Cliffside Park, New Jersey Income Statistics
Cliffside Park Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Cliffside Park Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cliffside Park | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $93,509 | $103,817 | $80,455 |
| Median Personal Income | $74,959 | $76,200 | $60,758 |
| Average Yearly Income Growth | 5.6% | 4.4% | 4.8% |
| Six-Figure Earners | 18.1% | 19.9% | 13.9% |
| $200k+ Households | 16.3% | 21.6% | 13.2% |
The median household income in Cliffside Park is about 10% lower than in New Jersey. Income has been growing faster in Cliffside Park (5.6%/yr) than in New Jersey (4.4%/yr).
About 18% of adults in Cliffside Park earn six figures ($100,000 or more) a year, lower than the New Jersey average of 20%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Cliffside Park, New Jersey grew by 36.3% from 2009 to 2024, reaching $93,509 in 2024. That's an average of about 5.6% per year.
Income Inequality and the Gender Pay Gap in Cliffside Park
| Metric | Cliffside Park | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.554 | 0.544 | 0.552 |
| Male Median Income | $79,705 | $87,197 | $69,667 |
| Female Median Income | $79,581 | $70,502 | $56,850 |
| Gender Pay Gap | 0.2% | 19.1% | 18.4% |
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 Cliffside Park, it is 0.554, higher than New Jersey's 0.544, so income is less evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 0% more than women's income in Cliffside Park, New Jersey.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cliffside Park, New Jersey has narrowed from about 13% to 0% in 2024. Over that period the gap was widest at 26% in 2017, and in 2010 women out-earned men by 0%. In dollar terms, the gap has narrowed by $6,902 since 2009.
Employment
| Metric | Cliffside Park | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 6.3% | 5.2% |
| Working from Home | 18.1% | 16.8% | 15.0% |
| Commute time (minutes) | 32 | 26 | 22 |
Approximately 608 people are unemployed in Cliffside Park, New Jersey.
The average commute time in Cliffside Park is 32 minutes, longer than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cliffside Park, New Jersey has fallen from 7.0% to 4.4% in 2024. Over that period the rate peaked at 9.0% in 2014 and fell as low as 3.2% in 2019.
Cliffside Park, NJ Wealth Compared With Nearby Cities
How Cliffside Park, NJ compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Cliffside Park, NJ | 25,703 | $93,509 #2/3 | 5.6%/yr #1/3 | 4.4% #1/3 | 0.554 #2/3 |
| Palisades Park, NJ | 20,140 | $92,893 | 5.2%/yr | 5.6% | 0.555 |
| Fort Lee, NJ | 39,670 | $107,946 | 4.6%/yr | 5.8% | 0.527 |
Conclusion
Considering all these factors, Cliffside Park, New Jersey has an overall wealth index grade of B, making it about on par with New Jersey, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cliffside Park, New Jersey.
How Rich Is Cliffside Park, New Jersey?
Cliffside Park 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 $93,509, about 10% lower than the New Jersey average of $103,817.
Are incomes growing in Cliffside Park, New Jersey?
Between 2009 and 2024, the median household income in Cliffside Park, New Jersey rose 36%, from $68,582 to $93,509. Over the same years, income here lagged behind New Jersey as a whole: +36% against +50%.
What was the median household income in Cliffside Park in 2023?
In 2023, the median household income in Cliffside Park, New Jersey was $94,469, down 1% from $95,152 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Cliffside Park in 2020?
In 2020, the median household income in Cliffside Park, New Jersey was $82,233. By 2024 it had risen 14% to $93,509.
Is it hard to find a job in Cliffside Park, New Jersey?
Unemployment in Cliffside Park, New Jersey is only 4.4%, well below the New Jersey rate of 6.3%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Cliffside Park, New Jersey?
The Gini coefficient in Cliffside Park is 0.554. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Cliffside Park, New Jersey?
Since 2009, the income gap between men and women in Cliffside Park, New Jersey has narrowed from about 13% to 0% in 2024. Over that period the gap was widest at 26% in 2017, and in 2010 women out-earned men by 0%. In dollar terms, the gap has narrowed by $6,902 since 2009.
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