Age of householder
Per the latest American Community Survey by the Census Bureau, Lawnside sees its highest median household income among householders in the age group of 45 to 64 years old, at $127,866. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Lawnside, the median household income stands at $127,866 for householders within the 45 to 64 years age group, followed by $72,962 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $60,187.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $49,584(63.34%), escalating from a median of $78,282 in 2011 to $127,866 in 2021.
- 10(0.83%) households where the householder is under 25 years old.
- 268(22.24%) households with a householder aged between 25 and 44 years.
- 447(37.10%) households with a householder aged between 45 and 64 years.
- 480(39.83%) households where the householder is over 65 years old.
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Gender
In Lawnside, the population consists of 1,363 males (45.74%) and 1,617 females (54.26%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lawnside, the median income for all workers aged 15 years and older, regardless of work hours, was $41,955 for males and $39,724 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,678 for males and $70,211 for females.
- In Lawnside, the median income for all workers aged 15 years and older, regardless of work hours, was $41,955 for males and $39,724 for females.
- In Lawnside, among full-time, year-round workers aged 15 years and older, males earned a median income of $63,678, while females earned $70,211
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Race
In Lawnside, the population is predominantly Black or African American, constituting 77.28% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $76,339.
- In Lawnside, despite the Black or African American population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $79,021. This reveals that, while Black or African Americans may be the most numerous in Lawnside, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Lawnside, the median household income for White households was $56,464 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- In Lawnside, the median household income for the households where the householder is Black or African American decreased by $569(0.74%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $76,908 in 2011 and $76,339 in 2021.
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Year by year
Lawnside, NJ median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lawnside increased by $856 (1.13%), 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 2016 to 2017, when the median household income increased by 4,708 (from $72,063 to $76,771). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 5,416 (from $75,652 to $70,236).
- It then further increased to $79,922 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4723, it is evident that income distribution in Lawnside, NJ exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $105,181. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $26,263.
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