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High-income earner? You’re not alone in New Jersey

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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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Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

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