Toms River, New Jersey Income Statistics
Toms River 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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B
Toms River Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Toms River | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $100,354 | $103,817 | $80,455 |
| Median Personal Income | $71,784 | $76,200 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.4% | 4.8% |
| Six-Figure Earners | 18.0% | 19.9% | 13.9% |
| $200k+ Households | 17.2% | 21.6% | 13.2% |
The median household income in Toms River is about 3% lower than in New Jersey. Income has been growing slower in Toms River (4.1%/yr) than in New Jersey (4.4%/yr).
About 18% of adults in Toms River 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 Toms River, New Jersey grew by 41.4% from 2009 to 2024, reaching $100,354 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Toms River
| Metric | Toms River | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.525 | 0.544 | 0.552 |
| Male Median Income | $86,199 | $87,197 | $69,667 |
| Female Median Income | $65,108 | $70,502 | $56,850 |
| Gender Pay Gap | 24.5% | 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 Toms River, it is 0.525, 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 32% more than women's income in Toms River, New Jersey. Over a 35-year career, a 32% wage gap accumulates to roughly $738,185 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Toms River, New Jersey has narrowed from about 30% to 24% in 2024. Over that period the gap was widest at 30% in 2020, and was narrowest at 22% in 2014. In dollar terms, the gap has widened by $2,820 since 2009.
Employment
| Metric | Toms River | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 6.3% | 5.2% |
| Working from Home | 12.9% | 16.8% | 15.0% |
| Commute time (minutes) | 22 | 26 | 22 |
Approximately 1,934 people are unemployed in Toms River, New Jersey.
The average commute time in Toms River is 22 minutes, shorter than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Toms River, New Jersey has fallen from 8.4% to 4.3% in 2024. Over that period the rate peaked at 9.1% in 2013.
Conclusion
Considering all these factors, Toms River, New Jersey has an overall wealth index grade of B, making it somewhat better than New Jersey, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Toms River, New Jersey.
How Rich Is Toms River, New Jersey?
Toms River 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 $100,354, about 3% lower than the New Jersey average of $103,817.
Are incomes growing in Toms River, New Jersey?
Between 2009 and 2024, the median household income in Toms River, New Jersey rose 41%, from $70,988 to $100,354. Over the same years, income here lagged behind New Jersey as a whole: +41% against +50%.
What was the median household income in Toms River in 2023?
In 2023, the median household income in Toms River, New Jersey was $95,506, up 4% from $92,241 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Toms River in 2020?
In 2020, the median household income in Toms River, New Jersey was $79,327. By 2024 it had risen 27% to $100,354.
Is unemployment high in Toms River, New Jersey?
Unemployment in Toms River, New Jersey is only 4.3%, well below the New Jersey rate of 6.3%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Toms River, New Jersey?
The Gini coefficient in Toms River is 0.525. 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 Toms River, New Jersey?
Since 2009, the income gap between men and women in Toms River, New Jersey has narrowed from about 30% to 24% in 2024. Over that period the gap was widest at 30% in 2020, and was narrowest at 22% in 2014. In dollar terms, the gap has widened by $2,820 since 2009.
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