Age of householder
Per the latest American Community Survey by the Census Bureau, Upper Deerfield township sees its highest median household income among householders in the age group of 65 years and over old, at $75,073. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Upper Deerfield township, the median household income stands at $75,073 for householders within the 65 years and over age group, followed by $73,677 for the 25 to 44 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $53,652.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $26,554(54.73%), escalating from a median of $48,519 in 2011 to $75,073 in 2021.
- 100(3.56%) households where the householder is under 25 years old.
- 721(25.64%) households with a householder aged between 25 and 44 years.
- 1,177(41.86%) households with a householder aged between 45 and 64 years.
- 814(28.95%) households where the householder is over 65 years old.
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Gender
In Upper Deerfield township, the population consists of 3,676 males (47.44%) and 4,072 females (52.56%). Here are the primary highlights from the gender-based income distribution analysis:
- In Upper Deerfield township, the median income for all workers aged 15 years and older, regardless of work hours, was $45,070 for males and $32,045 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $66,140 for males and $42,361 for females.
- In Upper Deerfield township, the median income for all workers aged 15 years and older, regardless of work hours, was $45,070 for males and $32,045 for females.
- In Upper Deerfield township, among full-time, year-round workers aged 15 years and older, males earned a median income of $66,140, while females earned $42,361, leading to a 36% gender pay gap among full-time workers. This illustrates that women earn 64 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Upper Deerfield township, the population is predominantly White, constituting 73.32% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $76,504.
- In Upper Deerfield township, White is both the largest group and the one with the highest median household income, which stands at $76,504.
- In Upper Deerfield township, the median household income for the households where the householder is White decreased by $189(0.25%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $76,693 in 2011 and $76,504 in 2021.
- In Upper Deerfield township, the median household income for the households where the householder is Black or African American increased by $5,756(12.59%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $45,702 in 2011 and $51,458 in 2021.
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Year by year
Upper Deerfield Township, New Jersey median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Upper Deerfield township decreased by $1,330 (1.84%), 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 8,180 (from $64,913 to $73,093). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 4,406 (from $63,956 to $59,550).
- It then further increased to $227,981 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4172, it is evident that income distribution in Upper Deerfield Township, New Jersey exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $77,631. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $35,013.
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