Global InformationList of New Jersey locations by per capita income information
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New Jersey is one of 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).[1][2] Its median household income is $71,637 (2012) and its median family income is $87,389 (2012), both the second highest in the country.[3] The median value of an owner-occupied housing unit is $337,900 (2012), ranked fifth in the country.[2][4] 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.[5][6]
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.[citation needed] Approximately 76% of New Jersey places have per capita incomes above the national average[citation needed]; however, according to the 2008-2012 American Community Survey, 9.9% (US average 14.9%) of the population lives below the poverty line.[1] 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).[7] 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[citation needed]. 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.[citation needed]
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.[1]
- ^ a b c "U.S. Census website". United States Census Bureau. Retrieved 2013-08-04.
- ^ a b "New Jersey QuickFacts from the US Census Bureau". Archived from the original on 2013-10-31. Retrieved 2013-10-30.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2017-12-03. Retrieved 2017-12-09.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Population Reference Bureau". Archived from the original on 2016-03-03. Retrieved 2014-09-14.
- ^ New Jersey has most millionaires in country | NJ.com | 02/11/2009
- ^ New Jersey has highest percentage of millionaire residents in country | Reuters | 02/11/2009
- ^ "The richest counties in America - High-income areas - MSN Money". Archived from the original on 2014-07-21. Retrieved 2014-09-14.