New Jersey is among the wealthiest states in the United States of America, with a per capita income of $35,928 (2012) and a personal per capita income of $50,781 (2010). Its median household income is $71,637 (2012) and its median family income is $87,389 (2012), both the second highest in the country. The median value of an owner-occupied housing unit is $337,900 (2012), ranked fifth in the country. New Jersey has the highest percentage of millionaire residents in the country with 7.12% of New Jersey households having $1 million or more liquid or investible assets, not including equity in homes.New Jersey has most millionaires in country | NJ.com | 02/11/2009New Jersey has highest percentage of millionaire residents in country | Reuters | 02/11/2009
New Jersey's proximity to the metropolitan giants of New York City and Philadelphia greatly influences its wealth. A vast majority of the state consists of suburbs of these two cities, an explanation for much of the state’s high incomes. Approximately 76% of New Jersey places have per capita incomes above the national average; however, according to the 2008-2012 American Community Survey, 9.9% (US average 14.9%) of the population lives below the poverty line. Three of the country's wealthiest counties are located in the north and central portion of the state, including Morris County (4th nationally), Somerset County (8th), and Hunterdon County (10th). There are also several seaside resorts along the New Jersey shoreline that are particularly wealthy, such as Mantoloking, Sea Girt, and Spring Lake along the coast close to New York and Sea Isle City, Avalon, and Stone Harbor in the south. Southern New Jersey, is less affluent overall, excluding several Philadelphia suburbs in Camden, Burlington and Gloucester Counties and the coast. Camden, the poorest city in the state, has a poverty rate of 35.5%. Other poor areas are the cities across the Hudson River from New York City, including Newark, Paterson, and Passaic.
In 2012, 9.1% of New Jersey households have annual incomes of or over $200,000, and 17.5% have incomes of $100,000 or more. By contrast, 5.3% have incomes of less than $10,000, and 24.9% less than $34,999.
New Jersey counties ranked by per capita income
Note: Data is from the 2020 United States census data and the 2018-2022 American Community Survey 5-Year Estimates.Census Reporter. 2023. Rank County Per capita income Median household income Population Households 1 Hunterdon $73,936 $142,518 129,777 50,515 2 Morris $68,227 $131,795 511,151 194,141 3 Somerset $67,395 $135,577 346,875 130,178 4 Monmouth $63,610 $118,194 644,098 253,767 5 Bergen $58,150 $114,336 952,997 354,937 6 Sussex $56,363 $113,640 146,084 58,885 7 Cape May $54,906 $84,870 95,634 48,563 8 Hudson $52,911 $83,056 703,366 304,526 9 Union $52,208 $98,028 569,815 202,575 New Jersey $51,272 $96,346 9,261,699 3,516,978 10 Burlington $50,960 $100,478 466,103 176,334 11 Mercer $50,652 $95,668 380,688 144,989 12 Middlesex $47,221 $102,400 861,418 306,950 13 Essex $47,158 $74,994 849,477 321,371 14 Warren $45,188 $98,867 110,926 45,507 15 Gloucester $44,186 $98,301 306,601 111,781 16 Camden $42,651 $81,768 524,907 203,530 17 Ocean $42,474 $81,101 655,735 241,983 18 Salem $41,804 $77,898 65,117 25,221 United States of America $41,804 $74,755 333,287,550 129,870,930 19 Atlantic $40,034 $77,248 275,638 106,972 20 Passaic $37,516 $79,955 513,936 179,292 21 Cumberland $30,214 $60,755 151,356 54,961
New Jersey municipalities ranked by per capita income
This is a list of all municipalities in New Jersey ranked by per capita income based on data from the 2020 United States census and 2018-2022 American Community Survey.