Wealthiest Towns in New Jersey

10 Wealthiest Towns in New Jersey

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. Here are the top 10 wealthiest towns in New Jersey. The information presented in this article are based on data from the US Census American Community Survey.

What are the 10 Wealthiest Towns in New Jersey?

Below is a list of the top 10 wealthiest towns in New Jersey.

1. Short Hills, NJ

Short Hills is one of the wealthiest towns in New Jersey. Located in Essex county, Short Hills is an upscale community 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 and a median income of over $250,000+.

The residents of this exclusive New Jersey community are well educated with 88% having obtained a Bachelor’s Degree or higher. The homes in Short Hills are primarily owner-occupied 91% with only 10% rentals.

Median Household Income$250,000+
Bachelor’s Degree of Higher88%
Median Home Value$1,386,600

Learn more about Short Hills: Short Hills profile page with infograph

2. Alpine, NJ

Alpine is one of the wealthiest towns in New Jersey. Alpine is a small neighborhood located in Bergen County with a population of 1762. Located just across the Hudson River, this exclusive New Jersey enclave is an easy 40 minutes 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.

Driving down the residential roads of Alpine and taking a peek at some of the mansions, it’s not surprising that median home value in Alpine is greater than $2,000,000. The homes in Alpine are primarily owner-occupied 84.6% with only 15.4% rentals.

Median Household Income$250,000+
Bachelor’s Degree of Higher72.6%
Median Home Value$2,000,000

Learn more about Alpine: Alpine, NJ profile page

3. Mountain Lakes, NJ

Mountain Lakes is one of the wealthiest towns in New Jersey. This quaint waterfront New Jersey community is located in Morris county with a population of 4472. Home to some of the wealthiest residents of New Jersey, Mountain Lakes has a median income of $241,667. 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 85.8% 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 95.4% with only 4.6% rentals. Mountain Lakes residents live a good work-life balance with a short commute time of 37 minutes.

Median Household Income$241,667
Bachelor’s Degree of Higher85.8%
Median Home Value$861,800

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

4. Ho Ho Kus, NJ

Ho Ho Kus is one of the wealthiest towns in New Jersey. Located in Bergen county, Ho Ho Kus has it all- charming downtown, close knit community and close proximity to NYC. This Northern New Jersey town is home to some of the wealthiest residents in New Jersey with a median income of $216,875.

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.

Median Household Income$216,875
Bachelor’s Degree of Higher84.0%
Median Home Value$775,900

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

5. Saddle River, NJ

Saddle River is one of the wealthiest towns in New Jersey. Located in Bergen county, Saddle River is an affluent town with big estates, historic homes and mansions. Home to some of the wealthiest NJ residents, Saddle River has a population of 3372 and a median income of $213,958.

Not surprisingly, property prices in Saddle River are also high with a median home value of $1,809,500. 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 66.6% having obtained a Bachelor’s Degree or higher.

Median Household Income$213,958
Bachelor’s Degree of Higher66.6%
Median Home Value$1,809,500

Learn more about Saddle River: Saddle River, NJ profile page

6. Essex Fells, NJ

Essex Fells is one of the wealthiest towns in New Jersey. Essex Fells is a charming, tree-lined community 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, Essex Fells has a median income of $213,088.

The residents of Essex Fells are well educated with 74.3% 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.

Median Household Income$213,088
Bachelor’s Degree of Higher74.3%
Median Home Value$856,300

Learn more about Essex Fells: Essex Fells, NJ profile page with infograph

7. Glen Ridge, NJ

Glen Ridge is one of the wealthiest towns in New Jersey. Located in Essex county, Glen Ridge is a charming community with historic homes and gas lights lighting the tree lined streets. This affluent community has a median income of $202,222 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.

Median Household Income$202,222
Bachelor’s Degree of Higher78.80%

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

8. Montgomery, NJ

Montgomery is one of the wealthiest towns in New Jersey. Located in Somerset county, Montgomery is a bucolic town with lots of parks and greenery. Yet still close to the convenience of downtown Princeton. This affluent NJ town has a population of 23,690 and a median income of $195,807.

The residents of Montgomery are well educated with 75.00% having obtained a Bachelor’s Degree or higher. The homes in Montgomery are primarily owner-occupied 83.80% with only 16.2% rentals.

Montgomery residents live a good work-life balance with a short commute time of 40.1 minutes.

Median Household Income$195,807
Bachelor’s Degree of Higher75.00%

Learn more about Montgomery: Montgomery, NJ profile page

9. Chatham, NJ

Chatham is one of the wealthiest towns in New Jersey. Located in Morris county, Chatham is an affluent neighborhood with a charming, old fashioned downtown and easy access to NYC trains. This wealthy New Jersey town has a median income of $192,321 and a population of 9,212.

The residents of Chatham are well educated with 77.70% having obtained a Bachelor’s Degree or higher. The poverty level of Chatham is almost zero at 1.20%. The homes in Chatham are primarily owner-occupied 83.20% with only 16.8% rentals.

Median Household Income$192,321
Bachelor’s Degree of Higher77.70%

Learn more about Chatham: Chatham, NJ profile page

10. Rumson, NJ

Rumson is one of the wealthiest towns in New Jersey. Located in Monmouth county, Rumson is an affluent beach 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.

This wealthy New Jersey beach town has a population of 7,343 and a median income of $188,906. 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 a median home value of $1,171,900. The homes in Rumson are primarily owner-occupied 92% with only 8% rentals.

Median Household Income$188,906
Bachelor’s Degree of Higher73%
Median Home Value$1,171,900

Learn more about Rumson: Rumson profile page with infograph

You May Also Be Interested In:

10 Wealthiest Towns on Long Island

8 Wealthiest Towns in Westchester County

25 Wealthiest Towns in the New York Suburbs

What are the Highest Paying Jobs in New York? (Infographic)

What are the Highest Paying Jobs in Connecticut? (Infographs)

What are the Highest Paying Jobs in New Jersey? (and lowest paying jobs)

About Suburbs 101

Suburbs 101 is an insider’s guide to suburban living. Get the inside scoop on what it’s really like to live in the suburbs through our interviews with local suburbanites and features on Food, Fashion, Home, Garden, Travel, Pets and Local Events. Be sure to Follow Us on Instagram, Like Us on Facebook and subscribe to our Monthly Newsletter.

X