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Carteret, NJ

Full City Profile · New Jersey · Richmond County County

3.2 /5.0
B Good
25,187 Population 5,737/sq mi density
$87,553 Median Income $36,299 per capita
$370,200 Home Value $543,351 Zillow
$2,012 Median Rent 26.6% income on rent
56°F Avg Temperature 275 sunny days/yr
135 Violent Crime/100K 1,121 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$87,553 median income, 5.6% unemployment
A
Affordability
4.3 / 5.0
$370,200 home value, $2,012/mo rent
F
Safety
1.0 / 5.0
135 violent crimes/100K
B
Education
3.2 / 5.0
27.7% bachelor's degree or higher

Income Overview

Median Household Income
$87,553
17% above
US avg: $75,149
Per Capita Income
$36,299
7% below
US avg: $39,052
Unemployment Rate
5.6%
56% above
US avg: 3.6%
Poverty Rate
8.1%
35% below
US avg: 12.4%

Income Comparison: Carteret vs. U.S. Average

Each bar shows Carteret’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$87,553
117%
Per Capita
US: $39,052
$36,299
93%
IRS Avg AGI
US: $72,000
$81,369
113%
Avg Weekly Wage
US: $1,432
$1,325
93%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,325
7% below US avg ($1,432)
Mean Commute Time
32 min
17% above US avg (28 min)
Work From Home
9.2%
39% below US avg (15.2%)
Drive Alone
68.3%
7% below US avg (73.2%)
Public Transit
7.8%
55% above US avg (5.0%)
County GDP
$23,779M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 68.3%
Public Transit 7.8%
Work From Home 9.2%
Other 14.7%
Average commute time
32 minutes
US avg: 28 min

Business Landscape

Total Establishments
10,738
Restaurants
897
Healthcare
1,338
Retail
1,354
Manufacturing
121

Tax & Financial

IRS Avg Adjusted Gross Income
$81,369
13% above US avg ($72,000)
Avg Property Tax
$6,820
95% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$87,553
Per Capita Income$36,299
IRS Avg Adjusted Gross Income$81,369
Avg Weekly Wage$1,325
County GDP$23,779M

Hardship Indicators

Unemployment Rate5.6%
Poverty Rate8.1%
Gini Coefficient0.446
Cost of Living Index108.8

Commute

Mean Commute32 minutes
Drive Alone68.3%
Public Transit7.8%
Work From Home9.2%

Businesses

Total Establishments10,738
Restaurants897
Healthcare1,338
Retail1,354
Manufacturing121

Tax

IRS Avg AGI$81,369
Avg Property Tax$6,820