These Are The 10 Richest Cities In New Jersey For 2019


We analyzed 188 places in New Jersey to determine where the 1% live.

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Editor’s Note: Data has been updated for 2019. This is our fifth time ranking the richest cities in New Jersey.

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Woodcliff Lake, North Caldwell, Englewood Cliffs: 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 $161,250 and a ridiculously low poverty rate of 1.5%.

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 2013-2017 American Community Survey for the 188 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 2019:

  1. Woodcliff Lake (Photos | Homes For Sale)
  2. North Caldwell (Photos | Homes For Sale)
  3. Englewood Cliffs (Photos | Homes For Sale)
  4. Cresskill (Photos | Homes For Sale)
  5. Ramsey (Photos | Homes For Sale)
  6. Haddonfield (Photos | Homes For Sale)
  7. Chatham (Photos | Homes For Sale)
  8. Westfield (Photos | Homes For Sale)
  9. Fair Haven (Photos | Homes For Sale)
  10. Watchung (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 2019

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 2013-2017 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 188 places with more than 5,000 people in New Jersey, we ranked each place from 1 to 188 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 City In New Jersey For 2019”.

You can learn more about the top ten below or skip to the end to see the rankings for all 188 places.

Woodcliff Lake, NJ

Overall SnackAbility

10
/10

Population: 5,868
Rank Last Year: 1 (No Change)
Median Income: $161,250
Unemployment Rate: 2.5%
Poverty Rate: 1.5%
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.

North Caldwell, NJ

Overall SnackAbility

10
/10

Population: 6,637
Rank Last Year: 3 (Up 1)
Median Income: $187,470
Unemployment Rate: 3.7%
Poverty Rate: 2.0%
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.

Englewood Cliffs, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 5,435
Rank Last Year: 10 (Up 7)
Median Income: $134,629
Unemployment Rate: 3.0%
Poverty Rate: 2.2%
More on Englewood Cliffs: Real Estate | Data | Photos

Cresskill, NJ

Overall SnackAbility

10
/10

Population: 8,811
Rank Last Year: 20 (Up 16)
Median Income: $136,250
Unemployment Rate: 2.1%
Poverty Rate: 2.8%
More on Cresskill: Real Estate | Data | Photos

Cresskill is a borough in Bergen County, New Jersey, United States. As of the 2010 United States Census, the borough’s population was 8,573, reflecting an increase of 827 (+10.7%) from the 7,746 counted in the 2000 Census, which had in turn increased by 188 (+2.5%) from the 7,558 counted in the 1990 Census. This town got its name from “Cress”, referring to the watercress which grew in its streams, and “Kill”, referring to the stream passing through.

Ramsey, NJ

Overall SnackAbility

7
/10

Population: 15,121
Rank Last Year: 27 (Up 22)
Median Income: $137,768
Unemployment Rate: 4.1%
Poverty Rate: 2.4%
More on Ramsey: Real Estate | Data | Photos

Ramsey is a borough in Bergen County, New Jersey, United States. It is a suburb of New York City, located 26 miles (42 km) northwest of Midtown Manhattan. As of the 2010 United States Census, the borough’s population was 14,473, reflecting an increase of 122 (+0.9%) from the 14,351 counted in the 2000 Census, which had in turn increased by 1,123 (+8.5%) from the 13,228 counted in the 1990 Census.

Haddonfield, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 11,428
Rank Last Year: 7 (Up 1)
Median Income: $138,920
Unemployment Rate: 3.5%
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.

Chatham, NJ

Source: Public domain
Overall SnackAbility

7
/10

Population: 9,003
Rank Last Year: 4 (Down 3)
Median Income: $163,026
Unemployment Rate: 4.8%
Poverty Rate: 1.5%
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.

Westfield, NJ

Overall SnackAbility

7
/10

Population: 30,591
Rank Last Year: 13 (Up 5)
Median Income: $159,923
Unemployment Rate: 4.5%
Poverty Rate: 2.7%
More on Westfield: Real Estate | Data | Photos

Westfield is a town in Union County of New Jersey, United States. As of the 2010 United States Census, the town’s population was 30,316, reflecting an increase of 672 (+2.3%) from the 29,644 counted in the 2000 Census, which had in turn increased by 774 (+2.7%) from the 28,870 counted in the 1990 Census. According to a 2014 nationwide survey, Westfield is considered to be the 30th-safest city to live in the United States.

Fair Haven, NJ

Overall SnackAbility

10
/10

Population: 6,015
Rank Last Year: 12 (Up 3)
Median Income: $158,264
Unemployment Rate: 4.2%
Poverty Rate: 3.4%
More on Fair Haven: Real Estate | Data | Photos

Fair Haven is a borough in Monmouth County, New Jersey, along the Navesink River and is part of the New York Metropolitan Area. Fair Haven is located on the Rumson peninsula and is bordered by Red Bank and Little Silver to the west. As of the 2010 United States Census, the borough’s population was 6,121, reflecting an increase of 184 (+3.1%) from the 5,937 counted in the 2000 Census, which had in turn increased by 667 (+12.7%) from the 5,270 counted in the 1990 Census.

Watchung, NJ

Source: Public domain
Overall SnackAbility

9
/10

Population: 5,961
Rank Last Year: 8 (Down 2)
Median Income: $121,678
Unemployment Rate: 2.4%
Poverty Rate: 3.5%
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.

There You Have It – The Wealthiest Places In New Jersey For 2019

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

For more New Jersey reading, check out:

Detailed List Of The Richest Cities In New Jersey

Rank City RichScore Median Income
1 Woodcliff Lake 6.0 $161,250
2 North Caldwell 9.33 $187,470
3 Englewood Cliffs 15.17 $134,629
4 Cresskill 15.67 $136,250
5 Ramsey 18.5 $137,768
6 Haddonfield 19.5 $138,920
7 Chatham 20.0 $163,026
8 Westfield 21.5 $159,923
9 Fair Haven 22.17 $158,264
10 Watchung 25.33 $121,678
11 Tenafly 26.83 $153,906
12 Rumson 27.5 $158,229
13 Glen Ridge 28.67 $196,821
14 Upper Saddle River 28.83 $176,674
15 Glen Rock 29.0 $162,443
16 Norwood 29.5 $125,417
17 Bernardsville 30.17 $150,635
18 Ridgewood 30.5 $162,011
19 River Edge 31.17 $123,590
20 Franklin Lakes 32.5 $155,458
21 Little Silver 32.5 $144,250
22 New Providence 34.17 $129,638
23 Midland Park 34.67 $105,313
24 Metuchen 35.67 $116,632
25 Oradell 36.67 $137,583
26 Lincoln Park 37.5 $91,285
27 Hillsdale 37.67 $124,844
28 Morris Plains 37.67 $125,229
29 Fair Lawn 37.67 $109,747
30 Rockaway 38.17 $83,714
31 Oakland 38.17 $112,944
32 Park Ridge 38.67 $106,875
33 Fanwood 39.5 $132,292
34 Summit 39.83 $132,443
35 Demarest 40.33 $149,271
36 Princeton 41.83 $125,506
37 Paramus 42.0 $105,114
38 Roseland 44.17 $110,208
39 Dumont 46.83 $94,617
40 Madison 47.67 $127,948
41 Kenilworth 48.0 $108,281
42 Ringwood 48.5 $116,198
43 Waldwick 48.83 $115,591
44 Butler 51.83 $96,474
45 Westwood 53.67 $95,685
46 Closter 53.67 $130,670
47 Morristown 54.17 $92,296
48 Edgewater 54.83 $103,505
49 Mountainside 55.83 $129,405
50 Manasquan 56.17 $106,298
51 Florham Park 56.33 $123,266
52 Bergenfield 56.5 $90,962
53 Kinnelon 57.33 $147,267
54 Allendale 58.83 $151,875
55 Hoboken 58.83 $127,523
56 Linwood 60.17 $91,861
57 West Long Branch 61.0 $100,000
58 Secaucus 61.5 $99,883
59 Mount Arlington 64.67 $90,625
60 Hawthorne 64.67 $93,675
61 Boonton 65.33 $91,055
62 Oceanport 65.33 $107,571
63 Tinton Falls 65.83 $79,206
64 Raritan 68.33 $78,974
65 Hasbrouck Heights 71.33 $87,800
66 Audubon 72.33 $80,925
67 Point Pleasant 73.33 $93,276
68 Bound Brook 74.33 $65,199
69 Collingswood 74.67 $64,885
70 Matawan 74.83 $86,149
71 Haddon Heights 75.0 $90,387
72 Wanaque 75.17 $83,010
73 Middlesex 75.5 $73,196
74 Emerson 76.67 $111,536
75 Maywood 76.67 $86,100
76 Totowa 77.33 $97,729
77 Somerville 77.5 $72,731
78 Carlstadt 77.67 $89,419
79 Berlin 78.17 $90,354
80 Ridgefield Park 79.33 $72,191
81 Rutherford 79.5 $93,787
82 Margate City 79.67 $69,896
83 Pompton Lakes 79.83 $92,952
84 Old Tappan 80.17 $141,185
85 East Rutherford 80.5 $77,400
86 South Plainfield 82.5 $91,889
87 North Haledon 82.5 $96,851
88 Jamesburg 83.17 $83,095
89 Caldwell 84.0 $85,162
90 New Milford 84.83 $84,025
91 Spotswood 85.83 $75,226
92 Elmwood Park 85.83 $76,907
93 Woodland Park 88.5 $73,870
94 Clifton 88.83 $74,963
95 Sayreville 89.0 $79,620
96 Montvale 91.0 $120,060
97 Highland Park 91.17 $75,913
98 Northfield 92.5 $73,586
99 Wallington 92.5 $62,648
100 Hopatcong 93.17 $79,613

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