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The total population of Hanover township is estimated to be 14,602 with 6,941 males (47.53%) and 7,661 females (52.47%). There are 720 more females than males in Hanover township.
The median household income in Hanover township was $143,289 in 2021, which marked an an increase of 783(0.55%) from $142,506 in 2020. This income is 192.06% 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, Hanover township sees its highest median household income among householders in the age group of 25 to 44 years old, at $180,728. Overall, the median household income for the township of Hanover township stands at $143,289.
In Hanover township, the median income for all workers aged 15 years and older, regardless of work hours, was $80,952 for males and $57,648 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $115,059 for males and $96,260 for females.
In Hanover township, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Some Other Race households have the highest median household income at $228,258, while White households represent the opposite end with the lowest median household income of $137,840.
In 2022, the population of Hanover township was 14,646, a 0.14% decrease year-by-year from 2021. Previously, in 2021, Hanover township's population was 14,667, an increase of 0.16% compared to a population of 14,644 in 2020.
The median age in Hanover Township, New Jersey is 47.6, as per 2021 ACS 5-Year Estimates. Of the total population, 15.79% were under the age of 15, 13.82% aged 15 to 29, 49.70% aged 30 to 64, 17.00% aged 65 to 84, and 3.69% were 85 years of age and older.
Racial distribution of Hanover township population: 77.90% are White, 1.62% are Black or African American, 15.81% are Asian, 1.23% are some other race and 3.44% are multiracial.