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48°
Thursday, may 2
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SmartAsset
News
These Are The Wealthiest Counties In NJ, Study Says
Somerset, Morris and Bergen counties rank among the wealthiest in the Garden State, according to a new study. The recent study from SmartAsset assessed wealth in U.S. counties by comparing them across three categories: the amount of investment income residents receive, median home value and per capita income. Somerset County's per capital investment income averaged $18,409. Its median home value averaged $510,305 And its per capita income averaged $112,825. Morris County's per capital investment income averaged $18,676 its median home value averaged $556,843 and its per c…
Lifestyle
Study: Somerset County Residents Among State's Most Generous
Somerset ranks third among all the state's 21 counties for charitable contributions, according to a report prepared by SmartAsset. In coming up with a measure for generosity, the site looked at how much people donate as a percentage of their net income, and the proportion of people in a given county who made charitable donations. In devising the first metric, the site calculated net income for residents in each county, then divided county residents' total income by total donations. For the second figure, the company took the total number of tax returns with charitable cont…