Fort Lee, New Jersey Income Statistics
Fort Lee 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.
-
A
Fort Lee Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fort Lee | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $107,946 | $103,817 | $80,455 |
| Median Personal Income | $94,115 | $76,200 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.4% | 4.8% |
| Six-Figure Earners | 27.9% | 19.9% | 13.9% |
| $200k+ Households | 24.3% | 21.6% | 13.2% |
The median household income in Fort Lee is about 4% higher than in New Jersey. Income has been growing faster in Fort Lee (4.6%/yr) than in New Jersey (4.4%/yr).
About 28% of adults in Fort Lee earn six figures ($100,000 or more) a year, higher than the New Jersey average of 20%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Fort Lee, New Jersey grew by 50.7% from 2009 to 2024, reaching $107,946 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Fort Lee
| Metric | Fort Lee | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.527 | 0.544 | 0.552 |
| Male Median Income | $111,505 | $87,197 | $69,667 |
| Female Median Income | $87,661 | $70,502 | $56,850 |
| Gender Pay Gap | 21.4% | 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 Fort Lee, it is 0.527, 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 27% more than women's income in Fort Lee, New Jersey. Over a 35-year career, a 27% wage gap accumulates to roughly $834,540 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fort Lee, New Jersey has widened from about 12% to 21% in 2024. Over that period the gap was widest at 24% in 2021, and was narrowest at 11% in 2011. In dollar terms, the gap has widened by $15,866 since 2009.
Sharply against the trend: the pay gap in Fort Lee widened by 9.1 points while New Jersey's narrowed by 4.5 points.
Employment
| Metric | Fort Lee | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 6.3% | 5.2% |
| Working from Home | 21.6% | 16.8% | 15.0% |
| Commute time (minutes) | 31 | 26 | 22 |
Approximately 1,225 people are unemployed in Fort Lee, New Jersey.
The average commute time in Fort Lee is 31 minutes, longer than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fort Lee, New Jersey has fallen from 6.0% to 5.8% in 2024. Over that period the rate peaked at 8.5% in 2014 and fell as low as 3.2% in 2019.
Fort Lee, NJ Wealth Compared With Nearby Cities
How Fort Lee, 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. |
|---|---|---|---|---|---|
| Fort Lee, NJ | 39,670 | $107,946 #1/3 | 4.6%/yr #3/3 | 5.8% #3/3 | 0.527 #1/3 |
| Palisades Park, NJ | 20,140 | $92,893 | 5.2%/yr | 5.6% | 0.555 |
| Cliffside Park, NJ | 25,703 | $93,509 | 5.6%/yr | 4.4% | 0.554 |
Conclusion
Considering all these factors, Fort Lee, New Jersey has an overall wealth index grade of A, making it somewhat better than New Jersey, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fort Lee, New Jersey.
How Rich Is Fort Lee, New Jersey?
Fort Lee has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $107,946, about 4% higher than the New Jersey average of $103,817.
Are incomes growing in Fort Lee, New Jersey?
Between 2009 and 2024, the median household income in Fort Lee, New Jersey rose 51%, from $71,621 to $107,946. Over the same years, income here kept pace with New Jersey as a whole: +51% against +50%.
What was the median household income in Fort Lee in 2023?
In 2023, the median household income in Fort Lee, New Jersey was $105,799, up 3% from $102,364 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Fort Lee in 2020?
In 2020, the median household income in Fort Lee, New Jersey was $90,102. By 2024 it had risen 20% to $107,946.
Is Fort Lee, New Jersey a high-income area?
Yes. 28% of adults in Fort Lee, New Jersey earn $100,000 or more a year (about 1 in 4), against 20% (about 1 in 5) in New Jersey. 24% of households have a combined income of $200,000 or more, compared with 22% in New Jersey.
What is the Gini coefficient in Fort Lee, New Jersey?
The Gini coefficient in Fort Lee is 0.527. 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 Fort Lee, New Jersey?
Since 2009, the income gap between men and women in Fort Lee, New Jersey has widened from about 12% to 21% in 2024. Over that period the gap was widest at 24% in 2021, and was narrowest at 11% in 2011. In dollar terms, the gap has widened by $15,866 since 2009.
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