Median Household Income by Racial Categories in Readington Township, New Jersey (2021, in 2022 inflation-adjusted dollars)
This table presents the median household income across different racial categories in Readington 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 | $143,303 |
Asian | $193,111 |
Two or More Races | $125,748 |
TABLE OF CONTENTS
Readington Township, New Jersey median household income diversity
Based on our analysis of the distribution of Readington township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 87.48% of the total residents in Readington township. Notably, the median household income for White households is $143,303.
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 $193,111. This reveals that, while Whites may be the most numerous in Readington 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).
![Readington Township, New Jersey median household income diversity across racial categories The bar chart shows Readington Township, New Jersey median household income across all racial categories identified 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).](https://i.neilsberg.com/ch/readington-township-nj-median-household-income-by-race.jpeg)
As we explore median household incomes in Readington township, we observe that Asian households report a median income of about $193,111, White households report a median income of about $143,303 and Two or More Races households earn roughly $125,748. These differences shed light on the income distribution within the township of Readington township.
Readington 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 Readington township, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the township of Readington township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Readington township, the median household income for the households where the householder is White decreased by $22,788(13.72%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $166,091 in 2011 and $143,303 in 2021.
- Black or African American: In Readington township, the median household income for Black or African American households was $127,816 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, 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 2011 and 2021.
- Asian: In Readington township, the median household income for the households where the householder is Asian increased by $74,408(62.68%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $118,703 in 2011 and $193,111 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 Readington township, there was no reported median household income for multiracial households in 2011. However, in 2021, the median household income increased to $125,748(2022 inflation-adjusted dollars), marking a significant change.
- Above analysis reconfirms that there are 3 race households in Readington township. Households are categorized based on the self-identified race of the head of household.
![Readington Township, New Jersey median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars) Line chart showing Readington Township, New Jersey median household income trends for all racial categories identified by the U.S. Census Bureau. The chart illustrates income trends between 2011 and 2021, with incomes values adjusted for inflation using 2022 Consumer Price Index retroactive series using current methods. It provides insights into income disparities and variations across racial categories, aiding in data analysis and decision-making.](https://i.neilsberg.com/ch/readington-township-nj-median-household-income-by-race-trends.jpeg)
Readington 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 | $166,424 | $166,091 | $155,819 | $155,851 | $155,504 | $148,412 | $154,473 | $159,899 | $158,591 | $148,719 | $141,930 | $143,303 | N/A |
Black or African American | $162,486 | $127,816 | $128,268 | $122,088 | $121,102 | $119,131 | $119,741 | N/A | N/A | N/A | N/A | N/A | N/A |
Asian | $151,231 | $118,703 | $118,338 | $116,130 | $119,047 | N/A | $187,199 | $212,161 | $212,507 | $193,677 | $186,372 | $193,111 | N/A |
Some Other Race | N/A | N/A | N/A | N/A | $139,177 | N/A | N/A | $138,593 | $138,548 | N/A | N/A | N/A | N/A |
Two or More Races | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $299,404 | N/A | N/A | $126,098 | $125,748 | N/A |
Key observations: Households with multiracial householders witnessed significant growth in median household income, marking an impressive increase of $125,748. On the other hand, households where householder is Black or African American experienced a notable decline, with a decrease of $127,816 in median income.
Things to know
Which racial group has the highest median household income according to the Census Bureau in Readington 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 Asian householders in Readington township have the highest median household income at $193,111.
How does the median household income vary by race in Readington Township, New Jersey?
In Readington township, the median household income As we explore median household incomes in Readington township, we observe that Asian households report a median income of about $193,111, White households report a median income of about $143,303 and Two or More Races households earn roughly $125,748. These differences shed light on the income distribution within the township of Readington township..
Which racial group has the lowest median household income according to the Census Bureau in Readington 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 Two or More Races in Readington township exhibit the lowest median household income at $125,748 among the identified racial categories.
What is the median household income for White households in Readington Township, New Jersey?
In Readington township, the median household income for the households where the householder is White decreased by $22,788(13.72%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $166,091 in 2011 and $143,303 in 2021.
What is the median household income for Black or African American households in Readington Township, New Jersey?
In Readington township, the median household income for Black or African American households was $127,816 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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)