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 | Linden | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $89,989 | $101,200 | $78,145 |
| Median Personal Income | $89,989 | $101,200 | $78,145 |
| Average income growth | 4.7% | 4.7% | 4.7% |
The median household income in Linden is about 11% lower than in New Jersey. Income has been growing faster in Linden (4.7%/yr) than in New Jersey (4.6%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Linden, New Jersey grew by 57.1% from 2009 to 2023, reaching $89,989 in 2023. That's an average of about 4.1% per year.
Economic Inequality in Linden | Gender Pay Gap | Gini Coefficient
| Metric | Linden | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.529 | 0.570 | 0.570 |
| Male Median Income | $64,531 | $85,325 | $67,746 |
| Female Median Income | $52,075 | $68,761 | $54,793 |
| Gender Pay Gap | 19.3% | 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 Linden, it is 0.529, lower than New Jersey's 0.570, so income is more evenly distributed here than there.
Men's income is about 24% more than women's income in Linden, New Jersey.
Income by Sex Over Time
Since 2009, the income gap between men and women in Linden, New Jersey has widened from about 18% to 19% in 2023.
Employment
| Metric | Linden | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.5% | 6.1% | 5.2% |
| Working from Home | 6.2% | 15.0% | 13.4% |
| Commute time (minutes) | 26 | 26 | 22 |
The average commute time in Linden is 26 minutes, about the same as in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Linden, New Jersey has fallen from 10.5% to 8.5% in 2023.
Conclusion
Considering all these factors, Linden, 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 Linden, New Jersey.
How Rich Is Linden, New Jersey?
Linden 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 $89,989, about 11% lower than the New Jersey average of $101,200.
What is the current median household income in Linden, New Jersey?
As of 2023, the median household income in Linden, New Jersey is $89,989.
What was the median household income in Linden in 2023?
In 2023, the median household income in Linden, New Jersey was $89,989.
What was the median household income in Linden in 2020?
In 2020, the median household income in Linden, New Jersey was $75,066.
What is the Gini coefficient in Linden, New Jersey?
The Gini coefficient in Linden is 0.529. 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 Linden, New Jersey?
Since 2009, the income gap between men and women in Linden, New Jersey has widened from about 18% to 19% in 2023.