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 16 wealthiest towns in New Jersey.
The information presented in this article are based on data from the US Census American Community Survey and Redfin. The median sales price is residential sales data for 12 month period ending January 2023. The rankings are based on income and home value.
Check out: Where do Billionaires Live in New Jersey?
What are the 16 Wealthiest Towns in New Jersey?
Below is a list of the top 16 wealthiest towns in New Jersey.
1. 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.
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 $2,293,000. The homes in Alpine are primarily owner-occupied 84.6% with only 15.4% rentals.
| Median Household Income | $250,000+ |
| Bachelor’s Degree or Higher | 72.6% |
| Median Sales Price of Homes | $2,293,000 |
Learn more about Alpine: Alpine, NJ profile page.
2. Mantoloking, NJ
Mantoloking is the richest town in New Jersey. Known for its luxury real estate market, Mantoloking has a median sales price of $3,180,000. It is a small upscale community with a population of only 331 people.
Mantoloking residents are well-educated with 81.8% of residents having a bachelor’s degree or higher. The median household income at Mantoloking is $177,813.
| Median Household Income | $177,813 |
| Bachelor’s Degree or Higher | 81.8% |
| Median Sales Price of Homes | $3,180,000 |
3. 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 median income of $213,958.
Not surprisingly, property prices in Saddle River are also high with the median sales price of homes at $2,103,000. 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 or Higher | 66.6% |
| Median Sales Price of Homes | $2,103,000 |
Learn more about Saddle River: Saddle River, NJ profile page.
4. Short Hills, NJ
Short Hills is one of the wealthiest towns in New Jersey. 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 and a median income of over $250,000. 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 $1,802,000. The homes in Short Hills are primarily owner-occupied 91% with only 10% rentals.
| Median Household Income | $250,000+ |
| Bachelor’s Degree or Higher | 88% |
| Median Sales Price of Homes | $1,802,000 |
Learn more about Short Hills, NJ: Short Hills profile page with infographic
5. Avalon, NJ
Avalon is one of the richest towns in New Jersey. Known for its luxury real estate market, Avalon has a median sales price of $2,138,000.
It is a small upscale community with a population of only 1,243 people. The median household income at Avalon is $141,964.
| Median Household Income | $141,964 |
| Bachelor’s Degree or Higher | 68.7% |
| Median Sales Price of Homes | $2,138,000 |
6. 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 $1,952,000.
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 median household income at Sea Girt is $174,612.
| Median Household Income | $174,612 |
| Bachelor’s Degree or Higher | 77.2% |
| Median Sales Price of Homes | $1,952,000 |
7. Upper Montclair, NJ
Upper Montclair is one of the wealthiest towns in New Jersey with a residential median sales price of $1,129,000. It is an upscale community with a population of 13,146 people.
Upper Montclair residents are well-educated with 82.9% of residents having a bachelor’s degree or higher. The median household income at Upper Montclair is $235,637.
| Median Household Income | $235,637 |
| Bachelor’s Degree or Higher | 82.9% |
| Median Sales Price of Homes | $1,129,000 |
Learn more about Upper Montclair, NJ: Upper Montclair profile page with infographics
8. 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 the median sales price of homes at $1,764,000. The homes in Rumson are primarily owner-occupied 92% with only 8% rentals.
| Median Household Income | $188,906 |
| Bachelor’s Degree or Higher | 73% |
| Median Sales Price of Homes | $1,764,000 |
Learn more about Rumson, NJ: Rumson profile page with infographic
9. Englewood Cliffs, NJ
Englewood Cliffs is one of the wealthiest towns in New Jersey with a residential median sales price of $1,212,000.
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 median household income at Englewood Cliffs is $191,875.
| Median Household Income | $191,875 |
| Bachelor’s Degree or Higher | 76.5% |
| Median Sales Price of Homes | $1,212,000 |
10. Ho Ho Kus, NJ
Ho Ho Kus is one of the wealthiest towns in New Jersey. 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 Northern New Jersey town is home to some of the wealthiest residents in New Jersey with a median income of $216,875 and median home sales price of $1,146,000.
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 or Higher | 84.0% |
| Median Sales Prices of Homes | $1,146,000 |
Learn more about Ho Ho Kus: Ho Ho Kus, NJ profile page.
11. Stone Harbor, NJ
Stone Harbor is one of the richest towns in New Jersey. Known for its luxury real estate market, Stone Harbor has a median sales price of $2,622,000.
It is a small upscale community with a population of only 796 people. The median household income at Stone Harbor is $120,000.
| Median Household Income | $120,000 |
| Bachelor’s Degree or Higher | 66.1% |
| Median Sales Price of Homes | $2,622,000 |
12. 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 or Higher | 85.8% |
| Median Sales Price of Homes | $859,000 |
Learn more about Mountain Lakes: Mountain Lakes, NJ profile page.
13. Essex Fells, NJ
Essex Fells is one of the wealthiest towns in New Jersey. 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, 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 or Higher | 74.3% |
| Median Sales Price of Homes | $973,000 |
Learn more about Essex Fells: Essex Fells, NJ profile page with infographics
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 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 or Higher | 78.80% |
| Median Sales Price of Homes | $893,000 |
Learn more about Glen Ridge: Glen Ridge, NJ profile page.
15. Summit, NJ
Summit is one of the richest cities in New Jersey with a residential median sales price of $1,042,000. It is an upscale NJ suburb with a population of 22,719 people. The median household income at Summit is $151,505.
| Median Household Income | $151,505 |
| Bachelor’s Degree or Higher | 69.6% |
| Median Sales Price of Homes | $1,042,000 |
16. Chatham, NJ
Chatham is one of the wealthiest towns in New Jersey. Located in Morris county, Chatham is an affluent NJ suburb 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 or Higher | 77.70% |
| Median Sales Price of Homes | $893,000 |
Learn more about Chatham: Chatham, NJ profile page.
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