Gender
In Hamilton township, the population consists of 45,465 males (49.66%) and 46,092 females (50.34%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hamilton township, the median income for all workers aged 15 years and older, regardless of work hours, was $54,018 for males and $40,154 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,837 for males and $56,334 for females.
- In Hamilton township, the median income for all workers aged 15 years and older, regardless of work hours, was $54,018 for males and $40,154 for females.
- In Hamilton township, among full-time, year-round workers aged 15 years and older, males earned a median income of $68,837, while females earned $56,334, leading to a 18% gender pay gap among full-time workers. This illustrates that women earn 82 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Hamilton township, the population is predominantly White, constituting 73.13% 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 $96,056.
- In Hamilton township, White is both the largest group and the one with the highest median household income, which stands at $96,056.
- In Hamilton township, the median household income for the households where the householder is White increased by $8,018(9.11%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $88,038 in 2012 and $96,056 in 2022.
- In Hamilton township, the median household income for the households where the householder is Black or African American increased by $7,506(12.06%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $62,238 in 2012 and $69,744 in 2022.
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Year by year
Hamilton township, Mercer County, New Jersey median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hamilton township decreased by $5,647 (5.81%), 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 2019 to 2020, when the median household income increased by 2,424 (from $89,764 to $92,188). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 3,433 (from $96,592 to $93,159).
- 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 0.462, it is evident that income distribution in Hamilton township, Mercer County, New Jersey exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $106,886. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $39,523.
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