Woodbridge, New Jersey Income Statistics
Woodbridge 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
Woodbridge Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Woodbridge | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $111,382 | $103,817 | $80,455 |
| Median Personal Income | $76,782 | $76,200 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.4% | 4.8% |
| Six-Figure Earners | 20.1% | 19.9% | 13.9% |
| $200k+ Households | 19.4% | 21.6% | 13.2% |
The median household income in Woodbridge is about 7% higher than in New Jersey. Income has been growing faster in Woodbridge (4.6%/yr) than in New Jersey (4.4%/yr).
About 20% of adults in Woodbridge earn six figures ($100,000 or more) a year, about the same as the New Jersey average of 20%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Woodbridge, New Jersey grew by 48.0% from 2009 to 2024, reaching $111,382 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Woodbridge
| Metric | Woodbridge | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.544 | 0.552 |
| Male Median Income | $96,840 | $87,197 | $69,667 |
| Female Median Income | $68,071 | $70,502 | $56,850 |
| Gender Pay Gap | 29.7% | 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 Woodbridge, it is 0.534, 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 42% more than women's income in Woodbridge, New Jersey. Over a 35-year career, a 42% wage gap accumulates to roughly $1,006,915 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Woodbridge, New Jersey has widened from about 26% to 30% in 2024. Over that period the gap was narrowest at 20% in 2016. In dollar terms, the gap has widened by $11,689 since 2009.
Sharply against the trend: the pay gap in Woodbridge widened by 3.6 points while New Jersey's narrowed by 4.5 points.
Employment
| Metric | Woodbridge | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 6.3% | 5.2% |
| Working from Home | 15.7% | 16.8% | 15.0% |
| Commute time (minutes) | 27 | 26 | 22 |
Approximately 655 people are unemployed in Woodbridge, New Jersey.
The average commute time in Woodbridge is 27 minutes, longer than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Woodbridge, New Jersey has fallen from 7.6% to 5.4% in 2024. Over that period the rate peaked at 7.8% in 2012 and fell as low as 5.1% in 2019.
Conclusion
Considering all these factors, Woodbridge, New Jersey has an overall wealth index grade of B, making it about on par with New Jersey, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Woodbridge, New Jersey.
How Rich Is Woodbridge, New Jersey?
Woodbridge 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 $111,382, about 7% higher than the New Jersey average of $103,817.
Are incomes growing in Woodbridge, New Jersey?
Between 2009 and 2024, the median household income in Woodbridge, New Jersey rose 48%, from $75,278 to $111,382. Over the same years, income here lagged behind New Jersey as a whole: +48% against +50%.
What was the median household income in Woodbridge in 2023?
In 2023, the median household income in Woodbridge, New Jersey was $108,825, up 4% from $104,988 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Woodbridge in 2020?
In 2020, the median household income in Woodbridge, New Jersey was $92,498. By 2024 it had risen 20% to $111,382.
What is the Gini coefficient in Woodbridge, New Jersey?
The Gini coefficient in Woodbridge is 0.534. 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 Woodbridge, New Jersey?
Since 2009, the income gap between men and women in Woodbridge, New Jersey has widened from about 26% to 30% in 2024. Over that period the gap was narrowest at 20% in 2016. In dollar terms, the gap has widened by $11,689 since 2009.
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