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However, the income gap between south, central and northern NJ is clearly narrowing. Burlington County saw a huge 8% increase from 2006. Gloucester County saw a huge increase as well. Hunterdon and Somerset still rank among the nation's highest. I also included PA burbs for those interested. I included Mercer as part of South because most of it is considered part of the Delaware Valley. Not every county is listed. Enjoy!
The new data are from 2007:
South
Burlington $74,000 +8% increase from 2006
Gloucester $71,000, huge increase from 2006
Mercer $70,000
Camden $60,000 (City of Camden drags down average)
Cape May $52,000
Central
Hunterdon $100,000 (one of highest in nation)
Somerset $97,000 (one of highest in nation)
Monmouth $78,000
Middlesex $75,000
Ocean $56,000
North
Morris $94,000 (one of highest in nation)
Bergen $80,000 (on the decline)
Sussex $78,000
Passaic $55,000
Essex $54,000
Hudson $52,000
Not too shabby.. I think the increase in some counties and PA counties is due to the transplanting - downsizing for those moving out of the wealthier counties and or other States?
The report shows a growing income gap in NJ from the wealthy to the poor. It think the data show a general migration south and west. Bergen has clearly seen out-migration.
The report shows a growing income gap in NJ from the wealthy to the poor. It think the data show a general migration south and west. Bergen has clearly seen out-migration.
All the Bergen People are heading my way... seems to be my pool of home buyers. makes sence though... sell your 1/2 million dollar cap cod on 0.10 acres in Bergen and buy a mcmansion out west on 4 acres for the same price.
All the Bergen People are heading my way... seems to be my pool of home buyers. makes sence though... sell your 1/2 million dollar cap cod on 0.10 acres in Bergen and buy a mcmansion out west on 4 acres for the same price.
And then a yuppie NYC transplant buys the 1/2 million dollar cap cod on 0.10 acres, right?
Hunterdon and Somerset still rank among the nation's highest.
The new data are from 2007:
Central
Hunterdon $100,000 (one of highest in nation)
Somerset $97,000 (one of highest in nation)
More than Bergen and Morris WOW, I am very shocked.
Quote:
Originally Posted by MoorestownResident
North
Morris $94,000 (one of highest in nation)
Bergen $80,000 (on the decline)
Sussex $78,000
Passaic $55,000
Essex $54,000
Hudson $52,000
I am surprised Bergen is so far behind Morris, Hunterdon and Somerset. Sussex at $78k, WOW. Wonder if Essex data can be partitioned for 'West Essex' and if the Hudson data can be partitioned for Hoboken and Jersey City. What county is Edgewater (Hudson or Bergen)?
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