Median Household Income by Racial Categories in West Caldwell Township, New Jersey , in 2023 inflation-adjusted dollars
This table presents the median household income across different racial categories in West Caldwell township, based on the latest 5-Year estimates from the American Community Survey , when adjusted for the inflation.
| Race Of The Head Of Household | Median Household Income |
|---|---|
| White | $154,002 |
| Black or African American | $201,250 |
| Asian | $182,083 |
| Some Other Race | $176,250 |
| Two or More Races | $137,803 |
TABLE OF CONTENTS
West Caldwell Township, New Jersey median household income diversity
Based on our analysis of the distribution of West Caldwell township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 81.95% of the total residents in West Caldwell township. Notably, the median household income for White households is $154,002.
Interestingly, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $201,250. This reveals that, while Whites may be the most numerous in West Caldwell township, Black or African American households experience greater economic prosperity in terms of median household income.
For a better visual representation of these income disparities, take a look at the bar chart below. It illustrates the varying median household incomes across races, providing a clear comparison for each of the racial categories defined by the U.S. Census Bureau. All incomes have been adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
In West Caldwell township, a diversity of median household incomes is evident among households of different races. The Black or African American households boast the highest median household income at about $201,250. Asian households have a median income of approximately $182,083. Some Other Race households have a median income of approximately $176,250. White households have a median income of approximately $154,002. Conversly, Two or More Races households reveal the lowest median income at $137,803. These disparities underscore the varied income distribution within the township of West Caldwell township.
West Caldwell Township, New Jersey median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in West Caldwell township, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the township of West Caldwell township.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In West Caldwell township, the median household income for the households where the householder is White increased by $26,842(21.11%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $127,160 in 2013 and $154,002 in 2023.
- Black or African American: In West Caldwell township, the median household income for the households where the householder is Black or African American increased by $197,967(6030.06%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $3,283 in 2013 and $201,250 in 2023.
- American Indian and Alaska Native: The U.S. Census Bureau population data for West Caldwell township, indicates a lack of households led by American Indian and Alaska Native individuals. As a result, the median household income for the American Indian and Alaska Native population is not available.
- Asian: In West Caldwell township, the median household income for the households where the householder is Asian increased by $33,466(22.52%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $148,617 in 2013 and $182,083 in 2023.
- Native Hawaiian and Other Pacific Islander: According to the U.S. Census Bureau population data for West Caldwell township, there are no households with Native Hawaiian and Other Pacific Islander householders. Consequently, the median household income for the Native Hawaiian and Other Pacific Islander population is not available.
- Some other race: In West Caldwell township, there was no reported median household income for Some other race households in 2013. However, in 2023, the median household income increased to $176,250, marking a significant change.
- Two or more races (multiracial): In West Caldwell township, there was no reported median household income for multiracial households in 2013. However, in 2023, the median household income increased to $137,803, marking a significant change.
- Above analysis reconfirms that there are 5 race households in West Caldwell township. Households are categorized based on the self-identified race of the head of household.
West Caldwell township median household income by race betwen 2013 and 2023
Explore the evolution of median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau. This table showcases the annual income trends, from 2013 to 2023, providing insights into the economic shifts within diverse racial communities.
| Race Of The Head Of Household | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $144,953 | $141,284 | $138,436 | $127,160 | $127,520 | $125,044 | $127,923 | $131,766 | $142,321 | $147,655 | $154,030 | $153,023 | $154,304 | $154,002 |
| Black or African American | $3,511 | $3,402 | $3,333 | $3,283 | N/A | $275,964 | N/A | N/A | N/A | $200,260 | $210,975 | $209,625 | $209,304 | $201,250 |
| Asian | $143,714 | $166,875 | $169,204 | $148,617 | $149,039 | $149,070 | $146,731 | $127,472 | $189,250 | $190,360 | $263,262 | $266,720 | $181,070 | $182,083 |
| Some Other Race | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $229,172 | $176,250 |
| Two or More Races | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $102,183 | $104,009 | $115,456 | $137,803 |
Things to know
Which racial group has the highest median household income according to the Census Bureau in West Caldwell Township, New Jersey?
Among the racial categories identified by the U.S. Census Bureau, and the American Community Survey 2019-2023 5-Year Estimates, households with Black or African American householders in West Caldwell township have the highest median household income at $201,250.
How does the median household income vary by race in West Caldwell Township, New Jersey?
In West Caldwell township, the median household income In West Caldwell township, a diversity of median household incomes is evident among households of different races. The Black or African American households boast the highest median household income at about $201,250. Asian households have a median income of approximately $182,083. Some Other Race households have a median income of approximately $176,250. White households have a median income of approximately $154,002. Conversly, Two or More Races households reveal the lowest median income at $137,803. These disparities underscore the varied income distribution within the township of West Caldwell township..
Which racial group has the lowest median household income according to the Census Bureau in West Caldwell Township, New Jersey?
Of the racial categories outlined by the U.S. Census Bureau and the American Community Survey 2019-2023 5-Year Estimates, households headed by individuals identifying as Two or More Races in West Caldwell township exhibit the lowest median household income at $137,803 among the identified racial categories.
What is the median household income for White households in West Caldwell Township, New Jersey?
In West Caldwell township, the median household income for the households where the householder is White increased by $26,842(21.11%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $127,160 in 2013 and $154,002 in 2023.
What is the median household income for Black or African American households in West Caldwell Township, New Jersey?
In West Caldwell township, the median household income for the households where the householder is Black or African American increased by $197,967(6030.06%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $3,283 in 2013 and $201,250 in 2023.
References
- U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)
