Age of householder
Per the latest American Community Survey by the Census Bureau, Hi-Nella sees its highest median household income among householders in the age group of 45 to 64 years old, at $86,473. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hi-Nella, householders within the 45 to 64 years age group have the highest median household income at $86,473, followed by those in the 25 to 44 years age group with an income of $62,603. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $55,532. Notably, householders within the under 25 years age group, had the lowest median household income at $47,877.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $20,767(31.61%), escalating from a median of $65,706 in 2011 to $86,473 in 2021.
- 39(9.95%) households where the householder is under 25 years old.
- 128(32.65%) households with a householder aged between 25 and 44 years.
- 158(40.31%) households with a householder aged between 45 and 64 years.
- 67(17.09%) households where the householder is over 65 years old.
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Gender
In Hi-Nella, the population consists of 461 males (50.22%) and 457 females (49.78%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hi-Nella, the median income for all workers aged 15 years and older, regardless of work hours, was $45,015 for males and $32,427 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $66,657 for males and $41,661 for females.
- In Hi-Nella, the median income for all workers aged 15 years and older, regardless of work hours, was $45,015 for males and $32,427 for females.
- In Hi-Nella, among full-time, year-round workers aged 15 years and older, males earned a median income of $66,657, while females earned $41,661, leading to a 37% gender pay gap among full-time workers. This illustrates that women earn 63 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.
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Race
In Hi-Nella, the population is predominantly White, constituting 60.57% 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 $65,305.
- In Hi-Nella, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $90,352. This reveals that, while Whites may be the most numerous in Hi-Nella, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Hi-Nella, the median household income for the households where the householder is White increased by $4,326(7.09%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $60,979 in 2011 and $65,305 in 2021.
- In Hi-Nella, the median household income for the households where the householder is Black or African American decreased by $18,479(31.68%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $58,338 in 2011 and $39,859 in 2021.
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Year by year
Hi-Nella, NJ median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hi-Nella increased by $1,403 (2.29%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 7,532 (from $58,049 to $65,581). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 5,775 (from $58,957 to $53,182).
- It then further increased to $124,756 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3417, it is evident that income distribution in Hi-Nella, NJ exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $80,168. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $47,601.
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