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The total population of Millburn township is estimated to be 21,699 with 10,831 males (49.91%) and 10,868 females (50.09%). There are 37 more females than males in Millburn township.
The median household income in Millburn township was $270,229 in 2021, which marked an a decrease of 13,057(4.61%) from $283,286 in 2020. This income is 362.21% 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, Millburn township sees its highest median household income among householders in the age group of 25 to 44 years old, at $270,229. Overall, the median household income for the township of Millburn township stands at $270,229.
In Millburn township, the median income for all workers aged 15 years and older, regardless of work hours, was $180,684 for males and $73,951 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $240,034 for males and $137,688 for females.
In Millburn township, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, White 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 $270,229.
In 2022, the population of Millburn township was 21,863, a 0.72% decrease year-by-year from 2021. Previously, in 2021, Millburn township's population was 22,022, an increase of 1.85% compared to a population of 21,623 in 2020.
The median age in Millburn Township, New Jersey is 41.3, as per 2021 ACS 5-Year Estimates. Of the total population, 25.54% were under the age of 15, 12.56% aged 15 to 29, 48.54% aged 30 to 64, 12.09% aged 65 to 84, and 1.28% were 85 years of age and older.
Racial distribution of Millburn township population: 58.16% are White, 1.41% are Black or African American, 32.21% are Asian, 0.21% are Native Hawaiian and other Pacific Islander, 3.55% are some other race and 4.46% are multiracial.