The 10 Richest Cities In New Jersey For 2022


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

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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 2022 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 2022 that are also on our richest list.

To see which cities make the dolla’ holla’ on our wealthiest cities in The Garden State for 2022, 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 — Ramsey. You better have deep pockets if you want to live in Ramsey, 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 2022. 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 2022

1. Ramsey

Ramsey, NJ

Overall SnackAbility

7
/10

Population: 14,915
Rank Last Year: 5 (Up 4)
Median Income: $156,058
Unemployment Rate: 2.3%
Poverty Rate: 1.3%
More on Ramsey: Real Estate | Photos

2. Haddonfield

Haddonfield, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 11,342
Rank Last Year: 2 (No Change)
Median Income: $151,579
Unemployment Rate: 2.4%
Poverty Rate: 2.2%
More on Haddonfield: Real Estate | Photos

3. Roseland

Overall SnackAbility

10
/10

Population: 5,841
Rank Last Year: 16 (Up 13)
Median Income: $142,776
Unemployment Rate: 2.8%
Poverty Rate: 1.8%
More on Roseland: Real Estate

4. New Providence

New Providence, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 13,382
Rank Last Year: 43 (Up 39)
Median Income: $149,718
Unemployment Rate: 3.1%
Poverty Rate: 1.9%
More on New Providence: Real Estate | Photos

5. Little Silver

Little Silver, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 5,817
Rank Last Year: 34 (Up 29)
Median Income: $202,875
Unemployment Rate: 3.9%
Poverty Rate: 1.2%
More on Little Silver: Real Estate | Photos

6. Park Ridge

Park Ridge, NJ

Overall SnackAbility

7
/10

Population: 8,721
Rank Last Year: 8 (Up 2)
Median Income: $143,103
Unemployment Rate: 2.7%
Poverty Rate: 2.3%
More on Park Ridge: Real Estate | Photos

7. Norwood

Norwood, NJ

Overall SnackAbility

7
/10

Population: 5,789
Rank Last Year: 21 (Up 14)
Median Income: $131,563
Unemployment Rate: 2.2%
Poverty Rate: 2.5%
More on Norwood: Real Estate | Photos

8. Fair Haven

Fair Haven, NJ

Overall SnackAbility

10
/10

Population: 5,833
Rank Last Year: 11 (Up 3)
Median Income: $184,201
Unemployment Rate: 3.2%
Poverty Rate: 3.0%
More on Fair Haven: Real Estate | Photos

9. Morris Plains

Overall SnackAbility

9.5
/10

Population: 5,888
Rank Last Year: 25 (Up 16)
Median Income: $127,021
Unemployment Rate: 2.6%
Poverty Rate: 2.1%
More on Morris Plains: Real Estate

10. Allendale

Allendale, NJ

Overall SnackAbility

7
/10

Population: 6,757
Rank Last Year: 4 (Down 6)
Median Income: $157,958
Unemployment Rate: 3.4%
Poverty Rate: 2.5%
More on Allendale: Real Estate | Photos

Methodology: How We Determined The Richest Places In New Jersey For 2022

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 2016-2020 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 187 places with more than 5,000 people in New Jersey, we ranked each place from 1 to 187 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, Ramsey, crowned the “Richest City In New Jersey For 2022”. 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 187 places.

Summary: The Wealthiest Places In New Jersey For 2022

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: Trenton

For more New Jersey reading, check out:

Detailed List Of The Richest Cities In New Jersey

Rank City RichScore Median Income
1 Ramsey 11.0 $156,058
2 Haddonfield 15.67 $151,579
3 Roseland 18.33 $142,776
4 New Providence 18.67 $149,718
5 Little Silver 19.0 $202,875
6 Park Ridge 19.67 $143,103
7 Norwood 21.0 $131,563
8 Fair Haven 21.33 $184,201
9 Morris Plains 23.0 $127,021
10 Allendale 23.0 $157,958
11 North Caldwell 24.67 $188,750
12 Ridgewood 24.67 $178,958
13 Mountainside 25.67 $121,172
14 River Edge 26.33 $128,231
15 Glen Ridge 28.67 $211,091
16 Westfield 29.33 $158,323
17 Waldwick 32.33 $127,574
18 Closter 32.67 $143,947
19 Glen Rock 32.67 $178,607
20 Oakland 33.0 $140,074
21 Rumson 33.33 $222,237
22 Hillsdale 34.67 $155,762
23 Watchung 35.67 $140,417
24 Oceanport 37.33 $105,417
25 Franklin Lakes 39.33 $178,794
26 Englewood Cliffs 39.67 $158,042
27 Emerson 40.0 $129,289
28 Chatham 40.67 $201,923
29 Hopatcong 41.0 $97,679
30 Westwood 41.33 $127,847
31 Fanwood 42.33 $171,023
32 Berlin 42.33 $96,065
33 Carlstadt 42.67 $103,720
34 Tenafly 43.0 $180,601
35 Audubon 44.0 $90,335
36 Old Tappan 44.0 $173,490
37 Edgewater 44.0 $130,267
38 Linwood 44.33 $116,058
39 Leonia 45.0 $96,468
40 Point Pleasant 45.67 $99,030
41 Metuchen 46.33 $136,067
42 Hoboken 46.67 $153,438
43 Cresskill 47.67 $141,706
44 Bernardsville 48.33 $161,655
45 Mount Arlington 48.67 $95,086
46 Oradell 50.67 $144,474
47 Wood-Ridge 51.33 $119,840
48 Fair Lawn 51.67 $129,965
49 Hawthorne 53.0 $103,586
50 Manasquan 53.0 $116,435
51 Union Beach 53.33 $109,512
52 Bogota 54.0 $99,107
53 Princeton 54.33 $146,127
54 Margate City 58.67 $101,354
55 Montvale 60.0 $156,042
56 Midland Park 60.33 $121,607
57 Ringwood 62.0 $123,559
58 Rutherford 62.67 $106,817
59 Florham Park 62.67 $121,200
60 Woodcliff Lake 63.0 $197,632
61 Totowa 63.33 $96,750
62 Paramus 65.33 $130,273
63 Upper Saddle River 66.0 $198,542
64 Kinnelon 66.0 $149,375
65 South Plainfield 66.0 $108,244
66 Caldwell 67.33 $105,102
67 Summit 69.0 $142,845
68 Pompton Lakes 69.33 $98,348
69 Madison 69.67 $157,188
70 Mil 70.33 $105,540
71 Wanaque 71.0 $95,685
72 Somerville 71.33 $86,842
73 Butler 72.0 $99,519
74 Morristown 72.67 $111,130
75 North Haledon 74.0 $101,867
76 Ocean City 74.67 $87,060
77 Tinton Falls 75.0 $95,927
78 Dumont 75.33 $107,172
79 Fort Lee 78.33 $88,457
80 Haddon Heights 80.33 $97,955
81 East Rutherford 81.67 $76,777
82 Bergenfield 82.67 $102,724
83 Roselle Park 83.0 $80,842
84 Sayreville 83.33 $82,693
85 Beachwood 85.33 $81,658
86 Raritan 85.67 $82,471
87 Matawan 86.0 $108,247
88 Boonton 87.0 $85,211
89 North Arlington 87.67 $87,589
90 Bound Brook 88.0 $70,605
91 South Amboy 88.0 $81,742
92 Jamesburg 89.0 $87,551
93 Hight 89.0 $86,291
94 Hasbrouck Heights 89.33 $95,784
95 Lincoln Park 90.33 $100,248
96 Runnemede 91.33 $71,495
97 Secaucus 92.33 $125,142
98 New Milford 93.33 $94,821
99 Cliffside Park 93.67 $83,989
100 Northfield 95.67 $84,464

How Is The Area In ?

Editor’s Note: Data has been updated for 2022. This is our ninth 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.