The US Census Bureau divides households into income tiers based on the median income for the area.
If you had an area where the average income was greater than the median, it can mean that there is significant income inequality, with income being concentrated in a small number of wealthy households.ġ6.42% of households in Evesham are classed as high income households (making $200,000+ per year). In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes. The average household income of Evesham, New Jersey is currently $131,926.00. This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes. This is calculated by adding up all the incomes of all the households in Evesham, and then dividing that number by the total number of households.
Whenever we ask what is the average household income in Evesham, we are actually talking about the mean household income. We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for Evesham. The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more.
Half of the people in the group make more than the median income, and half make less. In simple terms, the median income is the middle income of a group of people. The latest median household income of Evesham, New Jersey is $107,154.00. For example, an increasing median age indicates an aging population, which can be a sign of a declining population in terms of birth rates and workforce participation. This can then be used to infer and compare against birth rates, parent ages, and more metrics to understand the population. The median age of Evesham, New Jersey gives you an idea of the age distribution, with half of the population being older than the median age and half being younger. For example, we can see how the population has changed over the last 5 years by median age as a total, and also by male and female. The age and gender of a population is another interesting demographic statistic because it lets us track trends in the population over time. Population of Evesham, New Jersey by Age and Gender Note that the Native group includes both Native American and Alaskan Native people. This data can be very important for a number of reasons, including social and economic research, planning and development, and marketing to a multi-cultural population.
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