
5. New York/Jersey City:
These can also be considered the New York Metropolitan Area and it’s the most populated in the United States. The population of 20.2 million people in this area span over the states of New York, New Jersey, Connecticut, and Pennsylvania. The economy in this Metropolitan area is the biggest in the country and even ranks on a national scale. The GMP was $1.6 trillion in 2015, if this value was considered to be a GDP then it would be the 9th highest in the world.

New York City is by far the most populated city in the entire United States. The population measured at over 8.5 million people in 2016. This city has an enormous and incredibly diverse economy. Countless Fortune 500 companies have their headquarters and over the years, New York has made a name for itself as a center for trade, finance, business, art, technology, and many others. The city of Newark is the most populated in New Jersey. It had a population of 277,140 in 2010 and has long been a center for the railway, air, and shipping. White-collar jobs dominate the economy and the employees of these amount to about 100,000.

Jersey City is the 77th largest city in the United States and is also the fastest-growing municipality in the state of New Jersey. In 2016, it was estimated that the population of Jersey City came up to 264,152. This city boasts at least 100,00 jobs both in the public and private sector.

Considering the strength of the economy of this metropolitan area, it is no wonder that there are a fair number of households who earn upwards of 6 figures. This money is only just enough to cover the cost of living. If the income of a household is $6,370 each month after tax and the same household’s monthly expenses amount to $6,101, then these households would be spending 96% of their income to keep the household running. Only 4% of this sizeable salary is actually leftover at the end of each month.