Morris County, New Jersey Income Statistics
Morris 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.
-
A+
Morris County Top gradeAmong the top 3 wealthiest counties in New Jersey
Source: Map AI Methodology
Income Statistics Overview
| Metric | Morris County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $137,937 | $103,817 | $80,455 |
| Median Personal Income | $96,461 | $76,200 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.4% | 4.8% |
| Six-Figure Earners | 27.8% | 19.9% | 13.9% |
| $200k+ Households | 32.3% | 21.6% | 13.2% |
The median household income in Morris County is about 33% higher than in New Jersey. Income has been growing slower in Morris County (3.6%/yr) than in New Jersey (4.4%/yr).
About 28% of adults in Morris 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 Morris County, New Jersey grew by 42.9% from 2009 to 2024, reaching $137,937 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Morris County
| Metric | Morris County | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.516 | 0.544 | 0.552 |
| Male Median Income | $108,818 | $87,197 | $69,667 |
| Female Median Income | $86,618 | $70,502 | $56,850 |
| Gender Pay Gap | 20.4% | 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 Morris County, it is 0.516, 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 26% more than women's income in Morris County, New Jersey. Over a 35-year career, a 26% wage gap accumulates to roughly $777,000 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Morris County, New Jersey has narrowed from about 31% to 20% in 2024. Over that period the gap was widest at 33% in 2010. In dollar terms, the gap has narrowed by $2,464 since 2009.
Employment
| Metric | Morris County | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 6.3% | 5.2% |
| Working from Home | 21.8% | 16.8% | 15.0% |
| Commute time (minutes) | 25 | 26 | 22 |
Approximately 14,990 people are unemployed in Morris County, New Jersey.
The average commute time in Morris County is 25 minutes, shorter than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Morris County, New Jersey has fallen from 6.4% to 5.2% in 2024. Over that period the rate peaked at 7.3% in 2013 and fell as low as 4.3% in 2019.
Morris County, NJ Wealth Compared With Nearby Counties
Morris County, NJ is typical in size for this group, 514,287 residents against a local median of 520,457, so the measures below are close to a like for like comparison. Morris County, NJ's median household income, at $137,937, runs 33% above the $104,008 typical of the counties around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 5.2% against a local median of 6.5%, 20% below it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while income growth runs behind it, so Morris County, NJ is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread $59,187 on median household income, so Morris County, NJ sits at one end of an already wide local range rather than apart from it. Morris County, NJ has the 2nd 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. |
|---|---|---|---|---|---|
| Morris County, NJ | 514,287 | $137,937 #2/6 | 3.6%/yr #5/6 | 5.2% #3/6 | 0.516 #3/6 |
| Passaic County, NJ | 520,457 | $88,196 | 4.5%/yr | 8.0% | 0.559 |
| Essex County, NJ | 861,155 | $81,239 | 5.0%/yr | 8.7% | 0.578 |
| Somerset County, NJ | 349,714 | $140,426 | 3.9%/yr | 4.7% | 0.515 |
| Union County, NJ | 578,268 | $104,008 | 5.0%/yr | 6.5% | 0.548 |
| Sussex County, NJ | 145,409 | $116,052 | 3.6%/yr | 5.1% | 0.504 |
Conclusion
Considering all these factors, Morris County, New Jersey has an overall wealth index grade of A+, making it somewhat better than New Jersey, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Morris County, New Jersey.
How Rich Is Morris County, New Jersey?
Morris 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 it is one of the most prosperous areas in the country. The median household income is $137,937, about 33% higher than the New Jersey average of $103,817.
Are incomes growing in Morris County, New Jersey?
Between 2009 and 2024, the median household income in Morris County, New Jersey rose 43%, from $96,512 to $137,937. Over the same years, income here lagged behind New Jersey as a whole: +43% against +50%.
What was the median household income in Morris County in 2023?
In 2023, the median household income in Morris County, New Jersey was $134,897, up 3% from $130,668 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Morris County in 2020?
In 2020, the median household income in Morris County, New Jersey was $117,953. By 2024 it had risen 17% to $137,937.
How many people earn six figures in Morris County, New Jersey?
Yes. 28% of adults in Morris County, New Jersey earn $100,000 or more a year (about 1 in 4), against 20% (about 1 in 5) in New Jersey. 32% of households have a combined income of $200,000 or more, compared with 22% in New Jersey.
What is the Gini coefficient in Morris County, New Jersey?
The Gini coefficient in Morris County is 0.516. 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 Morris County, New Jersey?
Since 2009, the income gap between men and women in Morris County, New Jersey has narrowed from about 31% to 20% in 2024. Over that period the gap was widest at 33% in 2010. In dollar terms, the gap has narrowed by $2,464 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →