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The total population of Merchantville is estimated to be 3,800 with 1,930 males (50.79%) and 1,870 females (49.21%). There are 60 less females than males in Merchantville.
The median household income in Merchantville was $81,682 in 2021, which marked an a decrease of 10,882(11.76%) from $92,564 in 2020. This income is 109.48% 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, Merchantville sees its highest median household income among householders in the age group of 25 to 44 years old, at $116,935. Overall, the median household income for the borough of Merchantville stands at $81,682.
In Merchantville, the median income for all workers aged 15 years and older, regardless of work hours, was $46,642 for males and $34,557 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $66,833 for males and $60,110 for females.
In Merchantville, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $270,229, while Two or More Races households represent the opposite end with the lowest median household income of $36,678.
In 2022, the population of Merchantville was 3,812, a 0.03% decrease year-by-year from 2021. Previously, in 2021, Merchantville's population was 3,813, a decline of 0.05% compared to a population of 3,815 in 2020.
The median age in Merchantville, NJ is 38.5, as per 2021 ACS 5-Year Estimates. Of the total population, 15.85% were under the age of 15, 21.83% aged 15 to 29, 43.80% aged 30 to 64, 17.20% aged 65 to 84, and 1.32% were 85 years of age and older.
Racial distribution of Merchantville population: 60.76% are White, 14.70% are Black or African American, 4.87% are Asian, 5.19% are some other race and 14.49% are multiracial.