 2023
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 2013 to 2023, 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 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $104,352 | $100,173 | $97,002 | $82,745 | $78,138 | $71,974 | $77,126 | $80,247 | $81,931 | $85,465 | $88,639 | $89,910 | $85,819 | $88,146 |
| Black or African American | $62,232 | $84,054 | $82,069 | $78,951 | $80,658 | $69,874 | $62,880 | $58,085 | $61,625 | $59,094 | $88,752 | $90,559 | $85,383 | N/A |
| American Indian and Alaska Native | N/A | N/A | $43,135 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asian | $69,515 | $70,993 | $51,770 | $50,150 | $50,073 | $58,453 | $53,912 | $62,221 | $70,755 | $68,148 | $131,115 | $128,495 | $110,633 | N/A |
| Some Other Race | N/A | $22,573 | $22,148 | $98,829 | $99,661 | $72,884 | $96,450 | $94,890 | $72,929 | $72,333 | $94,667 | $69,382 | $68,687 | $68,043 |
| Two or More Races | N/A | N/A | $58,121 | $57,953 | $60,820 | $60,797 | $59,230 | $68,327 | $89,232 | N/A | $72,858 | N/A | N/A | N/A |
Things to know
Which racial group has the highest median household income according to the Census Bureau in North Hanover Township, New Jersey?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with White householders in North Hanover township have the highest median household income at $88,146.
How does the median household income vary by race in North Hanover Township, New Jersey?
In North Hanover township, the median household income As we explore median household incomes in North Hanover township, we observe that White households report a median income of about $88,146, while Some Other Race households earn around $68,043. These differences shed light on the income distribution within the township of North Hanover township..
Which racial group has the lowest median household income according to the Census Bureau in North Hanover Township, New Jersey?
Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2019-2023 5-Year Estimates, households headed by individuals identifying as Some Other Race in North Hanover township exhibit the lowest median household income at $68,043 among the identified racial categories.
What is the median household income for White households in North Hanover Township, New Jersey?
In North Hanover township, the median household income for the households where the householder is White increased by $5,401(6.53%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $82,745 in 2013 and $88,146 in 2023.
What is the median household income for Black or African American households in North Hanover Township, New Jersey?
In North Hanover township, the median household income for Black or African American households was $78,951 in 2013(2023 inflation-adjusted dollars). However there is no reported data for 2023, indicating a lack of information for this specific year.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)
