Is Monmouth County wealthy?

Monmouth County generated the most wealth in New Jersey during the past decade, according to a new study, in a sign that the county was well positioned during the pandemic to take advantage of the shift to remote work. SmartAsset, a financial advising company, found home values soared − and household income followed.

Is Monmouth County a wealthy county?

Median household income in Monmouth County, NJ is $110,356. In 2021, the tract with the highest Median Household Income in Monmouth County, NJ was Census Tract 8038 with a value of $250,001, followed by Census Tract 8033 and Census Tract 8042, with respective values of $230,516 and $212,069.

Which is the wealthiest county in NJ?

If you are healthy, wealthy and wise, Somerset County may be the place for you to live in New Jersey. Recent studies have ranked Somerset County as the wealthiest in the state, the most educated and the third healthiest.

What is the richest town in Monmouth County NJ?

Fair Haven. Fair Haven is located in Monmouth County with a population of 6,235. According to Niche, Median Home Value is $796,500, and the Median Rent is $2,143. Both averages are above the National average.

What is the wealthiest town in NJ?

Short Hills

The richest town in New Jersey is Short Hills. It is also one of the country's wealthiest, with a median household income of $250,000. This places it in the top 1% of all cities in the United States when it comes to income, and many allege it's far wealthier than its $250,000 price tag.

4 Wealthiest Towns in Monmouth County

What is the poorest county in NJ?

Reaching those experiencing homelessness is challenging in mostly rural Cumberland County, New Jersey, a one-hour car ride from Philadelphia. It is often cited as the poorest county in the state, based on census figures. While the poverty rate in New Jersey is just under 10%, Cumberland's is at 15.5%.

What is the poorest city in New Jersey?

Camden, the poorest city in the state, has a poverty rate of 35.5%. Other poor areas are the cities across the Hudson River from New York City, including Newark, Paterson, and Passaic.

Is Monmouth County expensive to live?

Cost of Living in Monmouth County

If the U.S. average cost of living has a 100 rank, the Monmouth County area's cost of living is 129.1. That makes it significantly more expensive than other areas in the country. It's also a bit more expensive than the overall cost of living in New Jersey, which comes in at 119.8.

Is Monmouth County a good place to live?

Monmouth County is one of the best places to live in New Jersey. In Monmouth County, most residents own their homes. In Monmouth County there are a lot of bars, restaurants, coffee shops, and parks.

What is Monmouth County known for?

Monmouth County is known as the heart of the Jersey Shore, but it offers far more than just 27 miles of sandy beaches for summer vacationers. You'll find historical attractions, shopping, fine dining, abundant parks, excellent golfing, great schools, local theatre, and walkable neighborhoods.

What billionaires live in NJ?

Commisso, the founder and CEO of cable company Mediacom, is listed at No. 114 on the Forbes list and is worth $8 billion, up from $7.7 billion in 2022, Forbes said. The other two New Jerseyans who follow are John Overdeck (No. 137 at $7.3 billion) and Peter Kellogg (No.

Where do most millionaires live in NJ?

Where Do Millionaires Live In NJ? Millionaires in New Jersey tend to live in affluent communities such as Harding Township, Chatham, Mendham, and Short Hills.

What percent of Monmouth County is white?

Monmouth County is comprised of 85.4% White residents. This is above the percentage of White residents across both New Jersey and the United States.

What is the crime rate in Monmouth County NJ?

The Ocean Township - Monmouth County NJ crime rate for 2018 was 74.22 per 100,000 population, a 34.1% decline from 2017. The Ocean Township - Monmouth County NJ crime rate for 2017 was 112.63 per 100,000 population, a 12.89% decline from 2016.

What is the life like in Monmouth County?

Monmouth County is known for its picturesque towns, beautiful beaches, and excellent schools. The county has a diverse housing market, with a wide range of prices for both single-family homes and condos. As of 2021, the average home price in Monmouth County was approximately $500,000.

What is the minimum wage in Monmouth NJ?

Starting Jan. 1, New Jersey's minimum wage will rise by $1 and reach its highest level ever, $15.13 an hour, thanks to a law passed by Democratic lawmakers and signed by Gov. Phil Murphy in 2019. The hourly minimum currently stands at $14.13 an hour.

What is the most diverse city in Monmouth County NJ?

Asbury Park

#1 Most Diverse Places to Live in Monmouth County.

What county in NJ is cheapest to live in?

Is New Jersey wealthy?

1. New Jersey. New Jersey has a total of three counties among the 15 wealthiest counties in the U.S., according to 2017-2021 Census Bureau figures. Its richest county – Morris County – has a median household income of $123,727.

What are the top 5 poorest states?

According to the U.S. Census Bureau, the national poverty rate was 12.4% in 2022, up from 11.2% in 2021. These states have the highest percentages of poverty in the country: Mississippi, Louisiana, West Virginia, New Mexico, Arkansas, Kentucky, Alabama, Oklahoma, Texas, and New York.

What is the number 1 poorest state?

Mississippi is the poorest state in the US, with a poverty rate of 18.7%.