Long Branch, New Jersey Income Statistics
Long Branch 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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C
Long Branch Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Long Branch | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,361 | $103,817 | $80,455 |
| Median Personal Income | $56,652 | $76,200 | $60,758 |
| Average Yearly Income Growth | 5.6% | 4.4% | 4.8% |
| Six-Figure Earners | 13.8% | 19.9% | 13.9% |
| $200k+ Households | 12.5% | 21.6% | 13.2% |
The median household income in Long Branch is about 24% lower than in New Jersey. Income has been growing faster in Long Branch (5.6%/yr) than in New Jersey (4.4%/yr).
About 14% of adults in Long Branch 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 Long Branch, New Jersey grew by 49.6% from 2009 to 2024, reaching $79,361 in 2024. That's an average of about 5.6% per year.
Income Inequality and the Gender Pay Gap in Long Branch
| Metric | Long Branch | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.573 | 0.544 | 0.552 |
| Male Median Income | $65,905 | $87,197 | $69,667 |
| Female Median Income | $59,518 | $70,502 | $56,850 |
| Gender Pay Gap | 9.7% | 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 Long Branch, it is 0.573, 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 11% more than women's income in Long Branch, New Jersey. Over a 35-year career, a 11% wage gap accumulates to roughly $223,545 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Long Branch, New Jersey has widened from about 9% to 10% in 2024. Over that period the gap was widest at 16% in 2018, and in 2022 women out-earned men by 2%. In dollar terms, the gap has widened by $2,949 since 2009.
Sharply against the trend: the pay gap in Long Branch widened by 0.8 points while New Jersey's narrowed by 4.5 points.
Employment
| Metric | Long Branch | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 6.3% | 5.2% |
| Working from Home | 9.9% | 16.8% | 15.0% |
| Commute time (minutes) | 21 | 26 | 22 |
Approximately 1,195 people are unemployed in Long Branch, New Jersey.
The average commute time in Long Branch is 21 minutes, shorter than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Long Branch, New Jersey has fallen from 9.3% to 7.0% in 2024. Over that period the rate peaked at 10.9% in 2014.
Conclusion
Considering all these factors, Long Branch, 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 Long Branch, New Jersey.
How Rich Is Long Branch, New Jersey?
Long Branch 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 $79,361, about 24% lower than the New Jersey average of $103,817.
How fast is household income rising in Long Branch, New Jersey?
Between 2009 and 2024, the median household income in Long Branch, New Jersey rose 50%, from $53,050 to $79,361. Over the same years, income here kept pace with New Jersey as a whole: +50% against +50%.
What was the median household income in Long Branch in 2023?
In 2023, the median household income in Long Branch, New Jersey was $73,563, up 1% from $72,941 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Long Branch in 2020?
In 2020, the median household income in Long Branch, New Jersey was $62,113. By 2024 it had risen 28% to $79,361.
What is the Gini coefficient in Long Branch, New Jersey?
The Gini coefficient in Long Branch is 0.573. 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 Long Branch, New Jersey?
Since 2009, the income gap between men and women in Long Branch, New Jersey has widened from about 9% to 10% in 2024. Over that period the gap was widest at 16% in 2018, and in 2022 women out-earned men by 2%. In dollar terms, the gap has widened by $2,949 since 2009.
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