Shrewsbury Township, New Jersey median household income diversity
Based on our analysis of the distribution of Shrewsbury township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 48.72% of the total residents in Shrewsbury township. Notably, the median household income for White households is $94,670.
Interestingly, White is both the largest group and the one with the highest median household income, which stands at $94,670.
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).
As we explore median household incomes in Shrewsbury township, we observe that White households report a median income of about $94,670, Black or African American households report a median income of about $93,904 and Some Other Race households earn roughly $66,956. These differences shed light on the income distribution within the township of Shrewsbury township.
Shrewsbury 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 Shrewsbury township, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the township of Shrewsbury township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Shrewsbury township, the median household income for the households where the householder is White increased by $11,829(14.28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $82,841 in 2011 and $94,670 in 2021.
- Black or African American: In Shrewsbury township, the median household income for the households where the householder is Black or African American increased by $40,412(75.55%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,492 in 2011 and $93,904 in 2021.
- American Indian and Alaska Native: The U.S. Census Bureau population data for Shrewsbury township, 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 Shrewsbury township, the median household income for Asian households was $61,456 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, 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 Shrewsbury 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 Shrewsbury township, the median household income for the households where the householder is Some other race increased by $63,688(1948.84%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $3,268 in 2011 and $66,956 in 2021.
- Two or more races (multiracial): Even though there is a population where the householder is multiracial, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Above analysis reconfirms that there are 3 race households in Shrewsbury township. Households are categorized based on the self-identified race of the head of household.
Shrewsbury 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 | $76,213 | $82,841 | $73,259 | $71,036 | $72,818 | $68,719 | $70,928 | $71,040 | $73,943 | $77,185 | $92,252 | $94,670 | N/A |
| Black or African American | $50,177 | $53,492 | $54,288 | $50,612 | $39,668 | $38,493 | N/A | $67,366 | $48,711 | $87,552 | $95,216 | $93,904 | N/A |
| Asian | $59,420 | $61,456 | $66,842 | $52,834 | $53,907 | $35,463 | N/A | N/A | N/A | $66,597 | $67,847 | N/A | N/A |
| Some Other Race | N/A | $3,268 | $49,631 | $3,153 | $3,101 | $72,095 | N/A | $59,881 | N/A | N/A | N/A | $66,956 | N/A |
Key observations: Households with Some other race householders witnessed significant growth in median household income, marking an impressive increase of $63,688. On the other hand, households where householder is Asian experienced a notable decline, with a decrease of $61,456 in median income.