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The total population of Elk township is estimated to be 4,408 with 2,158 males (48.96%) and 2,250 females (51.04%). There are 92 more females than males in Elk township.
The median household income in Elk township was $136,060 in 2021, which marked an an increase of 4,278(3.25%) from $131,782 in 2020. This income is 182.37% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Elk township sees its highest median household income among householders in the age group of 45 to 64 years old, at $179,143. Overall, the median household income for the township of Elk township stands at $136,060.
In Elk township, the median income for all workers aged 15 years and older, regardless of work hours, was $54,099 for males and $31,421 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,525 for males and $78,366 for females.
In Elk township, there are just two different racial groups among households. Among these, White households report a median household income of $146,944, while Black or African American households have a median household income of $69,865.
In 2022, the population of Elk township was 4,459, a 0.81% increase year-by-year from 2021. Previously, in 2021, Elk township's population was 4,423, a decline of 0.00% compared to a population of 4,423 in 2020.
The median age in Elk Township, New Jersey is 44.3, as per 2021 ACS 5-Year Estimates. Of the total population, 16.12% were under the age of 15, 16.75% aged 15 to 29, 51.46% aged 30 to 64, 12.42% aged 65 to 84, and 3.25% were 85 years of age and older.
Racial distribution of Elk township population: 80.73% are White, 12.15% are Black or African American, 0.59% are Asian, 2.75% are some other race and 3.79% are multiracial.