Race, Wealth And Homeownership: New Jersey Still Seeing Troubling Gaps

Economic disparities persist between white, Black and Latino residents, according to a report released Thursday that maps those inequalities county by county.

The New Jersey Institute for Social Justice analyzed the U.S. Census Bureau’s American Community Survey 2022 data, taking a look at homeownership, median household income, internet access and more. The findings show stark contrasts, where white residents are more likely to own homes or have higher household incomes.

The report builds on two similar studies released by the organization which also demonstrated that various aspects of New Jersey life are steeped in racial inequities. Their analysis last year of a 2018 survey showed the median net worth of white households was $322,500, while it was $17,700 and $26,100 for Black and Latino households, respectively.

Read more.