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Lower Berkshire Valley, NJ
Full City Profile · New Jersey · Morris County County
3.7
/5.0
B+
Good
532
Population
527/sq mi density
$99,957
Median Income
$61,394 per capita
$392,000
Home Value
$484,472 Zillow
53°F
Avg Temperature
275 sunny days/yr
39
Violent Crime/100K
578 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$99,957 median income, 3.7% unemployment
A
Affordability
4.5 / 5.0
$392,000 home value, /mo rent
F
Safety
1.0 / 5.0
39 violent crimes/100K
A+
Education
4.6 / 5.0
45.6% bachelor's degree or higher
Income Overview
Median Household Income
$99,957
33% above
US avg: $75,149
Per Capita Income
$61,394
57% above
US avg: $39,052
Unemployment Rate
3.7%
3% above
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%
Income Comparison: Lower Berkshire Valley vs. U.S. Average
Each bar shows Lower Berkshire Valley’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$99,957
133%
Per Capita
US: $39,052
$61,394
157%
IRS Avg AGI
US: $72,000
$156,784
218%
Avg Weekly Wage
US: $1,432
$1,946
136%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,946
36% above US avg ($1,432)
Mean Commute Time
55 min
98% above US avg (28 min)
Work From Home
16.1%
6% above US avg (15.2%)
Drive Alone
69.2%
5% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$74,395M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
69.2%
Public Transit
0%
Work From Home
16.1%
Other
14.7%
Average commute time
55 minutes
US avg: 28 min
Business Landscape
Total Establishments
18,002
Restaurants
1,349
Healthcare
1,822
Retail
1,639
Manufacturing
496
Tax & Financial
IRS Avg Adjusted Gross Income
$156,784
118% above US avg ($72,000)
Avg Property Tax
$13,570
288% 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 | $99,957 |
| Per Capita Income | $61,394 |
| IRS Avg Adjusted Gross Income | $156,784 |
| Avg Weekly Wage | $1,946 |
| County GDP | $74,395M |
Hardship Indicators
| Unemployment Rate | 3.7% |
| Poverty Rate | 0.0% |
| Gini Coefficient | 0.461 |
| Cost of Living Index | 108.8 |
Commute
| Mean Commute | 55 minutes |
| Drive Alone | 69.2% |
| Public Transit | 0.0% |
| Work From Home | 16.1% |
Businesses
| Total Establishments | 18,002 |
| Restaurants | 1,349 |
| Healthcare | 1,822 |
| Retail | 1,639 |
| Manufacturing | 496 |
Tax
| IRS Avg AGI | $156,784 |
| Avg Property Tax | $13,570 |