Monmouth County, New Jersey Income Statistics
Monmouth County Wealth Score
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.
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A
Monmouth County Above averageAmong the top 5 wealthiest counties in New Jersey
Source: Map AI Methodology
Income Statistics Overview
| Metric | Monmouth County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $124,868 | $103,817 | $80,455 |
| Median Personal Income | $92,347 | $76,200 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.4% | 4.8% |
| Six-Figure Earners | 25.6% | 19.9% | 13.9% |
| $200k+ Households | 28.9% | 21.6% | 13.2% |
The median household income in Monmouth County is about 20% higher than in New Jersey. Income has been growing faster in Monmouth County (4.4%/yr) than in New Jersey (4.4%/yr).
About 26% of adults in Monmouth County 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 Monmouth County, New Jersey grew by 51.3% from 2009 to 2024, reaching $124,868 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Monmouth County
| Metric | Monmouth County | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.544 | 0.552 |
| Male Median Income | $108,963 | $87,197 | $69,667 |
| Female Median Income | $80,192 | $70,502 | $56,850 |
| Gender Pay Gap | 26.4% | 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 Monmouth County, it is 0.522, lower than New Jersey's 0.544, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 36% more than women's income in Monmouth County, New Jersey. Over a 35-year career, a 36% wage gap accumulates to roughly $1,006,985 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Monmouth County, New Jersey has narrowed from about 34% to 26% in 2024. In dollar terms, the gap has widened by $4,294 since 2009.
Employment
| Metric | Monmouth County | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 6.3% | 5.2% |
| Working from Home | 18.9% | 16.8% | 15.0% |
| Commute time (minutes) | 25 | 26 | 22 |
Approximately 18,820 people are unemployed in Monmouth County, New Jersey.
The average commute time in Monmouth County is 25 minutes, shorter than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Monmouth County, New Jersey has fallen from 7.6% to 5.4% in 2024. Over that period the rate peaked at 9.0% in 2013 and fell as low as 4.9% in 2019.
Monmouth County, NJ Wealth Compared With Nearby Counties
Monmouth County, NJ is typical in size for this group, 645,196 residents against a local median of 654,303, so the measures below are close to a like for like comparison. The measure that sets Monmouth County, NJ apart most is median household income: $124,868, 27% above the local median of $98,311. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 5.4% against a local median of 6.5%, 17% below it. Every measure here with a clear better direction points the same way, so Monmouth County, NJ is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread $31,498 on median household income, so Monmouth County, NJ sits at one end of an already wide local range rather than apart from it. Monmouth County, NJ has the highest median household income 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. |
|---|---|---|---|---|---|
| Monmouth County, NJ | 645,196 | $124,868 #1/6 | 4.4%/yr #4/6 | 5.4% #1/6 | 0.522 #1/6 |
| Richmond County, NY | 494,794 | $98,311 | 3.6%/yr | 5.6% | 0.571 |
| Middlesex County, NJ | 870,701 | $112,064 | 4.2%/yr | 6.7% | 0.552 |
| Union County, NJ | 578,268 | $104,008 | 5.0%/yr | 6.5% | 0.548 |
| Kings County, NY | 2,630,245 | $80,565 | 5.9%/yr | 7.9% | 0.577 |
| Ocean County, NJ | 654,303 | $90,726 | 4.6%/yr | 5.4% | 0.535 |
Conclusion
Considering all these factors, Monmouth County, New Jersey has an overall wealth index grade of A, making it somewhat better than New Jersey, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Monmouth County, New Jersey.
How Rich Is Monmouth County, New Jersey?
Monmouth County has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $124,868, about 20% higher than the New Jersey average of $103,817.
How has median household income changed in Monmouth County, New Jersey?
Between 2009 and 2024, the median household income in Monmouth County, New Jersey rose 51%, from $82,526 to $124,868. Over the same years, income here outpaced New Jersey as a whole: +51% against +50%.
What was the median household income in Monmouth County in 2023?
In 2023, the median household income in Monmouth County, New Jersey was $122,814, up 3% from $119,177 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Monmouth County in 2020?
In 2020, the median household income in Monmouth County, New Jersey was $103,998. By 2024 it had risen 20% to $124,868.
What is the Gini coefficient in Monmouth County, New Jersey?
The Gini coefficient in Monmouth County is 0.522. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Monmouth County, New Jersey?
Since 2009, the income gap between men and women in Monmouth County, New Jersey has narrowed from about 34% to 26% in 2024. In dollar terms, the gap has widened by $4,294 since 2009.
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