Wealth Index
Wealthier than 70% of 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 | Burlington County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $105,879 | $101,200 | $78,145 |
| Median Personal Income | $77,614 | $76,824 | $61,726 |
| Average income growth | 4.1% | 4.6% | 5.1% |
| Six-Figure Earners | 19.3% | 19.2% | 13.2% |
The median household income in Burlington County is about 5% higher than in New Jersey. Income has been growing slower in Burlington County (4.1%/yr) than in New Jersey (4.6%/yr).
About 19% of adults in Burlington County earn six figures ($100,000 or more) a year, about the same as the New Jersey average of 19%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Burlington County, New Jersey grew by 40.3% from 2009 to 2023, reaching $105,879 in 2023. That's an average of about 4.1% per year.
Economic Inequality in Burlington County | Gender Pay Gap | Gini Coefficient
| Metric | Burlington County | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.540 | 0.570 | 0.570 |
| Male Median Income | $86,047 | $85,325 | $67,746 |
| Female Median Income | $69,223 | $68,761 | $54,793 |
| Gender Pay Gap | 19.6% | 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 Burlington County, it is 0.540, lower than New Jersey's 0.570, so income is more evenly distributed here than there.
Men's income is about 24% more than women's income in Burlington County, New Jersey. Over a 35-year career, a 24% wage gap accumulates to roughly $588,840 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Burlington County, New Jersey has narrowed from about 25% to 20% in 2023. In dollar terms, the gap has widened by $1,657 since 2009.
Employment
| Metric | Burlington County | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 6.1% | 5.2% |
| Working from Home | 14.8% | 15.0% | 13.4% |
| Commute time (minutes) | 26 | 26 | 22 |
Approximately 12,695 people are unemployed in Burlington County, New Jersey.
The average commute time in Burlington County is 26 minutes, about the same as in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Burlington County, New Jersey has fallen from 7.9% to 5.0% in 2023.
Conclusion
Considering all these factors, Burlington County, New Jersey has an overall wealth index grade of B, making it somewhat better than New Jersey, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Burlington County, New Jersey.
How Rich Is Burlington County, New Jersey?
Burlington 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 $105,879, about 5% higher than the New Jersey average of $101,200.
What is the current median household income in Burlington County, New Jersey?
As of 2023, the median household income in Burlington County, New Jersey is $105,879.
What was the median household income in Burlington County in 2023?
In 2023, the median household income in Burlington County, New Jersey was $105,879.
What was the median household income in Burlington County in 2020?
In 2020, the median household income in Burlington County, New Jersey was $90,742.
What is the Gini coefficient in Burlington County, New Jersey?
The Gini coefficient in Burlington County is 0.540. 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 Burlington County, New Jersey?
Since 2009, the income gap between men and women in Burlington County, New Jersey has narrowed from about 25% to 20% in 2023. In dollar terms, the gap has widened by $1,657 since 2009.