What is the median household income in Penns Grove Borough, NJ?
The median household income in Penns Grove Borough, NJ is $45,781 (±$17,844) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,117 a month would take about $44,700 a year at the common guideline of spending no more than 30% of income on rent.
In Penns Grove Borough, the median household income went from $31,940 in 2015–2019 to $45,781 in 2020–2024 (+43.3%).
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
- $45,781 (±$17,844)
- Median renter income
- $20,096 (±$17,521)
- Income to afford median rent
- about $44,700
Income in Penns Grove Borough against Salem County, its state and the nation
| Penns Grove Borough | Salem County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $45,781 (±$17,844) | $79,960 (±$3,982) | $103,556 (±$513) | $80,734 |
| Median renter household income | $20,096 (±$17,521) | $45,698 (±$6,898) | $62,674 (±$718) | $52,966 |
| Median owner household income | $88,015 (±$22,211) | $99,454 (±$4,308) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,117 (±$363) | $1,253 (±$51) | $1,720 (±$7) | $1,413 |
In Penns Grove Borough, median household income is lower than in Salem County ($79,960).
It is also lower than in New Jersey ($103,556).
It is lower than the national figure ($80,734).
In Salem County, Penns Grove Borough ranks 14 of 15 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 557 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 Penns Grove 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 $1,117 a month ($13,404 a year) needs an income of about $44,700 a year.
The median renting household in Penns Grove Borough earns $20,096 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 | $31,940 (±$5,739) | $45,781 (±$17,844) | +43.3% | No measurable change after inflation |
| Median gross rent | $1,028 (±$94) | $1,117 (±$363) | +8.7% | No measurable change after inflation |
| Median home value | $127,000 (±$18,299) | $178,200 (±$20,936) | +40.3% | No measurable change 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 Penns Grove Borough
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Penns Grove Borough | — | $45,781 (±$17,844) | — |
| Carneys Point | 1.5 mi | $77,273 (±$7,589) | Higher |
| Carneys Point Township | 2.6 mi | $79,245 (±$8,010) | Higher |
| Edgemoor | 2.7 mi | $59,424 (±$3,159) | Not measurably different |
| Bellefonte | 3.1 mi | $90,694 (±$13,517) | Higher |
| Oldmans Township | 3.2 mi | $112,917 (±$14,886) | Higher |
| Wilmington | 3.4 mi | $58,671 (±$3,302) | Not measurably different |
| Claymont | 5.2 mi | $74,712 (±$13,583) | Higher |
| Ardencroft | 5.5 mi | $130,688 (±$11,607) | Higher |
Nearby places with a measurably higher figure: Carneys Point, NJ ($77,273), Carneys Point Township, NJ ($79,245), Bellefonte, DE ($90,694).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Salem County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 8 | Elsinboro Township | $90,385 (±$14,231) |
| 9 | Quinton Township | $86,563 (±$16,180) |
| 10 | Upper Pittsgrove Township | $85,521 (±$30,130) |
| 11 | Lower Alloways Creek Township | $80,000 (±$12,244) |
| 12 | Carneys Point Township | $79,245 (±$8,010) |
| 13 | Pennsville Township | $75,097 (±$4,045) |
| 14 | Penns Grove Borough | $45,781 (±$17,844) |
| 15 | Salem | $38,721 (±$16,001) |
Showing 8 of 15 places in Salem 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 Penns Grove Borough
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Questions about Penns Grove Borough
What is the median household income in Penns Grove Borough?
The median household income in Penns Grove Borough is $45,781 (±$17,844) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Penns Grove Borough?
About $44,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,117 a month.
Have incomes in Penns Grove Borough kept up with inflation?
In Penns Grove Borough, the median household income went from $31,940 in 2015–2019 to $45,781 in 2020–2024 (+43.3%).
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 Penns Grove Borough?
The median renting household in Penns Grove Borough, NJ earns $20,096 (±$17,521) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Penns Grove borough, Salem County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Penns Grove borough, Salem County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Penns Grove borough, Salem County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Penns Grove borough, Salem County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Penns Grove borough, Salem County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Penns Grove borough, Salem 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 Penns Grove borough, Salem County, New Jersey (county subdivision:57750, in state:34 county:033).
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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- Renters and owners in Penns Grove Borough
- Home values in Penns Grove Borough
- Homeowner costs in Penns Grove Borough
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- Types of homes in Penns Grove Borough
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- Commute and cars in Penns Grove Borough
- Crime reported to police in Penns Grove Borough
- Population growth in Penns Grove Borough
- How long people stay in Penns Grove Borough
- New Jersey landlord and tenant rules
- Housing across Salem County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey