West New York, New Jersey Income Statistics
West New York 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
West New York Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | West New York | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,883 | $103,817 | $80,455 |
| Median Personal Income | $50,621 | $76,200 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.4% | 4.8% |
| Six-Figure Earners | 12.7% | 19.9% | 13.9% |
| $200k+ Households | 11.4% | 21.6% | 13.2% |
The median household income in West New York is about 31% lower than in New Jersey. Income has been growing faster in West New York (4.6%/yr) than in New Jersey (4.4%/yr).
About 13% of adults in West New York 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 West New York, New Jersey grew by 70.3% from 2009 to 2024, reaching $71,883 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in West New York
| Metric | West New York | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.584 | 0.544 | 0.552 |
| Male Median Income | $58,283 | $87,197 | $69,667 |
| Female Median Income | $51,550 | $70,502 | $56,850 |
| Gender Pay Gap | 11.6% | 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 West New York, it is 0.584, 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 13% more than women's income in West New York, New Jersey. Over a 35-year career, a 13% wage gap accumulates to roughly $235,655 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in West New York, New Jersey has stayed about the same since 2009, at around 12%. Over that period the gap was widest at 18% in 2021, and in 2016 women out-earned men by 0%. In dollar terms, the gap has widened by $2,323 since 2009.
Employment
| Metric | West New York | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.4% | 6.3% | 5.2% |
| Working from Home | 13.7% | 16.8% | 15.0% |
| Commute time (minutes) | 32 | 26 | 22 |
Approximately 2,519 people are unemployed in West New York, New Jersey.
The average commute time in West New York is 32 minutes, longer than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in West New York, New Jersey has fallen from 11.9% to 8.4% in 2024. Over that period the rate peaked at 14.2% in 2013 and fell as low as 5.7% in 2019.
West New York, NJ Wealth Compared With Nearby Cities
West New York, NJ is typical in size for this group, 51,736 residents against a local median of 58,199, so the measures below are close to a like for like comparison. West New York, NJ's unemployment, at 8.4%, runs 90% above the 4.4% typical of the cities around it. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $71,883 against a local median of $93,509, 23% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: West New York, NJ reads weaker than its neighbours on all of them. The cities themselves spread 5.6% on unemployment, so West New York, NJ sits at one end of an already wide local range rather than apart from it. West New York, NJ has the 3rd lowest unemployment of the 4 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. |
|---|---|---|---|---|---|
| West New York, NJ | 51,736 | $71,883 #3/4 | 4.6%/yr #4/4 | 8.4% #3/4 | 0.584 #3/4 |
| Union City, NJ | 66,416 | $64,444 | 5.4%/yr | 9.4% | 0.586 |
| Cliffside Park, NJ | 25,703 | $93,509 | 5.6%/yr | 4.4% | 0.554 |
| Hoboken, NJ | 58,199 | $178,015 | 5.2%/yr | 3.8% | 0.426 |
Conclusion
Considering all these factors, West New York, New Jersey has an overall wealth index grade of D, making it somewhat worse than New Jersey, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in West New York, New Jersey.
How Rich Is West New York, New Jersey?
West New York 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 $71,883, about 31% lower than the New Jersey average of $103,817.
How fast is household income rising in West New York, New Jersey?
Between 2009 and 2024, the median household income in West New York, New Jersey rose 70%, from $42,216 to $71,883. Over the same years, income here outpaced New Jersey as a whole: +70% against +50%.
What was the median household income in West New York in 2023?
In 2023, the median household income in West New York, New Jersey was $67,881, down 3% from $69,814 in 2022. The New Jersey median that year was $101,191.
What was the median household income in West New York in 2020?
In 2020, the median household income in West New York, New Jersey was $63,850. By 2024 it had risen 13% to $71,883.
Is unemployment high in West New York, New Jersey?
Unemployment in West New York, New Jersey is 8.4%, well above the New Jersey rate of 6.3%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in West New York, New Jersey?
The Gini coefficient in West New York is 0.584. 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 West New York, New Jersey?
The income gap between men and women in West New York, New Jersey has stayed about the same since 2009, at around 12%. Over that period the gap was widest at 18% in 2021, and in 2016 women out-earned men by 0%. In dollar terms, the gap has widened by $2,323 since 2009.
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