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The total population of Medford township is estimated to be 24,388 with 12,323 males (50.53%) and 12,065 females (49.47%). There are 258 less females than males in Medford township.
The median household income in Medford township was $154,484 in 2021, which marked an an increase of 2,874(1.90%) from $151,610 in 2020. This income is 207.07% 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, Medford township sees its highest median household income among householders in the age group of 45 to 64 years old, at $199,695. Overall, the median household income for the township of Medford township stands at $154,484.
In Medford township, the median income for all workers aged 15 years and older, regardless of work hours, was $89,487 for males and $46,083 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $133,058 for males and $84,382 for females.
In Medford township, there are just three different racial groups among households. Among these, Asian households report a median household income of $234,100, followed by Two or More Races households at $203,166, and White households with a median household income of $150,140.
In 2022, the population of Medford township was 24,603, a 0.41% increase year-by-year from 2021. Previously, in 2021, Medford township's population was 24,503, an increase of 0.11% compared to a population of 24,477 in 2020.
The median age in Medford Township, New Jersey is 47.4, as per 2021 ACS 5-Year Estimates. Of the total population, 15.79% were under the age of 15, 15.66% aged 15 to 29, 47.32% aged 30 to 64, 17.85% aged 65 to 84, and 3.38% were 85 years of age and older.
Racial distribution of Medford township population: 92.24% are White, 1.13% are Black or African American, 0.03% are American Indian and Alaska Native, 2.46% are Asian, 0.31% are some other race and 3.82% are multiracial.