All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Gender
In Trenton, the population consists of 44,225 males (49.09%) and 45,872 females (50.91%). Here are the primary highlights from the gender-based income distribution analysis:
- In Trenton, the median income for all workers aged 15 years and older, regardless of work hours, was $36,414 for males and $26,737 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,644 for males and $38,557 for females.
- In Trenton, the median income for all workers aged 15 years and older, regardless of work hours, was $36,414 for males and $26,737 for females.
- In Trenton, among full-time, year-round workers aged 15 years and older, males earned a median income of $52,644, while females earned $38,557, leading to a 27% gender pay gap among full-time workers. This illustrates that women earn 73 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Trenton, the population is predominantly Black or African American, constituting 49.06% 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 $38,545.
- In Trenton, despite the Black or African American population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $136,176. This reveals that, while Black or African Americans may be the most numerous in Trenton, Asian households experience greater economic prosperity in terms of median household income.
- In Trenton, the median household income for the households where the householder is White increased by $22,520(55.57%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $40,523 in 2012 and $63,043 in 2022.
- In Trenton, the median household income for the households where the householder is Black or African American decreased by $655(1.67%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $39,200 in 2012 and $38,545 in 2022.
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Year by year
Trenton, NJ median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Trenton decreased by $6,453 (13.07%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 1,279 (from $40,649 to $41,928). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 2,018 (from $46,256 to $44,238).
- It then further increased to $149,926 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.499, it is evident that income distribution in Trenton, NJ exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $72,866. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $26,177.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)