What is the median household income in Lawrence Township (Mercer County), NJ?
The median household income in Lawrence Township (Mercer County), NJ is $130,142 (±$10,777) a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,020 a month would take about $80,800 a year at the common guideline of spending no more than 30% of income on rent.
In Lawrence Township (Mercer County), the median household income went from $103,690 in 2015–2019 to $130,142 in 2020–2024 (+25.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $130,142 (±$10,777)
- Median renter income
- $82,778 (±$14,948)
- Income to afford median rent
- about $80,800
Income in Lawrence Township (Mercer County) against Mercer County, its state and the nation
| Lawrence Township (Mercer County) | Mercer County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $130,142 (±$10,777) | $100,645 (±$2,565) | $103,556 (±$513) | $80,734 |
| Median renter household income | $82,778 (±$14,948) | $61,039 (±$3,997) | $62,674 (±$718) | $52,966 |
| Median owner household income | $154,953 (±$5,280) | $131,963 (±$3,408) | $133,477 (±$624) | $100,009 |
| Median gross rent | $2,020 (±$107) | $1,623 (±$34) | $1,720 (±$7) | $1,413 |
In Lawrence Township (Mercer County), median household income is higher than in Mercer County ($100,645).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Mercer County, Lawrence Township (Mercer County) ranks 7 of 12 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 185 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Lawrence Township (Mercer County)
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $2,020 a month ($24,240 a year) needs an income of about $80,800 a year.
The median renting household in Lawrence Township (Mercer County) earns $82,778 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $103,690 (±$7,789) | $130,142 (±$10,777) | +25.5% | No measurable change after inflation |
| Median gross rent | $1,672 (±$89) | $2,020 (±$107) | +20.8% | No measurable change after inflation |
| Median home value | $326,400 (±$12,485) | $439,700 (±$19,565) | +34.7% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Lawrence Township (Mercer County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Lawrence Township (Mercer County) | — | $130,142 (±$10,777) | — |
| Pennington Borough | 4.1 mi | $192,586 (±$25,175) | Higher |
| Mercerville | 4.4 mi | $128,277 (±$7,829) | Not measurably different |
| Ewing Township | 4.7 mi | $91,267 (±$5,965) | Lower |
| West Windsor Township | 4.9 mi | $197,190 (±$8,491) | Higher |
| Princeton | 5.1 mi | $192,079 (±$24,402) | Higher |
| Trenton | 5.5 mi | $52,537 (±$3,804) | Lower |
| Princeton Junction | 5.5 mi | $224,732 (±$105,844) | Not measurably different |
| Hamilton Square | 6.1 mi | $138,162 (±$8,821) | Not measurably different |
Nearby places with a measurably lower figure: Ewing Township, NJ ($91,267), Trenton, NJ ($52,537).
Nearby places with a measurably higher figure: Pennington Borough, NJ ($192,586), West Windsor Township, NJ ($197,190), Princeton, NJ ($192,079).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Mercer County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | West Windsor Township | $197,190 (±$8,491) |
| 2 | Pennington Borough | $192,586 (±$25,175) |
| 3 | Princeton | $192,079 (±$24,402) |
| 4 | Hopewell Township (Mercer County) | $178,167 (±$14,927) |
| 5 | Robbinsville Township | $169,450 (±$18,076) |
| 6 | Hopewell Borough | $145,114 (±$25,426) |
| 7 | Lawrence Township (Mercer County) | $130,142 (±$10,777) |
| 8 | Hightstown Borough | $108,987 (±$15,365) |
| 9 | East Windsor Township | $105,208 (±$11,768) |
| 10 | Hamilton Township (Mercer County) | $100,771 (±$3,960) |
| 11 | Ewing Township | $91,267 (±$5,965) |
| 12 | Trenton | $52,537 (±$3,804) |
The figures for Lawrence Township (Mercer County) include the places inside it that have pages of their own: Lawrenceville.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lawrence Township (Mercer County)
What is the median household income in Lawrence Township (Mercer County)?
The median household income in Lawrence Township (Mercer County) is $130,142 (±$10,777) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Lawrence Township (Mercer County)?
About $80,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,020 a month.
Have incomes in Lawrence Township (Mercer County) kept up with inflation?
In Lawrence Township (Mercer County), the median household income went from $103,690 in 2015–2019 to $130,142 in 2020–2024 (+25.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Lawrence Township (Mercer County)?
The median renting household in Lawrence Township (Mercer County), NJ earns $82,778 (±$14,948) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lawrence township, Mercer County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lawrence township, Mercer County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lawrence township, Mercer County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lawrence township, Mercer County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lawrence township, Mercer County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lawrence township, Mercer County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lawrence township, Mercer County, New Jersey (county subdivision:39510, in state:34 county:021).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Renters and owners in Lawrence Township (Mercer County)
- Home values in Lawrence Township (Mercer County)
- Homeowner costs in Lawrence Township (Mercer County)
- Property taxes in Lawrence Township (Mercer County)
- Types of homes in Lawrence Township (Mercer County)
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- Age of homes in Lawrence Township (Mercer County)
- Vacancy rate in Lawrence Township (Mercer County)
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- Population growth in Lawrence Township (Mercer County)
- How long people stay in Lawrence Township (Mercer County)
- Crowding and facilities in Lawrence Township (Mercer County)
- Local landlord and tenant rules in Lawrence Township (Mercer County)
- New Jersey landlord and tenant rules
- Housing across Mercer County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey