Top 10 Richest Towns in New Jersey - Exploring the Opulence
by B Kishwar | Updated Nov 28, 2023
Top 10 Richest Towns in New Jersey
1
Rockleigh
2
Saddle River
3
Short Hills
4
Rumson
5
Alpine
6
Essex Fells
7
Mantoloking
8
Harlingen
9
Ho-Ho-Kus
10
Mountain Lakes
S. No
Richest Towns in New Jersey
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Richest Towns in New Jersey
New Jersey, known for its diverse landscape and proximity to major metropolitan areas, is home to several affluent communities commonly referred to as the "Richest Towns in New Jersey." These towns boast high median household incomes, luxurious residences, and a reputation for providing an upscale and desirable living environment. Known for their well-manicured neighborhoods, excellent school systems, and proximity to economic hubs like New York City, these towns attract affluent residents seeking an affluent lifestyle and premium amenities. The list of the richest towns often includes communities with high median household incomes, impressive real estate values, and a commitment to maintaining a high quality of life for their residents. These towns not only exemplify economic prosperity but also showcase the appeal of suburban living in the Garden State.
1. Rockleigh
Rockleigh, situated in Bergen County, New Jersey, is renowned for its exclusive and secluded atmosphere. With a modest total of 74 households, Rockleigh stands out as a small yet affluent community. The town's median household income of $201,500 and a mean household income of $413,309 reflect the financial prosperity of its residents. What distinguishes Rockleigh is its opulent real estate, characterized by median home values exceeding $2,000,000.
The town's commitment to maintaining a high standard of living is further underscored by the median property taxes paid, which surpass $10,000. The allure of Rockleigh lies not only in its economic affluence but also in its serene, upscale residential landscape, making it an ideal haven for those seeking a tranquil yet luxurious lifestyle.
2. Saddle River
Saddle River, an affluent enclave in Bergen County, stands as one of New Jersey's premier residential communities. With 1,341 households, the town offers a spacious and elegant living environment. Saddle River is distinguished by a median household income exceeding $250,000 and a mean household income of $330,303, emphasizing the financial prosperity of its residents.
The town's real estate landscape is marked by a median home value of $1,940,600, reflecting the premium nature of its housing stock. Additionally, Saddle River residents contribute to the community's affluent profile by paying median property taxes exceeingd $10,000. The town's commitment to exclusivity, spacious properties, and a high quality of life positions Saddle River as a coveted address for those seeking luxury and sophistication in their residential experience.
3. Short Hills
Short Hills, situated in Essex County, is a highly desirable residential community known for its affluence and proximity to New York City. Boasting 4,561 households, Short Hills is a bustling yet refined suburb. The town's median household income, exceeding $250,000, and a mean household income of $428,352, highlight the financial success of its residents.
Short Hills is characterized by a real estate landscape featuring a median home value of $1,389,900, reflecting the upscale nature of its housing market. With a commitment to education and community amenities, Short Hills provides an exceptional living experience for its residents. The median property taxes paid, exceeding $10,000, further underline the town's dedication to maintaining its high standards, making Short Hills a sought-after destination for those seeking an upscale suburban lifestyle.
4. Rumson
Nestled along the banks of the Navesink River, Rumson stands as one of New Jersey's most exclusive and affluent communities. This picturesque borough is renowned for its historic charm, scenic waterfront properties, and an exceptional standard of living. With a population of around 7,000 residents, Rumson is characterized by its elegant estates, many of which date back to the 19th century, reflecting the town's rich history. The real estate landscape features a mix of grand Colonial and Victorian-style homes, contributing to Rumson's reputation as a haven for those seeking upscale and timeless residences.
Beyond its opulent real estate, Rumson is celebrated for its strong sense of community and a vibrant social scene. The town offers excellent educational opportunities with top-rated schools, making it an attractive destination for families. Residents can also enjoy the natural beauty of the area, including scenic parks, beaches, and yacht clubs along the river. With its proximity to both New York City and the Jersey Shore, Rumson strikes a balance between a tranquil suburban lifestyle and convenient access to urban amenities.
5. Alpine
Alpine, perched atop the scenic Palisades overlooking the Hudson River, epitomizes luxury and exclusivity in the New Jersey landscape. As one of the wealthiest towns in the United States, Alpine is renowned for its expansive estates, gated mansions, and a secluded atmosphere that attracts high-profile residents. The town's real estate market boasts some of the highest property values in the nation, with many homes featuring breathtaking views of the Manhattan skyline. Alpine's exclusivity is further accentuated by its low population density, adding to the privacy and prestige associated with living in this elite enclave.
In addition to its residential grandeur, Alpine offers a serene and private escape from the bustling nearby metropolis. The town's commitment to maintaining large properties and preserving natural landscapes contributes to its appeal. Despite its tranquil setting, Alpine is conveniently located near major highways, providing easy access to cultural and commercial offerings in New York City. The combination of lavish residences, privacy, and proximity to urban amenities makes Alpine a sought-after address for those seeking the epitome of luxury living.
6. Essex Fells
Essex Fells, a charming borough in Essex County, New Jersey, embodies a perfect blend of affluence, community, and suburban serenity. With a population of around 2,000 residents, this residential oasis is characterized by its tree-lined streets, stately homes, and a close-knit community atmosphere. Essex Fells is particularly known for its architectural diversity, featuring a mix of classic Tudor, Colonial, and Mediterranean-style residences, each contributing to the town's unique character.
The town's commitment to education is evident through its well-regarded school system, making Essex Fells an attractive destination for families seeking top-notch educational opportunities. Beyond academics, the community actively participates in local events and traditions, fostering a strong sense of camaraderie among residents. Essex Fells offers easy access to outdoor recreation, with nearby parks and nature reserves providing residents with opportunities for leisure and relaxation. Overall, Essex Fells stands as a testament to the appeal of upscale suburban living within the picturesque landscapes of northern New Jersey.
7. Mantoloking
Mantoloking, a small and exclusive borough in Ocean County, New Jersey, is renowned for its picturesque seaside charm and upscale residential character. Nestled between the Atlantic Ocean and Barnegat Bay, this waterfront community boasts a limited number of households, with a mere 177 in total. Known for its pristine beaches and stunning waterfront properties, Mantoloking attracts affluent residents seeking a serene and luxurious coastal lifestyle.
The median household income of $177,813 reflects the affluence of its residents, who enjoy not only the natural beauty of the Jersey Shore but also the proximity to major urban centers. The real estate landscape in Mantoloking predominantly consists of high-end homes, and the median property taxes paid, at $10,000+, reflect the premium nature of the residences in this exclusive enclave.
8. Harlingen
Harlingen, a small yet affluent community in Somerset County, New Jersey, is recognized for its elegant homes, green spaces, and a distinguished atmosphere. With a modest population of 138 households, Harlingen stands out for its commitment to providing a high quality of life. The town's median household income, surpassing $250,000, underscores the affluence of its residents.
Harlingen's real estate landscape features well-maintained properties, and the median home value, at $693,500, reflects the desirability of the housing stock. With a focus on education and community, Harlingen offers an attractive blend of tranquility and sophistication, making it a sought-after location for those seeking a refined suburban lifestyle in the heart of New Jersey.
9. Ho-Ho-Kus
Ho-Ho-Kus, situated in Bergen County, is a charming borough celebrated for its tree-lined streets, historic architecture, and a strong sense of community. Boasting a population of 1,444 households, Ho-Ho-Kus has a median household income of $244,493, indicative of its affluent resident base. The town's real estate landscape is characterized by a mix of architectural styles, from historic homes to modern estates, contributing to its diverse and attractive housing options.
With a median home value of $815,200 and median property taxes paid at $10,000+, Ho-Ho-Kus reflects a commitment to maintaining a high standard of living. Residents benefit from top-rated schools, local parks, and a welcoming atmosphere, making Ho-Ho-Kus a desirable enclave for those seeking an affluent yet community-oriented lifestyle.
10. Mountain Lakes
Mountain Lakes, a picturesque borough in Morris County, New Jersey, is renowned for its natural beauty, pristine lakes, and distinctive architecture. Home to 1,413 households, Mountain Lakes has a median household income exceeding $250,000, reflecting the affluence of its residents. The town's real estate market is characterized by a mix of historic homes and modern residences, set against the backdrop of scenic lakes and lush greenery.
While the median home value is not specified, the emphasis on architectural and natural beauty contributes to a premium real estate market. With a commitment to preserving its unique character, Mountain Lakes provides an upscale suburban lifestyle, complete with excellent schools, recreational amenities, and a strong sense of community.
How Does Median Household Income Contribute to Affluence in New Jersey Towns?
The median household income plays a pivotal role in contributing to affluence in New Jersey towns, serving as a key indicator of the economic prosperity and overall wealth of a community. In affluent towns, such as those often recognized as the richest in New Jersey, the median household income tends to be substantially higher than the state and national averages. This heightened income level allows residents to enjoy a superior quality of life, access to premium amenities, and the ability to invest in upscale housing.
Communities with a high median household income often attract businesses that cater to an affluent clientele, contributing to a flourishing local economy. The increased economic activity in turn creates a positive feedback loop, fostering further prosperity. Higher median incomes also lead to greater property values, as residents have the financial capacity to invest in luxurious homes and maintain upscale neighborhoods. Consequently, these towns tend to have a well-maintained infrastructure, top-notch schools, and access to cultural and recreational opportunities, all of which contribute to the overall affluence and desirability of the community.
Furthermore, a higher median household income typically translates to increased spending power, positively impacting local businesses and services. Residents in affluent towns are more likely to contribute to the local economy through discretionary spending, supporting high-end retail, dining establishments, and entertainment venues. This economic stability not only enhances the affluence of the community but also fosters a vibrant and thriving local environment.
The median household income serves as a critical factor in shaping the affluence of New Jersey towns. It influences the standard of living, the quality of services available, and the overall economic vitality, creating an environment that attracts and sustains an affluent resident base.
Richest Towns in New Jersey - FAQs
The median household income in Mantoloking is $177,813.
Harlingen has a population of 138 households.
The median home value in Ho-Ho-Kus is $815,200.
Mountain Lakes is renowned for its scenic lakes and distinctive architecture.
The real estate market in Mantoloking is characterized by high-end waterfront properties, with a median property tax of $10,000+.