The 10 Richest Cities In New Jersey For 2023


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

It’s true what you read about New Jersey in the news: there are cities in this state that make Long Island, NY look like the home of the middle class.

We know that New Jerseyites can make an amazing bagel, they are one of the top producers of cranberries, and most of the drugmakers call it home, but what is it that keeps this larger than life state ticking? That folks, would be the millionaires that call it home. Curious to know where the ‘Richie Rich’ of New Jersey live? We’ve done the work for you with the top ten richest cities in New Jersey for 2023 list.

To create this list, we asked ourselves, what is important to rich people in New Jersey? Besides the obvious: high paying jobs, affluent neighborhoods, and crazy expensive beach houses at the Jersey Shore; the cities on our list had to cater to the ‘one percent’ on a different level, they had to be super posh posh.

How does one get their hand on one of these New Jersey cities; where living your best life requires a substantial amount of money? Well, a couple of things have to fall into place for you. You can marry a New Jersey Housewife or you can find a job that pays on average $160,000/year. Might we suggest a job in banking? Someone has to help all of those rich New Jerseyites manage their money. Wealthy people want to live in the best cities, so it’s not lost on us that there are multiple cities on our best places to live in New Jersey for 2023 that are also on our richest list.

To see which cities make the dolla’ holla’ on our wealthiest cities in The Garden State for 2023, grab an O’Bagel, a glass of cranberry juice, and read on.

In all seriousness, we narrowed down the richest cities in New Jersey by looking at several factors: poverty rate, median household income, unemployment rate; and obviously, where Jersey’s filthy rich like to hang. The cities also had to have a population of at least 5,000.

And the winner is — Park Ridge. You better have deep pockets if you want to live in Park Ridge, folks.

So where exactly is the money located in the great state of New Jersey? Continue reading as we unravel the richest cities in New Jersey for 2023. And if you don’t see your city there, head to the bottom.

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

The 10 Richest Cities In New Jersey For 2023

1. Park Ridge

Park Ridge, NJ

Overall SnackAbility

7
/10

Population: 8,987
Rank Last Year: 6 (Up 5)
Median Income: $168,269
Unemployment Rate: 2.5%
Poverty Rate: 1.8%
More on Park Ridge: Real Estate | Photos

2. Ramsey

Ramsey, NJ

Overall SnackAbility

7
/10

Population: 14,801
Rank Last Year: 1 (Down 1)
Median Income: $156,473
Unemployment Rate: 2.3%
Poverty Rate: 1.4%
More on Ramsey: Real Estate | Photos

3. Little Silver

Little Silver, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 6,103
Rank Last Year: 5 (Up 2)
Median Income: $212,069
Unemployment Rate: 3.9%
Poverty Rate: 1.4%
More on Little Silver: Real Estate | Photos

4. New Providence

New Providence, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 13,570
Rank Last Year: 4 (No Change)
Median Income: $155,370
Unemployment Rate: 3.4%
Poverty Rate: 1.0%
More on New Providence: Real Estate | Photos

5. Old Tappan

Old Tappan, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 5,870
Rank Last Year: 36 (Up 31)
Median Income: $180,568
Unemployment Rate: 3.3%
Poverty Rate: 2.4%
More on Old Tappan: Real Estate | Photos

6. Fair Haven

Fair Haven, NJ

Overall SnackAbility

10
/10

Population: 6,235
Rank Last Year: 8 (Up 2)
Median Income: $192,500
Unemployment Rate: 3.7%
Poverty Rate: 3.1%
More on Fair Haven: Real Estate | Photos

7. River Edge

River Edge, NJ

Overall SnackAbility

10
/10

Population: 12,024
Rank Last Year: 14 (Up 7)
Median Income: $142,214
Unemployment Rate: 2.4%
Poverty Rate: 2.9%
More on River Edge: Real Estate | Photos

8. Norwood

Norwood, NJ

Overall SnackAbility

6
/10

Population: 5,666
Rank Last Year: 7 (Down 1)
Median Income: $144,390
Unemployment Rate: 2.4%
Poverty Rate: 3.0%
More on Norwood: Real Estate | Photos

9. Haddonfield

Haddonfield, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 12,383
Rank Last Year: 2 (Down 7)
Median Income: $159,323
Unemployment Rate: 3.7%
Poverty Rate: 2.2%
More on Haddonfield: Real Estate | Photos

10. Westfield

Westfield, NJ

Overall SnackAbility

7
/10

Population: 30,950
Rank Last Year: 16 (Up 6)
Median Income: $185,319
Unemployment Rate: 4.3%
Poverty Rate: 2.0%
More on Westfield: Real Estate | Photos

Methodology: How We Determined The Richest Places In New Jersey For 2023

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 2017-2021 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, Park Ridge, crowned the “Richest City In New Jersey For 2023”. You can download the data here.

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

Summary: The Wealthiest Places In New Jersey For 2023

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

For more New Jersey reading, check out:

Detailed List Of The Richest Cities In New Jersey

Rank City RichScore Median Income
1 Park Ridge 14.0 $168,269
2 Ramsey 14.0 $156,473
3 Little Silver 16.33 $212,069
4 New Providence 17.33 $155,370
5 Old Tappan 19.0 $180,568
6 Fair Haven 25.0 $192,500
7 River Edge 25.67 $142,214
8 Norwood 26.0 $144,390
9 Haddonfield 26.0 $159,323
10 Westfield 27.33 $185,319
11 Hillsdale 29.67 $165,964
12 Ridgewood 30.67 $194,256
13 Waldwick 31.67 $132,315
14 Cresskill 31.67 $155,515
15 Montvale 32.0 $163,170
16 Mountainside 33.0 $133,365
17 North Caldwell 33.67 $172,419
18 Oradell 34.0 $174,643
19 Berlin 34.0 $103,634
20 Morris Plains 34.0 $131,731
21 Rumson 35.0 $239,188
22 Allendale 35.33 $165,599
23 Fanwood 35.67 $178,311
24 Oakland 36.33 $152,283
25 Glen Rock 37.67 $182,292
26 Franklin Lakes 38.33 $188,272
27 Westwood 39.0 $136,603
28 Audubon 39.33 $97,191
29 Roseland 42.0 $145,994
30 Florham Park 43.33 $134,018
31 Glen Ridge 44.0 $243,899
32 Princeton 45.0 $165,149
33 Chatham 45.67 $209,283
34 Hoboken 45.67 $160,890
35 Closter 46.0 $166,125
36 Manasquan 46.33 $132,596
37 Mount Arlington 47.0 $89,795
38 Hight 49.0 $91,875
39 Point Pleasant 49.33 $102,143
40 Mil 49.33 $106,450
41 Metuchen 49.67 $141,915
42 Rutherford 50.0 $118,462
43 Totowa 51.67 $103,419
44 Leonia 52.0 $102,381
45 Edgewater 52.33 $126,483
46 Englewood Cliffs 52.67 $191,875
47 Bogota 53.67 $104,949
48 Ringwood 54.0 $130,833
49 Hopatcong 54.67 $99,177
50 Carlstadt 57.33 $108,479
51 Watchung 58.33 $143,889
52 Wanaque 58.67 $102,977
53 Bernardsville 59.67 $200,375
54 Union Beach 61.0 $114,028
55 Hawthorne 62.33 $107,416
56 Haddon Heights 63.33 $104,744
57 Caldwell 64.0 $107,596
58 Tenafly 64.0 $179,833
59 Fair Lawn 64.33 $133,209
60 Emerson 65.0 $135,396
61 Linwood 65.33 $118,795
62 Midland Park 65.67 $129,148
63 Kinnelon 67.0 $163,611
64 Madison 67.67 $152,346
65 Woodcliff Lake 68.0 $210,078
66 Somerville 68.33 $92,995
67 Butler 68.67 $103,018
68 Beachwood 68.67 $88,940
69 Upper Saddle River 69.67 $220,068
70 Dumont 70.0 $108,333
71 Oceanport 70.33 $111,400
72 North Haledon 72.0 $107,250
73 East Rutherford 72.67 $86,592
74 Wood-Ridge 73.0 $123,184
75 Margate City 73.0 $106,053
76 South Plainfield 74.33 $114,293
77 Ocean City 77.0 $88,414
78 Morristown 77.33 $112,570
79 Secaucus 77.67 $125,246
80 Pompton Lakes 77.67 $100,906
81 Paramus 78.0 $130,446
82 Summit 78.33 $151,505
83 Haledon 80.0 $94,146
84 Matawan 81.0 $115,035
85 Bergenfield 82.0 $111,851
86 Jamesburg 83.33 $93,000
87 Raritan 83.67 $90,125
88 Ridgefield 84.0 $93,045
89 Sayreville 84.67 $89,600
90 Northfield 84.67 $88,232
91 New Milford 85.0 $98,992
92 Boonton 85.67 $85,948
93 Roselle Park 86.0 $85,427
94 Lincoln Park 88.0 $105,299
95 Fort Lee 88.0 $92,456
96 Hasbrouck Heights 89.33 $102,639
97 Tinton Falls 91.33 $96,294
98 North Arlington 92.0 $94,012
99 Dunellen 93.0 $81,525
100 Middlesex 93.67 $90,162

How Is The Area In ?

Editor’s Note: Data has been updated for 2023. This is our tenth time ranking the richest cities in New Jersey.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.