Gender
In Old Bridge township, the population consists of 32,999 males (49.31%) and 33,926 females (50.69%). Here are the primary highlights from the gender-based income distribution analysis:
- In Old Bridge township, the median income for all workers aged 15 years and older, regardless of work hours, was $65,019 for males and $46,787 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $78,648 for males and $68,672 for females.
- In Old Bridge township, the median income for all workers aged 15 years and older, regardless of work hours, was $65,019 for males and $46,787 for females.
- In Old Bridge township, among full-time, year-round workers aged 15 years and older, males earned a median income of $78,648, while females earned $68,672, resulting in a 13% gender pay gap among full-time workers. This illustrates that women earn 87 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the township of Old Bridge township.
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Race
In Old Bridge township, the population is predominantly White, constituting 67.47% 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 $105,824.
- In Old Bridge township, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $153,142. This reveals that, while Whites may be the most numerous in Old Bridge township, Asian households experience greater economic prosperity in terms of median household income.
- In Old Bridge township, the median household income for the households where the householder is White increased by $1,205(1.15%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $104,619 in 2012 and $105,824 in 2022.
- In Old Bridge township, the median household income for the households where the householder is Black or African American decreased by $14,138(18.91%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $74,756 in 2012 and $60,618 in 2022.
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Year by year
Old Bridge 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 Old Bridge township decreased by $9,734 (8.73%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 2,572 (from $103,465 to $106,037). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 4,605 (from $105,543 to $100,938).
- It then further increased to $133,688 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.455, it is evident that income distribution in Old Bridge Township, New Jersey exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $129,349. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $80,007.
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