Jersey City, New Jersey Income Statistics
Jersey City 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
Jersey City Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Jersey City | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,050 | $103,817 | $80,455 |
| Median Personal Income | $82,406 | $76,200 | $60,758 |
| Average Yearly Income Growth | 6.2% | 4.4% | 4.8% |
| Six-Figure Earners | 24.7% | 19.9% | 13.9% |
| $200k+ Households | 23.3% | 21.6% | 13.2% |
The median household income in Jersey City is about 6% lower than in New Jersey. Income has been growing faster in Jersey City (6.2%/yr) than in New Jersey (4.4%/yr).
About 25% of adults in Jersey City 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 Jersey City, New Jersey grew by 89.4% from 2009 to 2024, reaching $98,050 in 2024. That's an average of about 6.2% per year.
Income Inequality and the Gender Pay Gap in Jersey City
| Metric | Jersey City | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.544 | 0.552 |
| Male Median Income | $94,712 | $87,197 | $69,667 |
| Female Median Income | $79,966 | $70,502 | $56,850 |
| Gender Pay Gap | 15.6% | 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 Jersey City, it is 0.548, about the same as New Jersey's 0.544, so income here is about as evenly distributed as 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 18% more than women's income in Jersey City, New Jersey. Over a 35-year career, a 18% wage gap accumulates to roughly $516,110 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jersey City, New Jersey has widened from about 10% to 16% in 2024. Over that period the gap was widest at 17% in 2014. In dollar terms, the gap has widened by $10,037 since 2009.
Sharply against the trend: the pay gap in Jersey City widened by 5.8 points while New Jersey's narrowed by 4.5 points.
Employment
| Metric | Jersey City | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 6.3% | 5.2% |
| Working from Home | 24.7% | 16.8% | 15.0% |
| Commute time (minutes) | 33 | 26 | 22 |
Approximately 9,422 people are unemployed in Jersey City, New Jersey.
The average commute time in Jersey City is 33 minutes, longer than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jersey City, New Jersey has fallen from 10.3% to 5.5% in 2024. Over that period the rate peaked at 10.9% in 2013 and fell as low as 5.3% in 2020.
Jersey City, NJ Wealth Compared With Nearby Cities
Jersey City, NJ is the largest of the 6 cities compared here, 293,788 residents against a local median of 58,199. The measure that sets Jersey City, NJ apart most is income growth: 6.2%/yr, 19% above the local median of 5.2%/yr. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $98,050 against a local median of $83,559, 17% above it. Every measure here with a clear better direction points the same way, so Jersey City, NJ is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves spread 2.1%/yr on income growth, so Jersey City, NJ sits at one end of an already wide local range rather than apart from it. Jersey City, NJ has the highest income growth of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Jersey City, NJ | 293,788 | $98,050 #3/6 | 6.2%/yr #1/6 | 5.5% #3/6 | 0.548 #4/6 |
| Hoboken, NJ | 58,199 | $178,015 | 5.2%/yr | 3.8% | 0.426 |
| Union City, NJ | 66,416 | $64,444 | 5.4%/yr | 9.4% | 0.586 |
| Bayonne, NJ | 71,520 | $83,559 | 5.4%/yr | 5.4% | 0.542 |
| Kearny, NJ | 40,646 | $79,552 | 3.3%/yr | 6.6% | 0.570 |
| Secaucus, NJ | 21,687 | $135,242 | 4.6%/yr | 5.6% | 0.499 |
Conclusion
Considering all these factors, Jersey City, 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 Jersey City, New Jersey.
How Rich Is Jersey City, New Jersey?
Jersey City 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 $98,050, about 6% lower than the New Jersey average of $103,817.
Are incomes growing in Jersey City, New Jersey?
Between 2009 and 2024, the median household income in Jersey City, New Jersey rose 89%, from $51,759 to $98,050. Over the same years, income here outpaced New Jersey as a whole: +89% against +50%.
What was the median household income in Jersey City in 2023?
In 2023, the median household income in Jersey City, New Jersey was $95,551, up 4% from $92,243 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Jersey City in 2020?
In 2020, the median household income in Jersey City, New Jersey was $76,677. By 2024 it had risen 28% to $98,050.
What is the Gini coefficient in Jersey City, New Jersey?
The Gini coefficient in Jersey City is 0.548. 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 Jersey City, New Jersey?
Since 2009, the income gap between men and women in Jersey City, New Jersey has widened from about 10% to 16% in 2024. Over that period the gap was widest at 17% in 2014. In dollar terms, the gap has widened by $10,037 since 2009.
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