Gender
In Gloucester township, the population consists of 31,719 males (48.35%) and 33,883 females (51.65%). Here are the primary highlights from the gender-based income distribution analysis:
- In Gloucester township, the median income for all workers aged 15 years and older, regardless of work hours, was $48,048 for males and $35,721 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $64,682 for males and $67,057 for females.
- In Gloucester township, the median income for all workers aged 15 years and older, regardless of work hours, was $48,048 for males and $35,721 for females.
- In Gloucester township, among full-time, year-round workers aged 15 years and older, males earned a median income of $64,682, while females earned $67,057
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Race
In Gloucester township, the population is predominantly White, constituting 70.23% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $86,479.
- In Gloucester township, 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 $147,730. This reveals that, while Whites may be the most numerous in Gloucester township, Asian households experience greater economic prosperity in terms of median household income.
- In Gloucester township, the median household income for the households where the householder is White decreased by $1,126(1.29%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $87,605 in 2012 and $86,479 in 2022.
- In Gloucester township, the median household income for the households where the householder is Black or African American decreased by $11,953(12.01%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $99,560 in 2012 and $87,607 in 2022.
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Year by year
Gloucester Township, New Jersey median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Gloucester township decreased by $2,366 (2.41%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 2,770 (from $91,918 to $94,688). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 5,305 (from $98,050 to $92,745).
- It then further decreased to -666,666,666 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4002, it is evident that income distribution in Gloucester Township, New Jersey exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $93,965. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $51,524.
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