Glassboro, New Jersey Income Statistics
Glassboro 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.
-
C
Glassboro Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Glassboro | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $85,905 | $103,817 | $80,455 |
| Median Personal Income | $64,988 | $76,200 | $60,758 |
| Average Yearly Income Growth | 3.2% | 4.4% | 4.8% |
| Six-Figure Earners | 9.7% | 19.9% | 13.9% |
| $200k+ Households | 13.1% | 21.6% | 13.2% |
The median household income in Glassboro is about 17% lower than in New Jersey. Income has been growing slower in Glassboro (3.2%/yr) than in New Jersey (4.4%/yr).
About 10% of adults in Glassboro 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 Glassboro, New Jersey grew by 60.2% from 2009 to 2024, reaching $85,905 in 2024. That's an average of about 3.2% per year.
Income Inequality and the Gender Pay Gap in Glassboro
| Metric | Glassboro | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.608 | 0.544 | 0.552 |
| Male Median Income | $66,393 | $87,197 | $69,667 |
| Female Median Income | $64,369 | $70,502 | $56,850 |
| Gender Pay Gap | 3.0% | 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 Glassboro, it is 0.608, higher than New Jersey's 0.544, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 3% more than women's income in Glassboro, New Jersey. Over a 35-year career, a 3% wage gap accumulates to roughly $70,840 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Glassboro, New Jersey has narrowed from about 20% to 3% in 2024. In dollar terms, the gap has narrowed by $8,622 since 2009.
Employment
| Metric | Glassboro | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.4% | 6.3% | 5.2% |
| Working from Home | 16.7% | 16.8% | 15.0% |
| Commute time (minutes) | 25 | 26 | 22 |
Approximately 928 people are unemployed in Glassboro, New Jersey.
The average commute time in Glassboro is 25 minutes, shorter than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Glassboro, New Jersey has fallen from 9.0% to 7.4% in 2024. Over that period the rate peaked at 11.8% in 2014 and fell as low as 6.8% in 2019.
Conclusion
Considering all these factors, Glassboro, New Jersey has an overall wealth index grade of C, making it somewhat worse than New Jersey, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Glassboro, New Jersey.
How Rich Is Glassboro, New Jersey?
Glassboro has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $85,905, about 17% lower than the New Jersey average of $103,817.
Are incomes growing in Glassboro, New Jersey?
Between 2009 and 2024, the median household income in Glassboro, New Jersey rose 60%, from $53,634 to $85,905. Over the same years, income here outpaced New Jersey as a whole: +60% against +50%.
What was the median household income in Glassboro in 2023?
In 2023, the median household income in Glassboro, New Jersey was $79,163, down 1% from $79,621 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Glassboro in 2020?
In 2020, the median household income in Glassboro, New Jersey was $73,063. By 2024 it had risen 18% to $85,905.
What is the Gini coefficient in Glassboro, New Jersey?
The Gini coefficient in Glassboro is 0.608. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Glassboro, New Jersey?
Since 2009, the income gap between men and women in Glassboro, New Jersey has narrowed from about 20% to 3% in 2024. In dollar terms, the gap has narrowed by $8,622 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →