16 Richest Towns in New Jersey (2023)

New Jersey is home to some of the wealthiest Americans in the country. From Pro-Athletes to CEOs, these titans of industry call New Jersey home. In this article, we will explore the top 16 richest towns in New Jersey.

Check out: Where do Billionaires Live in New Jersey?

16 Richest Towns in New Jersey

Below is a list of the top 16 wealthiest towns in New Jersey.

1. Short Hills, NJ

Short Hills is the richest town in New Jersey with an impressive mean household income of $428,352. Located in Essex County, Short Hills is an upscale suburb located in the town of Millburn with winding roads and multimillion-dollar mansions.

It is home to some of the wealthiest residents in NJ with a population of 14,422. In fact, one of the richest people in New Jersey, Peter Kellogg lives in Short Hills.

The residents of this exclusive New Jersey community are well educated with 88% having obtained a Bachelor’s Degree or higher.

Known for its luxury homes, the median sales price in Short Hills is $2,081,069. The homes in Short Hills are primarily owner-occupied 91% with only 10% rentals.

Short Hills is also one of the best NJ commuter towns with direct train to NYC from Short Hills taking only 38 minutes!

	Short Hills, NJ
Mean Household Income	$428,352
Bachelor’s Degree or Higher	88%
Median Sales Price of Homes	$2,081,069

Learn more about Short Hills, NJ: Short Hills profile page with infographic

2. Rockleigh, NJ

Rockleigh is the second richest town in NJ with a staggering mean income of $413,309.It’s a wealthy enclave in Bergen County that many people have never heard of.

Rockleigh is a small borough with a population of 407 residents where almost half, 47.6% are seniors while 21.4% are children under 18 years old.

It’s a quiet residential community with well-maintained homes and manicured lawns, the median home price at Rockleigh is $1,600,000.

Additionally, the Rockleigh Historic District has beautiful colonials and Victorian-era homes, many of which are designated historic sites.

The majority of homes in Rockleigh are owner owner-occupied with a rate of 90.5%.

	Rockleigh, NJ
Mean Household Income	$413,309
Median Sales Price of Homes	$1,600,000

3. Alpine, NJ

Alpine is one of the wealthiest towns in New Jersey. It is home to billionaire Larry Robbins. Alpine is an affluent NJ neighborhood located in Bergen County with a population of 1762 earning a mean household income of $318,616.

Located just across the Hudson River, this exclusive New Jersey suburb is an easy 40 minute drive to midtown Manhattan.

The residents of Alpine are well educated with 72.6% having obtained a Bachelor’s Degree or higher. Alpine residents live a good work-life balance with a short commute time of 38 minutes.

Known for its luxury real estate, the median sales price of homes in Alpine is $2,766,410. The homes in Alpine are primarily owner-occupied 84.6% with only 15.4% rentals.

	Alpine, NJ
Mean Household Income	$318,616
Bachelor’s Degree or Higher	72.6%
Median Sales Price of Homes	$2,766,410

Learn more about Alpine: Alpine, NJ profile page.

Embark on a driving tour and catch a glimpse of the lavish and gated residences of Alpine, NJ. Check out our video.

4. Mantoloking, NJ

Mantoloking is one of the richest towns in New Jersey. Known for its luxury real estate market, Mantoloking has a median home price of $2,885,792.

Mantoloking is a small borough located on the Barnegat Peninsula, just south of Point Pleasant Beach. The town is known for its beautiful beaches and stunning oceanfront properties.

It is a small upscale community with a population of only 331 people, one of the smallest communities in NJ.

Mantoloking residents are well-educated with 81.8% of residents having a bachelor’s degree or higher. The mean household income at Mantoloking is $289,536.

The town is also home to the Mantoloking Yacht Club, a prestigious sailing club with tennis, sailing, and social events.

	Mantoloking, NJ
Mean Household Income	$289,536
Bachelor’s Degree or Higher	81.8%
Median Sales Price of Homes	$2,885,792

5. Rumson, NJ

Rumson is the richest beach town in New Jersey with a mean household income of $386,279.

Located in Monmouth County, Rumson is an affluent NJ town with sprawling waterfront mansions and a high-speed ferry that beats the commute of most New Yorkers.

Rumson residents live a good work-life balance with a short commute time of 46 minutes.

This wealthy New Jersey beach town has a population of 7,343 where a high percentage, 30.2%, of residents are children under 18 years old.

The residents of Rumson are well educated with 73% having obtained a Bachelor’s Degree or higher. The poverty level of Rumson is almost zero at 2%.

Not surprisingly, property prices in Rumson are also high with the median sales price of homes at $1,835,114. The homes in Rumson are primarily owner-occupied 92% with only 8% rentals.

	Rumson, NJ
Mean Household Income	$386,279
Bachelor’s Degree or Higher	73%
Median Sales Price of Homes	$1,835,114

Learn more about Rumson, NJ: Rumson profile page with infographic

6. Saddle River, NJ

Saddle River is one of the wealthiest towns in New Jersey. It is home to some of the wealthiest residents in NJ including the richest person in NJ, billionaire Rocco Commisso.

Located in Bergen County, Saddle River is an affluent NJ suburb with big estates, historic homes, and mansions.

Saddle River has a population of 3372 and a mean household income of $330,303.

Not surprisingly, property prices in Saddle River are also high with the median sales price of homes at $1,890,167. The homes in Saddle River are primarily owner-occupied 86.3% with only 13.7% rentals.

Saddle River residents live a good work-life balance with a short commute time of 34 minutes. The residents of Saddle River are well educated with 69.5% having obtained a Bachelor’s Degree or higher.

	Saddle River, NJ
Mean Household Income	$330,303
Bachelor’s Degree or Higher	69.5%
Median Sales Price of Homes	$1,890.167

7. Essex Fells, NJ

Essex Fells is one of the wealthiest towns in New Jersey with a mean household income of $351,049.

Essex Fells is a charming, tree-lined suburb in Essex County with a picturesque outdoor ice rink that locals fondly call “The Pond”.

With a population of only 2244, it’s a place where everyone knows each other. Home to some of the wealthiest residents in NJ, the median home price at Essex Fells is $1,113,583.

The residents of Essex Fells are well educated with 84% having obtained a Bachelor’s Degree or higher. The poverty level of Essex Fells is almost zero at 2%.

The homes in Essex Fells are primarily owner-occupied 93.9% with only 6.1% rentals. Essex Fells residents live a good work-life balance with a short commute time of 35 minutes.

	Essex Fells, NJ
Mean Household Income	$351,049
Bachelor’s Degree or Higher	84%
Median Sales Price of Homes	$1,113,583

8. Ho Ho Kus, NJ

Ho Ho Kus is one of the richest towns in New Jersey with a mean household income of $331,716.

Located in Bergen County, Ho Ho Kus is a NJ suburb that has it all- charming downtown, a tight-knit community, and close proximity to NYC.

This affluent Northern New Jersey town is home to some of the wealthiest residents in New Jersey with a median home sales price of $1,193,606.

Ho Ho Kus has a population of 4258. The residents of Ho Ho Kus are well educated with 84.0% having obtained a Bachelor’s Degree or higher. The homes in Ho Ho Kus are primarily owner-occupied 91.9% with only 8.1% rentals.

	Ho-Ho-Kus, NJ
Mean Household Income	$331,716
Bachelor’s Degree or Higher	84.0%
Median Sales Prices of Homes	$1,193,606

Learn more about Ho Ho Kus: Ho Ho Kus, NJ profile page.

9. Upper Saddle River, NJ

Upper Saddle River is one of the wealthiest towns in Bergen County with a mean household income of $320,506.

Upper Saddle River is known for its top-rated schools and spacious homes with manicured lawns.

This affluent Northern New Jersey town is home to some of the wealthiest residents in New Jersey with a median home sales price of $1,125,211.

Upper Saddle River has a population of 8353. The homes in Upper Saddle River are primarily owner-occupied 89.3%.

	Upper Saddle River, NJ
Mean Household Income	$320,506
Bachelor’s Degree or Higher	71.3%
Median Sales Prices of Homes	$1,125,211

10. Mountain Lakes, NJ

Mountain Lakes is the richest lake town in New Jersey with a mean household income of $315,791.

The affluent New Jersey lake town is located in Morris County with a population of 4472 of which 33.6% of the residents are children under 18 years old.

Home to expensive lakefront homes, Mountain Lakes has a median home price of $1,023,346.

This affluent community has it all- lakes, beautiful outdoors, and an easy train ride to NYC.

The residents of Mountain Lakes are well educated with 81.6% having obtained a Bachelor’s Degree or higher. The poverty level of Mountain Lakes is almost zero at 1.9%.

The homes in Mountain Lakes are primarily owner-occupied 93.3%. Mountain Lakes residents live a good work-life balance with a short commute time of 37 minutes.

	Mountain Lakes, NJ
Mean Household Income	$315,791
Bachelor’s Degree or Higher	85.8%
Median Sales Price of Homes	$1,023,346

Learn more about Mountain Lakes: Mountain Lakes, NJ profile page.

11. Upper Montclair, NJ

Upper Montclair is one of the richest NJ suburbs with a residential median sales price of $1,154,896.

Located in Essex County, Upper Montclair is a charming town with picturesque tree-lined streets, historic architecture, and top-rated schools.

It is an affluent neighborhood within the town of Montclair with a population of 13,146 people. A significant percentage of Upper Montclair residents, 30.2%, are children 18 years old and under.

Upper Montclair residents are well-educated with 82.9% of residents having a bachelor’s degree or higher. The mean household income at Upper Montclair is $288,601.

	Upper Montclair, NJ
Mean Household Income	$288,601
Bachelor’s Degree or Higher	82.9%
Median Sales Price of Homes	$1,154,896

Learn more about Upper Montclair, NJ: Upper Montclair profile page with infographics

12. Englewood Cliffs, NJ

Englewood Cliffs is one of the wealthiest towns in New Jersey with a residential median sales price of $1,355,872.

It is a small upscale NJ suburb with a population of only 5,342 people. Englewood Cliffs residents enjoy easy access to NYC (just across the Hudson River!)

Englewood Cliffs residents are well-educated with 76.5% of residents having a bachelor’s degree or higher. The mean household income at Englewood Cliffs is $286,042.

	Englewood Cliffs, NJ
Mean Household Income	$286,042
Bachelor’s Degree or Higher	76.5%
Median Sales Price of Homes	$1,355,872

13. Sea Girt, NJ

Sea Girt is one of the wealthiest towns in New Jersey. Known for its luxury real estate market, Sea Girt has a median sales price of $2,116,883.

It is a small upscale community with a population of only 1,866 people.

Sea Girt residents are well-educated with 77.2% of residents having a bachelor’s degree or higher. The mean household income at Sea Girt is $268,416.

	Sea Girt, NJ
Mean Household Income	$268,416
Bachelor’s Degree or Higher	77.2%
Median Sales Price of Homes	$2,116,883

14. Glen Ridge, NJ

Glen Ridge is one of the wealthiest towns in New Jersey. Located in Essex County, Glen Ridge is a charming town with historic homes and gas lights lighting the tree-lined streets.

Glen Ridge is an affluent NJ suburb with a mean household income of $309,916 and a population of 7,802.

The residents of Glen Ridge are well educated with 78.80% having obtained a Bachelor’s Degree or higher. The homes in Glen Ridge are primarily owner-occupied 91.50% with only 8.50% rentals.

	Glen Ridge, NJ
Mean Household Income	$309,916
Bachelor’s Degree or Higher	78.80%
Median Sales Price of Homes	$822,000

Learn more about Glen Ridge: Glen Ridge, NJ profile page.

15. Franklin Lakes, NJ

Franklin Lakes is one of the richest towns in NJ with a mean household income of $273,833

The town is known for its large, upscale homes, beautiful lakes, and scenic parks. The median home price at Franklin Lakes is $1,332.961.

Franklin Lakes is home to Indian Trail Club, a private club on the lake with tennis, swimming, and social events.

It is an affluent NJ suburb with a population of 11,079 people of which 24% of residents are children under 18 years old.

	Franklin Lakes, NJ
Mean Household Income	$273,833
Bachelor’s Degree or Higher	69.6%
Median Sales Price of Homes	$1,332,961

16. Summit, NJ

Summit is one of the richest cities in New Jersey with a residential median sales price of $1,092,846. It is an upscale NJ suburb with a population of 22,719 people. The mean household income at Summit is $266,124.

Summit is one of the best suburbs of NYC for its commute. It’s one of the few NJ towns with direct trains to NYC.

	Summit, NJ
Mean Household Income	$266,124
Bachelor’s Degree or Higher	69.6%
Median Sales Price of Homes	$1,092,846

Richest Towns in NJ: Methodology

In order to come up with our list of the richest towns in New Jersey, the rankings are based on both income and home prices. We took data from the US Census American Community Survey and residential housing market data. The median sales price is the average residential sales data for 12 month period ending July 2023.

Note: We realize we are using the term “town” loosely in this article since some of these towns are actually villages, boroughs, cities, or hamlets.

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