From the Star Ledger:
New Jersey households made $76,126 last year, a 4 percent growth over 2015, according to recently released Census data.
The growth shot New Jersey from the fifth-ranked state in the nation to third, behind only Maryland and Alaska. The state far outperformed the national median of $57,617.
Its income growth between 2015 and 2016 was sixth in the nation, which marked a drastic shift. New Jersey was dead last in income growth between 2014 and 2015.
The increase in median income last year was “nothing to sneeze at,” said Jon Whiten, vice president of think tank New Jersey Policy Perspective.
“But we’re not out of the woods — it’s still lower than it was in the pre-recession peak,” he said.
The average household income in 2008, adjusted for inflation, was $78,992.