Englewood, New Jersey Income Statistics
Englewood 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
Englewood Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Englewood | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $102,887 | $103,817 | $80,455 |
| Median Personal Income | $71,073 | $76,200 | $60,758 |
| Average Yearly Income Growth | 3.3% | 4.4% | 4.8% |
| Six-Figure Earners | 19.5% | 19.9% | 13.9% |
| $200k+ Households | 21.4% | 21.6% | 13.2% |
The median household income in Englewood is about 1% lower than in New Jersey. Income has been growing slower in Englewood (3.3%/yr) than in New Jersey (4.4%/yr).
About 20% of adults in Englewood earn six figures ($100,000 or more) a year, about the same as the New Jersey average of 20%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Englewood, New Jersey grew by 46.4% from 2009 to 2024, reaching $102,887 in 2024. That's an average of about 3.3% per year.
Income Inequality and the Gender Pay Gap in Englewood
| Metric | Englewood | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.537 | 0.544 | 0.552 |
| Male Median Income | $79,786 | $87,197 | $69,667 |
| Female Median Income | $70,720 | $70,502 | $56,850 |
| Gender Pay Gap | 11.4% | 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 Englewood, it is 0.537, lower than New Jersey's 0.544, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 13% more than women's income in Englewood, New Jersey. Over a 35-year career, a 13% wage gap accumulates to roughly $317,310 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Englewood, New Jersey has narrowed from about 25% to 11% in 2024. Over that period the gap was narrowest at 2% in 2013. In dollar terms, the gap has narrowed by $6,219 since 2009.
Employment
| Metric | Englewood | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.8% | 6.3% | 5.2% |
| Working from Home | 17.5% | 16.8% | 15.0% |
| Commute time (minutes) | 25 | 26 | 22 |
Approximately 1,275 people are unemployed in Englewood, New Jersey.
The average commute time in Englewood is 25 minutes, shorter than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Englewood, New Jersey has fallen from 8.2% to 7.8% in 2024. Over that period the rate peaked at 8.4% in 2021 and fell as low as 5.3% in 2016.
Englewood, NJ Wealth Compared With Nearby Cities
How Englewood, 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. |
|---|---|---|---|---|---|
| Englewood, NJ | 29,605 | $102,887 #3/3 | 3.3%/yr #3/3 | 7.8% #3/3 | 0.537 #2/3 |
| Bergenfield, NJ | 28,486 | $128,091 | 5.8%/yr | 6.2% | 0.550 |
| Fort Lee, NJ | 39,670 | $107,946 | 4.6%/yr | 5.8% | 0.527 |
Conclusion
Considering all these factors, Englewood, 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 Englewood, New Jersey.
How Wealthy Is Englewood, New Jersey?
Englewood 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 $102,887, about 1% lower than the New Jersey average of $103,817.
Are incomes growing in Englewood, New Jersey?
Between 2009 and 2024, the median household income in Englewood, New Jersey rose 46%, from $70,273 to $102,887. Over the same years, income here lagged behind New Jersey as a whole: +46% against +50%.
What was the median household income in Englewood in 2023?
In 2023, the median household income in Englewood, New Jersey was $102,365, up 11% from $92,533 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Englewood in 2020?
In 2020, the median household income in Englewood, New Jersey was $89,214. By 2024 it had risen 15% to $102,887.
What is the Gini coefficient in Englewood, New Jersey?
The Gini coefficient in Englewood is 0.537. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Englewood, New Jersey?
Since 2009, the income gap between men and women in Englewood, New Jersey has narrowed from about 25% to 11% in 2024. Over that period the gap was narrowest at 2% in 2013. In dollar terms, the gap has narrowed by $6,219 since 2009.
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