According to the U.S. Census Bureau, the median household income in New Jersey is $97,126.

For comparison purposes, Delaware's is just under $80K, Pennsylvania is around $73K, and New York is close to $82,000.

While that is an impressive number, we all know just how expensive it is to live here. By the time you pay taxes on everything, there's not much left.

Property Taxes Alone are Sky High

According to NJ.com,

• Statewide average property tax bill increased to a record high $9,490 in 2022, an increase of $206 from the previous year

• Median property taxes paid in the Garden State was #1 in the nation at $8,797 — more than $2,500 higher than second place Connecticut.

High Poverty Rate

While the average household is bringing in nearly $100,000 a year, on the other hand, the poverty rate in the Garden State is rather high.

According to the Census Bureau, 9.7% of people in New Jersey live in poverty.

Compare and Contrast

So with a large number of people living comfortably (not that $97K/year in this state has you living in pure luxury) and a large number of people struggling to put food on the table, let's compare and contrast the 30 richest and 30 poorest neighborhoods across New Jersey.

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Richest towns in New Jersey, Poorest towns in New Jersey, Rich vs. Poor in New Jersey,Poverty rate in New Jersey,Wealthy cities in New Jersey