Moving in New Jersey: Where is Income Inequality Greatest?
If you’re considering moving to or within New Jersey, there are dozens of factors that will affect your decision of where to live, including economic health, quality of education, your commute, and more. In our “Moving in New Jersey” series, we take a look at some of these key indicators around the state to help you narrow down a list of places you might like to call home.
Income inequality is a trending topic in our national conversation — namely because it’s growing. Or, as you’ve probably heard “the rich are getting richer, and the poor are getting poorer.” It’s something you might be especially aware of if you live in New Jersey — the state has the 13th highest level of income inequality, according to the most recent U.S. Census data.
Of course, this isn’t the case everywhere in the state. Certain towns have a much greater income inequality than others. So where is it the highest? Below are the towns that rank highest on the GINI Index, the measurement used to determine income inequality. All data is according to NJ.com.
Overall Rank
1. Deal, Monmouth County,
GINI Score: 0.6190
2. Saddle River, Bergen County
GINI Score: 0.6004
3. Far Hills, Somerset County
GINI Score: 0.5999
4. Stone Harbor Borough, Cape May County
GINI Score: 0.5873
5. Alpine, Bergen County
GINI Score: 0.5870
6. Long Beach Ocean County
GINI Score: 0.5602
7. Old Tappan, Bergen County
GINI Score: 0.5573
8. Harvey Cedars Borough, Ocean County
GINI Score: 0.5556
9. Atlantic City, Atlantic County
GINI Score: 0.5462
10. Harding, Morris County
GINI Score: 0.5423
In Cities with more than 10,000 Residents
1. Atlantic City, Atlantic County
GINI Score: 0.5462
2. Montclair, Essex County
GINI Score: 0.5385
3. Princeton, Mercer County
GINI Score: 0.5369
4. Summit, Union County
GINI Score: 0.5311
5. Englewood, Bergen County
GINI Score: 0.5214
6. Weehawken, Hudson County
GINI Score: 0.5211
7. Asbury Park, Monmouth County
GINI Score: 0.5193
8. Tenafly, Bergen County
GINI Score: 0.5164
9. Moorestown, Burlington County
GINI Score: 0.5152
10. Franklin Lakes, Bergen County
GINI Score: 0.5141
Stay tuned for more data on where to move in New Jersey!
