These Are The 10 Richest Cities In New Jersey For 2018


We analyzed over 256 places in New Jersey to determine where the 1% live.

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Woodcliff Lake, Bernardsville, North Caldwell: These cities aren’t just some of the best places to live in New Jersey. They are also home to some of the richest people in the Garden State.

Woodcliff Lake in particular houses the richest residents in the state thanks, in part, to a median household income of $150,862 and a ridiculously low poverty rate of 2.0%.

If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in New Jersey share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 190 places in New Jersey with more than 5,000 people.

At the end of the day, here’s the set of the 10 richest places in New Jersey for 2018:

  1. Woodcliff Lake (Photos | Homes For Sale)
  2. Bernardsville (Photos | Homes For Sale)
  3. North Caldwell (Photos | Homes For Sale)
  4. Chatham (Photos | Homes For Sale)
  5. Demarest (Photos | Homes For Sale)
  6. Little Silver (Photos | Homes For Sale)
  7. Haddonfield (Photos | Homes For Sale)
  8. Watchung (Photos | Homes For Sale)
  9. Mendham (Photos | Homes For Sale)
  10. Englewood Cliffs (Photos | Homes For Sale)

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in New Jersey.

Rich people not your cup of tea? Feel free to check out some more reading about New Jersey:

How We Determined The Richest Places In New Jersey For 2018

Map Of The Richest Places To Live In New Jersey
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the newly released 2012-2016 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 190 places with more than 5,000 people in New Jersey, we ranked each place from 1 to 190 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Woodcliff Lake, crowned the “Richest Place In New Jersey For 2018”.

You can learn more about the top ten below or skip to the end to see the rankings for all 190 places.

Woodcliff Lake, NJ

Overall SnackAbility

10
/10

Population: 5,844.0
Median Income: $150,862.0
Unemployment Rate: 2.4%
Poverty Rate: 2.0%
More on Woodcliff Lake: Real Estate | Data | Photos

Woodcliff Lake is a borough in Bergen County, New Jersey, United States. As of the 2010 Census, the borough’s population was 5,730, reflecting a decline of 15 (-0.3%) from the 5,745 counted in the 2000 Census, which had in turn increased by 442 (+8.3%) from the 5,303 counted in the 1990 Census. Most of the borough mandates a minimum lot size of 22,500 square feet (2,090 m2) for single-family homes, with portions on the borough’s east zoned for 15,000 square feet (1,400 m2) and portions of the borough’s northwest and southwest zoned for 30,000 square feet (2,800 m2) lots.

Bernardsville, NJ

Overall SnackAbility

10
/10

Population: 7,776.0
Median Income: $136,563.0
Unemployment Rate: 2.9%
Poverty Rate: 1.7%
More on Bernardsville: Real Estate | Data | Photos

Bernardsville /brnrdzvl/ is a borough in Somerset County, New Jersey, United States. In 2000, Bernardsville had the 10th-highest per capita income in the state. As of the 2010 United States Census, the borough’s population was 7,707, reflecting an increase of 362 (+4.9%) from the 7,345 counted in the 2000 Census, which had in turn increased by 748 (+11.3%) from the 6,597 counted in the 1990 Census.

North Caldwell, NJ

Overall SnackAbility

10
/10

Population: 6,519.0
Median Income: $188,897.0
Unemployment Rate: 3.8%
Poverty Rate: 2.4%
More on North Caldwell: Real Estate | Data | Photos

North Caldwell is a borough in northwestern Essex County, New Jersey, United States, and a suburb of New York City. As of the 2010 United States Census, the borough’s population was 6,183, reflecting a decline of 1,192 (-16.2%) from the 7,375 counted in the 2000 Census, which had in turn increased by 669 (+10.0%) from the 6,706 counted in the 1990 Census.

Chatham, NJ

Source: Public domain
Overall SnackAbility

7
/10

Population: 9,030.0
Median Income: $150,625.0
Unemployment Rate: 3.8%
Poverty Rate: 2.2%
More on Chatham: Real Estate | Data | Photos

The Chathams is a term used in reference to shared services for two neighboring municipalities in Morris County, New Jersey, United States – Chatham Borough and Chatham Township. The two are separate municipalities. The first, a town that was settled in 1710 as a colonial English village in the Province of New Jersey, that in 1773 adopted a name change to “Chatham”. There are numerous references to this village as “Chatham, New Jersey” dating from that time. The second, more southern, without a town center, and less densely populated, is the vestige of a regional government that was formed in 1806 as a township, a form of municipal government peculiar to the state of New Jersey. It had jurisdiction over a region including a large area of open space and several villages. One of those, the village of Chatham, dating from 1710, was the source for its name, Chatham Township.

Demarest, NJ

Overall SnackAbility

10
/10

Population: 5,007.0
Median Income: $150,139.0
Unemployment Rate: 4.6%
Poverty Rate: 1.8%
More on Demarest: Real Estate | Data | Photos

Little Silver, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 5,922.0
Median Income: $137,652.0
Unemployment Rate: 3.5%
Poverty Rate: 2.9%
More on Little Silver: Real Estate | Data | Photos

Little Silver is a borough in Monmouth County, New Jersey, United States. As of the 2010 United States Census, the borough’s population was 5,950, a drop of 220 (3.6%) from the 6,170 counted in the 2000 Census, which had in turn increased by 449 (+7.8%) from the 5,721 counted in the 1990 Census.

Haddonfield, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 11,444.0
Median Income: $135,700.0
Unemployment Rate: 3.4%
Poverty Rate: 2.9%
More on Haddonfield: Real Estate | Data | Photos

Haddonfield is a borough located in Camden County, New Jersey, United States. As of the 2010 United States Census, the borough had a total population of 11,593, reflecting a decline of 66 (-0.6%) from the 11,659 counted in the 2000 Census, which had in turn increased by 31 (+0.3%) from the 11,628 counted in the 1990 Census.

Watchung, NJ

Source: Public domain
Overall SnackAbility

9
/10

Population: 5,944.0
Median Income: $126,250.0
Unemployment Rate: 2.4%
Poverty Rate: 3.0%
More on Watchung: Real Estate | Data | Photos

Watchung is a borough in Somerset County, New Jersey, United States. As of the 2010 United States Census, the borough’s population was 5,801, reflecting an increase of 188 (+3.3%) from the 5,613 counted in the 2000 Census, which had in turn increased by 503 (+9.8%) from the 5,110 counted in the 1990 Census.

Mendham, NJ

Overall SnackAbility

10
/10

Population: 5,012.0
Median Income: $138,241.0
Unemployment Rate: 3.4%
Poverty Rate: 3.8%
More on Mendham: Real Estate | Data | Photos

Englewood Cliffs, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 5,405.0
Median Income: $131,936.0
Unemployment Rate: 2.9%
Poverty Rate: 3.8%
More on Englewood Cliffs: Real Estate | Data | Photos

There You Have It – The Wealthiest Places In New Jersey For 2018

Like we said earlier, when we set out to identify the richest places in New Jersey, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in New Jersey.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you’re curious enough, here are the poorest cities in New Jersey, according to data:

Poorest: Camden
2nd Poorest: Atlantic City
3rd Poorest: Newark

For more New Jersey reading, check out:

Detailed List Of The Richest Cities In New Jersey

Rank City RichScore Median Income
1 Woodcliff Lake 6.5 $150,862
2 Bernardsville 9.17 $136,563
3 North Caldwell 10.33 $188,897
4 Chatham 11.67 $150,625
5 Demarest 14.33 $150,139
6 Little Silver 17.83 $137,652
7 Haddonfield 18.33 $135,700
8 Watchung 18.5 $126,250
9 Mendham 20.83 $138,241
10 Englewood Cliffs 21.83 $131,936
11 Rumson 22.33 $135,089
12 Fair Haven 23.0 $161,131
13 Westfield 23.5 $150,486
14 Morris Plains 26.67 $123,263
15 Franklin Lakes 27.0 $160,000
16 Upper Saddle River 27.5 $171,747
17 New Providence 27.5 $139,375
18 Glen Rock 28.0 $159,247
19 Oradell 28.33 $145,761
20 Cresskill 29.33 $117,164
21 River Edge 29.67 $111,250
22 Norwood 30.17 $112,031
23 Rockaway 31.83 $79,602
24 Summit 33.0 $136,491
25 Metuchen 33.17 $112,561
26 Oakland 33.67 $112,917
27 Ramsey 37.0 $133,702
28 Glen Ridge 37.67 $170,839
29 Midland Park 38.17 $99,436
30 Ringwood 39.67 $114,458
31 Paramus 39.83 $101,793
32 Tenafly 40.5 $144,353
33 Ridgewood 41.33 $144,734
34 Madison 43.17 $120,608
35 Dumont 43.17 $96,395
36 Closter 44.17 $128,674
37 Lincoln Park 46.17 $83,750
38 Princeton 46.33 $118,467
39 Hillsdale 47.0 $118,138
40 Fanwood 47.17 $119,383
41 Fair Lawn 47.33 $102,716
42 Manasquan 47.83 $98,603
43 Waldwick 48.0 $110,089
44 Mountainside 50.17 $122,500
45 Linwood 50.5 $84,021
46 Allendale 50.67 $151,641
47 Haddon Heights 51.33 $86,676
48 Roseland 52.17 $96,250
49 Kenilworth 53.17 $101,250
50 Edgewater 54.17 $102,355
51 Florham Park 55.83 $116,528
52 Kinnelon 56.33 $133,000
53 Hoboken 57.0 $118,479
54 Butler 57.17 $96,647
55 Park Ridge 58.0 $103,700
56 Westwood 58.33 $89,817
57 Boonton 59.0 $90,082
58 Middlesex 60.17 $82,663
59 Morristown 62.17 $83,036
60 West Long Branch 63.0 $85,640
61 Secaucus 63.17 $94,160
62 Mount Arlington 64.67 $85,282
63 Hawthorne 66.83 $89,472
64 Raritan 67.83 $72,981
65 Wood-Ridge 69.83 $100,169
66 Rutherford 70.83 $87,587
67 Pompton Lakes 70.83 $91,604
68 Audubon 72.17 $77,066
69 Maywood 72.5 $86,155
70 Point Pleasant 72.67 $87,826
71 Old Tappan 73.0 $133,750
72 Bergenfield 74.83 $81,042
73 Carlstadt 75.0 $84,268
74 Wanaque 76.5 $81,267
75 South Plainfield 78.5 $91,957
76 Elmwood Park 79.33 $73,837
77 North Haledon 79.83 $100,724
78 Collingswood 81.33 $62,524
79 North Arlington 82.83 $76,698
80 Leonia 82.83 $88,401
81 Caldwell 83.0 $75,583
82 Spotswood 83.17 $74,668
83 Matawan 85.5 $83,146
84 Berlin 85.5 $87,697
85 Hasbrouck Heights 86.0 $82,870
86 Montvale 86.17 $111,436
87 Totowa 87.0 $96,573
88 Clifton 87.5 $71,830
89 Somerville 87.67 $68,393
90 Barrington 87.67 $68,167
91 Englewood 89.33 $77,272
92 Oceanport 89.5 $106,648
93 Bound Brook 90.67 $66,300
94 New Milford 92.67 $80,709
95 Emerson 92.83 $109,613
96 Dover 93.83 $64,310
97 East Rutherford 94.0 $76,771
98 Fort Lee 94.17 $75,449
99 North Plainfield 96.0 $72,139
100 Highland Park 96.17 $67,829

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