What is the median household income in Bound Brook Borough, NJ?
The median household income in Bound Brook Borough, NJ is $90,571 (±$9,442) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,973 a month would take about $78,900 a year at the common guideline of spending no more than 30% of income on rent.
In Bound Brook Borough, the median household income went from $70,540 in 2015–2019 to $90,571 in 2020–2024 (+28.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $90,571 (±$9,442)
- Median renter income
- $61,641 (±$12,696)
- Income to afford median rent
- about $78,900
Income in Bound Brook Borough against Somerset County, its state and the nation
| Bound Brook Borough | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $90,571 (±$9,442) | $140,374 (±$3,294) | $103,556 (±$513) | $80,734 |
| Median renter household income | $61,641 (±$12,696) | $82,470 (±$5,113) | $62,674 (±$718) | $52,966 |
| Median owner household income | $122,390 (±$12,192) | $170,007 (±$3,672) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,973 (±$112) | $2,033 (±$52) | $1,720 (±$7) | $1,413 |
In Bound Brook Borough, median household income is lower than in Somerset County ($140,374).
It is also lower than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Somerset County, Bound Brook Borough ranks 20 of 21 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 418 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Bound Brook Borough
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,973 a month ($23,676 a year) needs an income of about $78,900 a year.
The median renting household in Bound Brook Borough earns $61,641 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $70,540 (±$5,370) | $90,571 (±$9,442) | +28.4% | No measurable change after inflation |
| Median gross rent | $1,443 (±$68) | $1,973 (±$112) | +36.7% | Up after inflation |
| Median home value | $273,700 (±$9,862) | $397,100 (±$20,438) | +45.1% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Bound Brook Borough
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Bound Brook Borough | — | $90,571 (±$9,442) | — |
| South Bound Brook Borough | 1.1 mi | $112,961 (±$14,229) | Higher |
| Finderne | 2.0 mi | $118,064 (±$15,335) | Higher |
| Middlesex Borough | 2.1 mi | $105,000 (±$12,543) | Not measurably different |
| Franklin Center | 2.5 mi | $157,212 (±$42,237) | Higher |
| Martinsville | 3.2 mi | $205,000 (±$22,676) | Higher |
| Manville Borough | 3.3 mi | $93,333 (±$24,282) | Not measurably different |
| Weston | 3.7 mi | $83,197 (±$20,569) | Not measurably different |
| Somerville Borough | 3.7 mi | $103,760 (±$9,316) | Not measurably different |
Nearby places with a measurably higher figure: South Bound Brook Borough, NJ ($112,961), Finderne, NJ ($118,064), Franklin Center, NJ ($157,212).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Somerset County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 14 | Franklin Township (Somerset County) | $124,648 (±$7,432) |
| 15 | Bedminster Township | $123,709 (±$11,614) |
| 16 | South Bound Brook Borough | $112,961 (±$14,229) |
| 17 | Raritan Borough | $107,672 (±$8,453) |
| 18 | Somerville Borough | $103,760 (±$9,316) |
| 19 | Manville Borough | $93,333 (±$24,282) |
| 20 | Bound Brook Borough | $90,571 (±$9,442) |
| 21 | North Plainfield Borough | $87,349 (±$13,016) |
Showing 8 of 21 places in Somerset County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Bound Brook Borough
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Questions about Bound Brook Borough
What is the median household income in Bound Brook Borough?
The median household income in Bound Brook Borough is $90,571 (±$9,442) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Bound Brook Borough?
About $78,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,973 a month.
Have incomes in Bound Brook Borough kept up with inflation?
In Bound Brook Borough, the median household income went from $70,540 in 2015–2019 to $90,571 in 2020–2024 (+28.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Bound Brook Borough?
The median renting household in Bound Brook Borough, NJ earns $61,641 (±$12,696) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Bound Brook borough, Somerset County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Bound Brook borough, Somerset County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Bound Brook borough, Somerset County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Bound Brook borough, Somerset County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Bound Brook borough, Somerset County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Bound Brook borough, Somerset County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Bound Brook borough, Somerset County, New Jersey (county subdivision:06790, in state:34 county:035).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- New Jersey landlord and tenant rules
- Housing across Somerset County
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- Housing data for every place in New Jersey