New Jersey is the second-ranked state when it comes to high-income earners, according to a Time report released Friday.
When it comes to households making $150,000 a year or more, the Garden State ranked behind only Washington, D.C., among states (and Districts). Time said 17.5 percent of New Jersey households top the $150,000 mark – but cited the high cost of living as biting into those big bucks. It was a close race for first place, as only 20 percent of District of Columbia households earned $150,000 or more.
Contrast those success stories with the 17 percent of New Jersey households that earn less than $25,000, according to the Time report.
The report was based on U.S. Census data compiled by research engine FindtheBest.
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