Wealth Index
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 | East Orange | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,783 | $101,200 | $78,145 |
| Median Personal Income | $59,783 | $101,200 | $78,145 |
| Average income growth | 6.3% | 6.3% | 6.3% |
The median household income in East Orange is about 41% lower than in New Jersey. Income has been growing faster in East Orange (6.3%/yr) than in New Jersey (4.6%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in East Orange, New Jersey grew by 53.4% from 2009 to 2023, reaching $59,783 in 2023. That's an average of about 3.8% per year.
Economic Inequality in East Orange | Gender Pay Gap | Gini Coefficient
| Metric | East Orange | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.549 | 0.570 | 0.570 |
| Male Median Income | $51,786 | $85,325 | $67,746 |
| Female Median Income | $53,799 | $68,761 | $54,793 |
| Gender Pay Gap | -3.9% | 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 East Orange, it is 0.549, lower than New Jersey's 0.570, so income is more evenly distributed here than there.
Women's income is about 4% more than men's income in East Orange, New Jersey.
Income by Sex Over Time
Since 2009, the income gap between men and women in East Orange, New Jersey has narrowed from about -7% to -4% in 2023.
Employment
| Metric | East Orange | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.3% | 6.1% | 5.2% |
| Working from Home | 8.1% | 15.0% | 13.4% |
| Commute time (minutes) | 30 | 26 | 22 |
The average commute time in East Orange is 30 minutes, longer than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in East Orange, New Jersey has fallen from 18.6% to 10.3% in 2023.
Conclusion
Considering all these factors, East Orange, New Jersey has an overall wealth index grade of D, making it somewhat worse than New Jersey, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in East Orange, New Jersey.
How Wealthy Is East Orange, New Jersey?
East Orange has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $59,783, about 41% lower than the New Jersey average of $101,200.
What is the current median household income in East Orange, New Jersey?
As of 2023, the median household income in East Orange, New Jersey is $59,783.
What was the median household income in East Orange in 2023?
In 2023, the median household income in East Orange, New Jersey was $59,783.
What was the median household income in East Orange in 2020?
In 2020, the median household income in East Orange, New Jersey was $51,239.
What is the Gini coefficient in East Orange, New Jersey?
The Gini coefficient in East Orange is 0.549. 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 East Orange, New Jersey?
Since 2009, the income gap between men and women in East Orange, New Jersey has narrowed from about -7% to -4% in 2023.