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 | Middlesex County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $109,590 | $101,200 | $78,145 |
| Median Personal Income | $79,946 | $76,824 | $61,726 |
| Average income growth | 4.5% | 4.6% | 5.1% |
| Six-Figure Earners | 19.4% | 19.2% | 13.2% |
The median household income in Middlesex County is about 8% higher than in New Jersey. Income has been growing slower in Middlesex County (4.5%/yr) than in New Jersey (4.6%/yr).
About 19% of adults in Middlesex County earn six figures ($100,000 or more) a year, about the same as the New Jersey average of 19%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Middlesex County, New Jersey grew by 43.3% from 2009 to 2023, reaching $109,590 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Middlesex County | Gender Pay Gap | Gini Coefficient
| Metric | Middlesex County | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.580 | 0.570 | 0.570 |
| Male Median Income | $90,544 | $85,325 | $67,746 |
| Female Median Income | $68,889 | $68,761 | $54,793 |
| Gender Pay Gap | 23.9% | 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 Middlesex County, it is 0.580, higher than New Jersey's 0.570, so income is less evenly distributed here than there.
Men's income is about 31% more than women's income in Middlesex County, New Jersey. Over a 35-year career, a 31% wage gap accumulates to roughly $757,925 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Middlesex County, New Jersey has widened from about 22% to 24% in 2023. In dollar terms, the gap has widened by $8,272 since 2009.
Employment
| Metric | Middlesex County | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 6.1% | 5.2% |
| Working from Home | 16.1% | 15.0% | 13.4% |
| Commute time (minutes) | 26 | 26 | 22 |
Approximately 29,850 people are unemployed in Middlesex County, New Jersey.
The average commute time in Middlesex County is 26 minutes, about the same as in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Middlesex County, New Jersey has fallen from 7.9% to 6.4% in 2023.
Conclusion
Considering all these factors, Middlesex County, 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 Middlesex County, New Jersey.
How Rich Is Middlesex County, New Jersey?
Middlesex County 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 $109,590, about 8% higher than the New Jersey average of $101,200.
What is the current median household income in Middlesex County, New Jersey?
As of 2023, the median household income in Middlesex County, New Jersey is $109,590.
What was the median household income in Middlesex County in 2023?
In 2023, the median household income in Middlesex County, New Jersey was $109,590.
What was the median household income in Middlesex County in 2020?
In 2020, the median household income in Middlesex County, New Jersey was $92,463.
What is the Gini coefficient in Middlesex County, New Jersey?
The Gini coefficient in Middlesex County is 0.580. 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 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Middlesex County, New Jersey?
Since 2009, the income gap between men and women in Middlesex County, New Jersey has widened from about 22% to 24% in 2023. In dollar terms, the gap has widened by $8,272 since 2009.