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The total population of Chalfont is estimated to be 4,259 with 2,141 males (50.27%) and 2,118 females (49.73%). There are 23 less females than males in Chalfont.
The median household income in Chalfont was $111,827 in 2021, which marked an an increase of 2,112(1.92%) from $109,715 in 2020. This income is 149.89% 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, Chalfont sees its highest median household income among householders in the age group of 45 to 64 years old, at $167,863. Overall, the median household income for the borough of Chalfont stands at $111,827.
In Chalfont, the median income for all workers aged 15 years and older, regardless of work hours, was $51,184 for males and $48,557 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $93,436 for males and $83,095 for females.
In Chalfont, there are just three different racial groups among households. Among these, Two or More Races households report a median household income of $186,908, followed by Asian households at $137,422, and White households with a median household income of $107,313.
In 2022, the population of Chalfont was 4,283, a 0.37% decrease year-by-year from 2021. Previously, in 2021, Chalfont's population was 4,299, an increase of 0.80% compared to a population of 4,265 in 2020.
The median age in Chalfont, PA is 42.1, as per 2021 ACS 5-Year Estimates. Of the total population, 16.75% were under the age of 15, 19.77% aged 15 to 29, 50.87% aged 30 to 64, 9.99% aged 65 to 84, and 2.62% were 85 years of age and older.
Racial distribution of Chalfont population: 90.32% are White, 0.12% are Black or African American, 5.40% are Asian, 0.49% are some other race and 3.68% are multiracial.