Trenton, New Jersey Income Statistics
Trenton 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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D
Trenton Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Trenton | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $52,369 | $103,817 | $80,455 |
| Median Personal Income | $44,712 | $76,200 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.4% | 4.8% |
| Six-Figure Earners | 5.4% | 19.9% | 13.9% |
| $200k+ Households | 4.7% | 21.6% | 13.2% |
The median household income in Trenton is about 50% lower than in New Jersey. Income has been growing faster in Trenton (5.4%/yr) than in New Jersey (4.4%/yr).
About 5% of adults in Trenton 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 Trenton, New Jersey grew by 47.8% from 2009 to 2024, reaching $52,369 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Trenton
| Metric | Trenton | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.572 | 0.544 | 0.552 |
| Male Median Income | $51,101 | $87,197 | $69,667 |
| Female Median Income | $43,752 | $70,502 | $56,850 |
| Gender Pay Gap | 14.4% | 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 Trenton, it is 0.572, 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 17% more than women's income in Trenton, New Jersey. Over a 35-year career, a 17% wage gap accumulates to roughly $257,215 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Trenton, New Jersey has widened from about -2% to 14% in 2024. Over that period the gap in 2017 women out-earned men by 16%. In dollar terms, the gap has widened by $7,833 since 2009.
Sharply against the trend: the pay gap in Trenton widened by 16.0 points while New Jersey's narrowed by 4.5 points.
Employment
| Metric | Trenton | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.1% | 6.3% | 5.2% |
| Working from Home | 7.1% | 16.8% | 15.0% |
| Commute time (minutes) | 21 | 26 | 22 |
Approximately 4,168 people are unemployed in Trenton, New Jersey.
The average commute time in Trenton is 21 minutes, shorter than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Trenton, New Jersey has fallen from 15.3% to 10.1% in 2024. Over that period the rate peaked at 18.5% in 2014 and fell as low as 10.1% in 2021.
Conclusion
Considering all these factors, Trenton, New Jersey has an overall wealth index grade of D, making it worse than New Jersey, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Trenton, New Jersey.
How Rich Is Trenton, New Jersey?
Trenton has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $52,369, about 50% lower than the New Jersey average of $103,817.
Are incomes growing in Trenton, New Jersey?
Between 2009 and 2024, the median household income in Trenton, New Jersey rose 48%, from $35,430 to $52,369. Over the same years, income here lagged behind New Jersey as a whole: +48% against +50%.
What was the median household income in Trenton in 2023?
In 2023, the median household income in Trenton, New Jersey was $47,537, up 7% from $44,461 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Trenton in 2020?
In 2020, the median household income in Trenton, New Jersey was $37,079. By 2024 it had risen 41% to $52,369.
Is unemployment high in Trenton, New Jersey?
Unemployment in Trenton, New Jersey is 10.1%, well above the New Jersey rate of 6.3%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Trenton, New Jersey?
The Gini coefficient in Trenton is 0.572. 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 Trenton, New Jersey?
Since 2009, the income gap between men and women in Trenton, New Jersey has widened from about -2% to 14% in 2024. Over that period the gap in 2017 women out-earned men by 16%. In dollar terms, the gap has widened by $7,833 since 2009.
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