IncomeBy County

Morris County, New Jersey

Income Data

U.S. Census Bureau ACS
+34% vs. New Jersey average
$134,929
Median Household Income
$69,226
Per Capita Income

At a Glance

Median Household Income
$134,929
+34% vs. state avg
Per Capita Income
$69,226
+75% vs. national
Income-to-Housing Ratio
24.2%
income as % of home value
Rank in New Jersey
#3 / 21
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How Morris County Compares

Morris County$134,929
New Jersey Average$100,891
National Median$74,755

Detailed Income Statistics

$134,929
Median Household Income
$69,226
Per Capita Income
$557,000
Median Home Value
24.2%
Income-to-Housing Ratio

Income Advisory: Morris County

Income Verdict

Morris County has a median household income of $134,929 and per capita income of $69,226 — a gap of $65,703, suggesting a typical mix of dual-income and single-earner households.

Housing Affordability

With median gross rent at $1,860/month and a median household income of $134,929, rent consumes approximately 16.5% of monthly income — well within affordable thresholds.

Economic Context

The median household income of $134,929 places Morris County in a high-earning tier, supporting strong purchasing power and above-average consumer spending. Per capita income of $69,226 reflects a relatively affluent population with substantial individual earning capacity.

Neighbor Context

Morris County earns approximately 33.7% above the New Jersey state median household income of $100,891, positioning it favorably within the state.

Data Story

About Household Income in Morris County, New Jersey

Morris County earns 80% above U.S. median

Morris County's median household income of $134,929 is among the highest in the nation, exceeding the U.S. median of $74,755 by $60,174. This exceptional performance reflects an economy concentrated in finance, corporate headquarters, and professional services, attracting highly paid executives and specialists.

New Jersey's wealthiest county

At $134,929, Morris County ranks first among all 21 New Jersey counties, exceeding the state median of $100,891 by $34,038. The county's income leadership reflects its position as a premier business and residential destination for New Jersey's highest-earning households.

Morris dominates the regional income hierarchy

Morris County's $134,929 median income surpasses all nearby counties, narrowly edging Hunterdon County ($139,453) and significantly outpacing Passaic County ($87,137) and Mercer County ($96,333). This income dominance reflects Morris's concentration of corporate offices and affluent residential communities.

Lowest housing burden among wealthy counties

Morris residents spend 16.5% of household income on rent, well below the 20% affordability threshold and among the best ratios statewide. With a median home value of $557,000, the county's exceptional incomes support homeownership without financial strain, even in this expensive market.

Pursue aggressive wealth accumulation

Morris County's median household income of $134,929 provides unparalleled capacity for comprehensive wealth building across multiple investment vehicles and asset classes. Households should maximize all available retirement contributions, diversify into real estate and equities, and consider working with a financial advisor to structure intergenerational wealth transfer and tax-efficient investing strategies.

Frequently Asked Questions

What is the median household income in Morris County, New Jersey?
The median household income in Morris County, New Jersey is $134,929, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Morris County?
The per capita income in Morris County is $69,226, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $134,929.
How does Morris County compare to the New Jersey average?
Morris County's median household income of $134,929 is higher than the New Jersey state average of $100,891. The per capita income is $69,226, compared to the state average of $52,255.
What is the per capita income in Morris County, New Jersey?
The per capita income in Morris County, New Jersey is $69,226, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Morris County income higher than the New Jersey average?
Morris County's median household income of $134,929 is higher than the New Jersey average of $100,891. This difference of $34,038 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Morris County rank for income in New Jersey?
Morris County ranks #3 out of 21 counties in New Jersey by median household income (1 = highest). With a median household income of $134,929 and per capita income of $69,226, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Morris County

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1.00x

Your income is above the Morris County median

County median: $134,929 per year

vs. County Median

+0%

vs. State Average

+34%

vs. National Median

+80%

vs. Morris County MedianAbout equal
vs. New Jersey Average▲ 34% above
vs. National Median▲ 80% above

Income Adequacy

Monthly income covers median rent6.0x

Your monthly income ($11,244) vs. median rent ($1,860/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Counties with Similar Income Levels

Somerset County
New Jersey
$135,960
+1%
Stafford County
Virginia
$133,792
-1%
Summit County
Utah
$137,058
+2%
Fairfax city
Virginia
$132,774
-2%
Calvert County
Maryland
$132,059
-2%
Forsyth County
Georgia
$138,000
+2%
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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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