Essex County NJ Information

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Essex County Subdivisions

Essex County NJ Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 873,361 (100%)
Population in Households 846,699 (96.9%)
Population in Families 689,105 (78.9%)
Population in Group Quarters1 26,662 ( 3.1%)
Population Density 6,920
Diversity Index2 83
 
 

INCOME

Median Household Income $69,807
Average Household Income $123,692
% of Income for Mortgage4 44%
Per Capita Income $45,389
Wealth Index5 117
Socioeconomic Status Index6 Low (43.9)
 

HOUSING

Total HU (Housing Units) 342,118 (100%)
Owner Occupied HU 144,775 (42.3%)
Renter Occupied HU 175,241 (51.2%)
Vacant Housing Units 22,102 ( 6.5%)
Median Home Value $510,915
Average Home Value $583,766
Housing Affordability Index3 45
 

HOUSEHOLDS

Total Households 320,016
Average Household Size 2.65
Family Households 208,107
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.34% 0.09%
Households 0.69% 0.44%
Families   0.43%
Median Household Income   2.66%
Per Capita Income   3.00%
Owner Occupied HU   0.63%

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Essex County NJ - Peer Comparisons by Rank and Percentile

The table below compares Essex County to the other 21 counties and county equivalents in New Jersey by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 2 95th
Population Density # 2 95th
Median Household Income # 19 14th
Housing Affordability Index # 1 5th
Per Capita Income # 15 33rd
Diversity Index # 5 81st

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.

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