Age of householder
Per the latest American Community Survey by the Census Bureau, East Newark sees its highest median household income among householders in the age group of 45 to 64 years old, at $82,261. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in East Newark, where there exist only two delineated age groups, the median household income is $82,261 for householders within the 45 to 64 years age group, compared to $63,678 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $7,402(9.89%), escalating from a median of $74,859 in 2011 to $82,261 in 2021.
- 4(0.45%) households where the householder is under 25 years old.
- 221(25.03%) households with a householder aged between 25 and 44 years.
- 419(47.45%) households with a householder aged between 45 and 64 years.
- 239(27.07%) households where the householder is over 65 years old.
Read more about East Newark, NJ median household income by age ➔
Gender
In East Newark, the population consists of 1,384 males (45.81%) and 1,637 females (54.19%). Here are the primary highlights from the gender-based income distribution analysis:
- In East Newark, the median income for all workers aged 15 years and older, regardless of work hours, was $38,001 for males and $18,326 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,523 for males and $32,358 for females.
- In East Newark, the median income for all workers aged 15 years and older, regardless of work hours, was $38,001 for males and $18,326 for females.
- In East Newark, among full-time, year-round workers aged 15 years and older, males earned a median income of $47,523, while females earned $32,358, leading to a 32% gender pay gap among full-time workers. This illustrates that women earn 68 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
Read more about East Newark, NJ income by gender ➔
Race
In East Newark, the population is predominantly some other race, constituting 44.46% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for some other race households is not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
- In East Newark, despite the some other race population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that White households actually reports the highest median household income, with a median income of $69,209. This reveals that, while some other races may be the most numerous in East Newark, White households experience greater economic prosperity in terms of median household income.
- In East Newark, the median household income for the households where the householder is White decreased by $7,938(10.29%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $77,147 in 2011 and $69,209 in 2021.
- In East Newark, the median household income for Black or African American households was $76,275 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
Read more about East Newark, NJ median household income by race ➔
Year by year
East Newark, NJ median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for East Newark decreased by $8,928 (12.09%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 11,039 (from $61,169 to $72,208). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 10,938 (from $75,425 to $64,487).
- It then further increased to $201,688 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4903, it is evident that income distribution in East Newark, NJ exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $65,179. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
Read more about East Newark, NJ median household income ➔