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The total population of Pennington is estimated to be 2,780 with 1,370 males (49.28%) and 1,410 females (50.72%). There are 40 more females than males in Pennington.
The median household income in Pennington was $152,679 in 2021, which marked an a decrease of 295(0.19%) from $152,974 in 2020. This income is 204.65% 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, Pennington sees its highest median household income among householders in the age group of 45 to 64 years old, at $210,198. Overall, the median household income for the borough of Pennington stands at $152,679.
In Pennington, the median income for all workers aged 15 years and older, regardless of work hours, was $96,945 for males and $61,054 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $115,137 for males and $90,500 for females.
In Pennington, there are just two different racial groups among households. Among these, Asian households report a median household income of $178,621, while White households have a median household income of $137,736.
In 2022, the population of Pennington was 2,784, a 0.43% decrease year-by-year from 2021. Previously, in 2021, Pennington's population was 2,796, a decline of 0.00% compared to a population of 2,796 in 2020.
The median age in Pennington, NJ is 47.8, as per 2021 ACS 5-Year Estimates. Of the total population, 18.01% were under the age of 15, 13.97% aged 15 to 29, 43.03% aged 30 to 64, 19.95% aged 65 to 84, and 5.04% were 85 years of age and older.
Racial distribution of Pennington population: 86.64% are White, 1.62% are Black or African American, 9.54% are Asian, 0.36% are some other race and 1.84% are multiracial.