Jersey City New Jersey Income Charts

This section shows the Jersey City New Jersey economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Jersey City depicts it has a Median earnings of $69,576 which is the third most median earnings of all other places in the greater Jersey City region. The city with the highest median earnings per worker in the area is Hoboken which shows a median earnings of $106,649 (53.3% larger). Comparing median earnings per worker to the United States average of $53,269, Jersey City is 30.6% larger. Also, compared to the state of New Jersey, median earnings per worker of $66,099, Jersey City is only about 5.3% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $81,390 which is the third most median income of all other places in the greater Jersey City region. The city with the highest median household income in the area is Hoboken which shows a median income of $160,890 (about twice as large). Comparing median household income to the United States average of $69,021, Jersey City is 17.9% larger. Also, in comparison with the state of New Jersey, median household income of $89,703, Jersey City is about 10.2% smaller.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.7 which is the second most average hours of all the places in the greater Jersey City region. The city with the highest average hours in the area is Hoboken which depicts an average hours of 44.0 (10.8% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $33.70 which is the third most average hourly earnings of all other places in the greater Jersey City region. The city with the highest average hourly earnings in the area is Hoboken which depicts an average hourly earnings of $46.61 (38.3% larger). Comparing average hourly earnings to the United States average of $26.40, Jersey City is 27.7% larger. Also, measured against the state of New Jersey, average hourly earnings of $33.02, Jersey City is only slightly larger.

Figure 7 examines the number of self employed people in the Jersey City metro area based on the number of people who reported any self employment income. Jersey City depicts it has a Self Employed of 8.7% which is in the mid range of other places in the metro area. The city with the highest percentage of people self employed in the area is Secaucus which depicts a percentage self employed of 11.3% (31.1% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $111,193 of the total and is ranked #3. Only #2 Secaucus ($149,063), and #1 Hoboken ($189,778) are larger. Second, it has the second smallest as measured by median income for those under 25 years of age of all the other places in the greater region when ranked by median income-25 to 44 years at $74,781 of the total. Third, it has less than most other places in the metro area when sorted by median income-45 to 64 years at $34,453 of the total.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 11.5% which is in the mid point range of other places in the metro area. The city with the highest households with retirement income in the area is Secaucus which shows a households with retirement income of 19.0% (64.5% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $102,046 of the total and is ranked #3. Only #2 Secaucus ($148,725), and #1 Hoboken ($211,108) are larger. Second, it has less than most other places in the metro area when ranked by white family income at $61,690 of the total. Third, it has one of the largest proportions of black family income at $57,670 of the total and is ranked #2. The only larger city being Union City with $61,382. Also, it has the second smallest when ranked by overall family income of all the other places in the greater region when sorted by american indian family income at $125,985 of the total. In addition, it has one of the largest proportions of hawaiian family income at $62,202 of the total and is ranked #3. Only #2 Kearny ($73,314), and #1 Secaucus ($83,700) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Jersey City shows it has the hightest cost of 150.3 for the cost of housing group.

Jersey City New Jersey Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It shows that from February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 9.8% to 3.4% in February 2020. This represents a decrease in the monthly unemployment rate of 65.3%. Since that time, the monthly unemployment rate has gone to 3.9% This represents an increase in the monthly unemployment rate of 14.7%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It shows that from February 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly labor force participation went from 136,109 to 147,476 in March 2020. This represents an increase in the monthly labor force participation of 8.4%. Since that time, the monthly labor force participation has gone to 142,569 This represents a decrease in the monthly labor force participation of 3.3%.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Jersey City depicts it has a Unemployment Rate of 4.0% which is in the mid point range of other places in the metropolitan area. The city with the highest unemployment rate in the area is Union City which depicts a rate of 5.1% (27.3% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Jersey City depicts it has a Labor Force Participation of 69.1% which is the third most participation rates of all other places in the greater Jersey City region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Jersey City depicts full time employees very much bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Jersey City area. Jersey City depicts it has a Single Earner Families of 31.7% which is in the middle range of other places in the metro area. The city with the highest families with a single earner in the area is Bayonne which depicts a single earners rate of 35.6% (12.3% larger). The percentage of families with no one working is depicted in Figure 22. Jersey City indicates it has a Families with No One Working of 10.1% which is less than most other places in the local area. The city with the highest families with no one working in the area is Bayonne which depicts a families with no worker of 14.7% (45.5% larger).

Jersey City New Jersey Poverty Charts

The next section details economy analysis about poverty for residents of the Jersey City community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Jersey City shows it has a Total In Poverty of 45,883 which is ranked #1 of all places in the greater Jersey City region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Jersey City depicts it has a Percent of Population In Poverty of 16.1% which is the third most of all other places in the area. The city with the highest percent of people earning less than the poverty level in the area is Union City which depicts a percent of people in poverty of 20.0% (23.7% larger).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Jersey City has the percentage of black poverty rate the second smallest in terms of white poverty rate of all the other places in the area at 14% of the total. Second, it has the largest proportion of hawaiian poverty rate at 22% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Jersey City has the largest proportion of married with children and in poverty at 47% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 50% of the total and is ranked #1. Third, it has one of the largest proportions of unmarried female with children and in poverty at 29% of the total and is ranked #2. The only larger city being Harrison with 38%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Jersey City has one of the largest proportions of highschool graduate and in poverty at 16% of the total and is ranked #2. The only larger city being Union City with 18%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Jersey City has the percentage of people who are in poverty and unemployed less than most other places in the surrounding region at 21.7% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Jersey City depicts it has a Public Assistance Percent of 15.3% which is the third most households with public assistance of all other places in the greater Jersey City region. The city with the highest households with public assistance in the area is Union City which depicts a households with public assistance of 22.2% (45.5% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Jersey City shows it has a Gini Index of 51.0% which is the largest of all places in the greater Jersey City region.

Jersey City New Jersey Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Jersey City or elsewhere.) Jersey City has the percentage of people who drove alone the second smallest in order of people who drove alone of all the other places in the metro area at 29% of the total. Second, it has the largest proportion of people who take a Subway or elevated rail at 25% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Jersey City has the percentage of people who leave for work between 12am to 5am less than most other places in the area at 2% of the total. Second, it has the smallest proportion of people who leave for work between 630 am to 7am at 12% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Jersey City has the smallest proportion of people with commute time of less than 5 minutesutes at 2% of the total.

The average commute time is shown in Figure 37. Jersey City shows it has a Avg Commute Time of 37 which is the third most average commute time of all other places in the greater Jersey City region. Figure 38 shows the difference between male versus female commuting time. Jersey City depicts average commute time in minutes for men 24.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Jersey City has one of the largest proportions of no vehicle available at 44% of the total and is ranked #2. The only larger city being Hoboken with 57%. Second, it has the second smallest when sorted by no vehicle available of all the other places in the local area when ranked by 1 vehicle available at 19% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Jersey City depicts it has a Work in city or place where live of 39% which is the most of all places in the greater Jersey City region. Comparing people who both work and live in the same city to the United States average of 44%, Jersey City is about 11.7% smaller. Also, in contrast to the state of New Jersey, people who both work and live in the same city of 24%, Jersey City is 63.1% larger.

Jersey City New Jersey Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Jersey City shows it has the hightest median earnings of $120,221 for the earnings-healthcare practitioners and tech occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Jersey City depicts it has the hightest median earnings of $96,641 for the earnings-computer, engineering, and science occupations classification. The table in Figure 48, shows Jersey City employment data in terms of job categories and salary data.

Jersey City New Jersey Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Jersey City depicts it has the hightest entrepreneurs of 53% for the self employed management, business, science, and arts businesses classification.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Jersey City depicts it has the hightest entrepreneurs of 27% for the self employed in professional, scientific, management, administrative services classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Jersey City indicates it has a Self Employment Income of $36,797 which is the third most average annual self employment income of all other places in the greater Jersey City region. The city with the highest average annual self employment income in the area is Hoboken which shows an average annual self employment income of $56,470 (53.5% larger). Comparing average annual self employment income to the United States average of $42,141, Jersey City is about 14.5% smaller. Also, versus the state of New Jersey, average annual self employment income of $51,981, Jersey City is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Jersey City shows total number of self-employed men 53.6% larger as the total number of self-employed women.