The Census Bureau has released the latest estimates from the American Community Survey data to estimate the median household income. We have crunched the numbers and the rankings are in. See the ZIPs in New Jersey with the highest median household income below, and the lowest median household income ZIPs. Only ZIP codes with a low margin of error are included.
Higher incomes can bring more money for school districts, more money for local government services, and more consumer spending, but can also bring higher costs of living as people flock to booming areas. Does high income in an area indicate great employment opportunities, a high cost of living, or both? You be the judge for the areas below.
The New Jersey median household income from the latest estimates is $80,088 and has risen 5.2% from $76,126.
This year saw several big changes. 08558 (Skillman, NJ) rose from #6 to #2, 08550 (Princeton Junction, NJ) rose from #4 to #3, 07028 (Glen Ridge, NJ) ranked for the first time, 08502 (Belle Mead, NJ) rose from #8 to #6, and 07423 (Ho Ho Kus, NJ) rose from #12 to #7.