New Jersey residents have second-highest income in US, study says

The Brief

New Jersey was named among the states with the highest income in a new study.

It was ranked No. 2 on the list behind Virginia.

Pennsylvania and Delaware both made the Top 30.

New Jersey may be small, but some of its paychecks are far from it!

By the numbers:

WalletHub ranked New Jersey as the state with the second-highest income in the United States for 2025.

The study analyzed three key factors: average annual income of the top 5 percent, average income of the bottom 20 percent and median income for all residents.

In New Jersey, the top 5 percent of residents earn an average of $522,128 annually, which is the fourth-highest number in the country.

The state's median income is the sixth highest at $122,447,

However, the bottom 20 percent are only earning slightly above