Carteret is a city in New Jersey state in USA with a population of 23501 residents.. The poverty rate of Carteret is 12.4%, which is 11% lower than national average. The typical household in Carteret earns $76276 a year, compared to the national median of $67,500. Nearly 35.1% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Carteret, only 82% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Carteret remained 6.2%, which is 32% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Carteret, only 28% of adults have a bachelor's degree and 22% have some college but no degree.

Cost of living in Carteret is 120, which is 20% higher than national average. Median home value in Carteret is $281000 , which is 22% higher than national average. While median income in Carteret remained $76276, which is 13% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.