Essex County, New Jersey
Income Data
At a Glance
How Essex County Compares
Detailed Income Statistics
Data Story
About Household Income in Essex County, New Jersey
Essex matches national income, below potential
Essex County's median household income of $76,712 nearly matches the national median of $74,755, indicating average U.S. earning power. However, Essex's urban density and proximity to New York City suggest income potential exceeding this baseline, indicating economic underperformance relative to geography.
Below state average despite urban advantages
Essex's $76,712 income trails New Jersey's state average of $100,891 by $24,179, reflecting the county's concentrations of lower-wage urban employment. Despite housing major employment centers and dense professional networks, Essex lags affluent suburban counties by substantial margins.
Underperforms Atlantic, trails Burlington significantly
Essex's $76,712 median nearly matches Atlantic ($76,819) but substantially trails Burlington ($105,271) and Gloucester ($102,807). The gap highlights how urban density does not automatically translate to higher median incomes—employment sector composition matters more than geography alone.
High housing costs strain affordability
Essex's 22.8% rent-to-income ratio is among the state's highest, reflecting expensive urban housing and lower incomes combining to create tight budgets. The median home value of $494,400 represents 6.4 years of gross household income—making homeownership out of reach for many Essex families without substantial assistance.
Focus on income growth and cost control
Essex households should prioritize career advancement, professional certifications, and higher-wage sector employment to improve income trajectories. Simultaneously, cutting housing costs through roommates, relocation, or shared ownership models preserves capital for retirement and long-term wealth building.
Frequently Asked Questions
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Your income is above the Essex County median
County median: $76,712 per year
vs. County Median
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vs. State Average
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vs. National Median
+3%
Income Adequacy
Your monthly income ($6,393) vs. median rent ($1,459/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.