Wealth Index
Among the 5 least wealthy counties in New Jersey
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Atlantic County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,237 | $101,200 | $78,145 |
| Median Personal Income | $60,163 | $76,824 | $61,726 |
| Average income growth | 4.8% | 4.6% | 5.1% |
| Six-Figure Earners | 11.6% | 19.2% | 13.2% |
The median household income in Atlantic County is about 24% lower than in New Jersey. Income has been growing faster in Atlantic County (4.8%/yr) than in New Jersey (4.6%/yr).
About 12% of adults in Atlantic County earn six figures ($100,000 or more) a year, lower than the New Jersey average of 19%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Atlantic County, New Jersey grew by 39.3% from 2009 to 2023, reaching $77,237 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Atlantic County | Gender Pay Gap | Gini Coefficient
| Metric | Atlantic County | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.570 | 0.570 |
| Male Median Income | $64,638 | $85,325 | $67,746 |
| Female Median Income | $54,606 | $68,761 | $54,793 |
| Gender Pay Gap | 15.5% | 19.4% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Atlantic County, it is 0.557, lower than New Jersey's 0.570, so income is more evenly distributed here than there.
Men's income is about 18% more than women's income in Atlantic County, New Jersey. Over a 35-year career, a 18% wage gap accumulates to roughly $351,120 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Atlantic County, New Jersey has narrowed from about 19% to 16% in 2023. In dollar terms, the gap has widened by $920 since 2009.
Employment
| Metric | Atlantic County | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.1% | 6.1% | 5.2% |
| Working from Home | 8.5% | 15.0% | 13.4% |
| Commute time (minutes) | 21 | 26 | 22 |
Approximately 11,527 people are unemployed in Atlantic County, New Jersey.
The average commute time in Atlantic County is 21 minutes, shorter than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Atlantic County, New Jersey has fallen from 10.7% to 8.1% in 2023.
Conclusion
Considering all these factors, Atlantic County, New Jersey has an overall wealth index grade of B, making it somewhat worse than New Jersey, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Atlantic County, New Jersey.
How Wealthy Is Atlantic County, New Jersey?
Atlantic County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $77,237, about 24% lower than the New Jersey average of $101,200.
What is the current median household income in Atlantic County, New Jersey?
As of 2023, the median household income in Atlantic County, New Jersey is $77,237.
What was the median household income in Atlantic County in 2023?
In 2023, the median household income in Atlantic County, New Jersey was $77,237.
What was the median household income in Atlantic County in 2020?
In 2020, the median household income in Atlantic County, New Jersey was $64,042.
What is the Gini coefficient in Atlantic County, New Jersey?
The Gini coefficient in Atlantic County is 0.557. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Atlantic County, New Jersey?
Since 2009, the income gap between men and women in Atlantic County, New Jersey has narrowed from about 19% to 16% in 2023. In dollar terms, the gap has widened by $920 since 2009.