Morris County, New Jersey
Income Data
At a Glance
How Morris County Compares
Detailed Income Statistics
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
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Income Comparison Calculator
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County median: $134,929 per year
vs. County Median
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vs. State Average
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vs. National Median
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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.