The 10 Richest Cities In New Jersey For 2024


The richest cities in New Jersey are Short Hills and Rumson for 2024 based on Saturday Night Science.

It’s true what you read about New Jersey in the news. Some cities in the Garden State make Long Island, NY, look like the home of the middle class.

We know that New Jerseyites can make a fantastic bagel. They are one of the top producers of cranberries, and most drugmakers call it home, but what keeps this larger-than-life state ticking? That would be the millionaires that call it home.

To get into one of these cities, you can marry a New Jersey Housewife or find a job that pays an average of $160,000/year. I suggest a job in banking. Someone has to help all of those rich New Jerseyites manage their money.

To create this list, we asked ourselves, what is important to rich people in New Jersey? Besides crazy expensive beach houses down the Jersey Shore, the cities on our list have the highest incomes and home prices.

It turns out that many of our best places to live in New Jersey are also on our richest list.


Table Of Contents: Top Ten | Methodology | Summary | Table


Richest Cities In New Jersey Map

We narrowed down the most affluent cities in New Jersey using Saturday Night Science to look at several factors, including home prices and household incomes. The cities also had to have a population of at least 3,000.

What is the richest city in New Jersey? Short Hills is the richest city in New Jersey.

To learn more about our wealthiest cities in The Garden State for 2024, grab an O’Bagel, a glass of cranberry juice, and read on.

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 2024

1. Short Hills

Overall SnackAbility

7
/10

Population: 14,448
Median Income: $250,001
Median Home Values: $1,908,688
More on Short Hills: Data | Cost Of Living | Real Estate

2. Rumson

Rumson, NJ

Source: Wikipedia User KLOTZ | CC BY-SA 4.0
Overall SnackAbility

10
/10

Population: 7,285
Median Income: $250,001
Median Home Values: $1,812,105
More on Rumson: Data | Crime | Cost Of Living | Real Estate

3. Ho-Ho-Kus

Ho-Ho-Kus, NJ

Source: Wikipedia User Daniel Case | GFDL
Overall SnackAbility

10
/10

Population: 4,234
Median Income: $250,001
Median Home Values: $1,173,280
More on Ho-Ho-Kus: Data | Crime | Real Estate

4. Saddle River

Saddle River, NJ

Source: Wikipedia User JERRYE & ROY KLOTZ M.D. | CC BY-SA 4.0
Overall SnackAbility

9.5
/10

Population: 3,363
Median Income: $228,750
Median Home Values: $1,936,148
More on Saddle River: Data | Crime | Real Estate

5. Upper Saddle River

Upper Saddle River, NJ

Source: Wikipedia User Alexisrael | CC BY-SA 3.0
Overall SnackAbility

9.5
/10

Population: 8,313
Median Income: $234,476
Median Home Values: $1,204,841
More on Upper Saddle River: Data | Crime | Cost Of Living | Real Estate

6. Chatham

Chatham, NJ

Source: Public domain
Overall SnackAbility

7
/10

Population: 9,199
Median Income: $250,001
Median Home Values: $1,092,337
More on Chatham: Data | Crime | Cost Of Living | Real Estate

7. Fair Haven

Fair Haven, NJ

Source: Wikipedia User Apc106 | CC BY-SA 3.0
Overall SnackAbility

10
/10

Population: 6,221
Median Income: $229,643
Median Home Values: $1,262,730
More on Fair Haven: Data | Crime | Cost Of Living | Real Estate

8. Upper Montclair

Overall SnackAbility

6
/10

Population: 12,441
Median Income: $234,620
Median Home Values: $1,111,886
More on Upper Montclair: Data | Cost Of Living | Real Estate

9. Englewood Cliffs

Englewood Cliffs, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 5,347
Median Income: $213,261
Median Home Values: $1,437,753
More on Englewood Cliffs: Data | Crime | Cost Of Living | Real Estate

10. Mountain Lakes

Overall SnackAbility

10
/10

Population: 4,499
Median Income: $250,001
Median Home Values: $1,007,417
More on Mountain Lakes: Data | Crime | Real Estate

Methodology: How We Determined The Richest Places In New Jersey For 2024

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 simply identifying 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 2018-2022 American Community Survey and applied Saturday Night Science:

  • Median Home Values
  • Median Household Income

Median household income is the most digestible way to understand how rich a place is. And home values are a measure of wealth. The two combine to define a “Rich City.”

After we collected the data for all 347 places with more than 3,000 people in New Jersey, we ranked each place from 1 to 347 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, Short Hills, crowned the “Richest City In New Jersey For 2024.”

The data has been updated for 2024. This is our tenth time ranking the wealthiest cities in New Jersey.

You can skip to the end to see the rankings for all 347 places.

Summary: The Wealthiest Places In New Jersey For 2024

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.

The richest cities in New Jersey are Short Hills, Rumson, Ho-Ho-Kus, Saddle River, Upper Saddle River, Chatham, Fair Haven, Upper Montclair, Englewood Cliffs, and Mountain Lakes.

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: Penns Grove
2nd Poorest: Crestwood Village
3rd Poorest: Camden

For more New Jersey reading, check out:

Detailed List Of The Richest Cities In New Jersey

Rank City RichScore Median Income Average Home Price
1 Short Hills 2.5 $250,001 $1,908,688
2 Rumson 3.0 $250,001 $1,812,105
3 Ho-Ho-Kus 5.5 $250,001 $1,173,280
4 Saddle River 6.0 $228,750 $1,936,148
5 Upper Saddle River 7.5 $234,476 $1,204,841
6 Chatham 7.5 $250,001 $1,092,337
7 Fair Haven 8.0 $229,643 $1,262,730
8 Upper Montclair 8.5 $234,620 $1,111,886
9 Englewood Cliffs 10.5 $213,261 $1,437,753
10 Mountain Lakes 10.5 $250,001 $1,007,417
11 Franklin Lakes 13.0 $204,917 $1,396,762
12 Woodcliff Lake 13.5 $227,500 $1,021,125
13 Glen Ridge 15.0 $246,429 $970,075
14 Tenafly 16.5 $207,652 $1,066,620
15 North Caldwell 18.0 $215,000 $1,001,940
16 Westfield 18.5 $203,235 $1,040,776
17 Haworth 20.5 $215,972 $943,022
18 Ridgewood 21.0 $211,224 $978,934
19 Little Silver 21.0 $216,974 $936,174
20 Mendham 22.5 $212,550 $938,574
21 Summit 23.0 $176,702 $1,115,201
22 Blackwells Mills 24.0 $233,516 $859,886
23 Old Tappan 24.5 $195,833 $993,658
24 Bernardsville 24.5 $220,060 $890,901
25 Demarest 28.5 $165,119 $1,108,430
26 Glen Rock 32.0 $202,586 $857,563
27 Closter 32.0 $181,652 $917,085
28 Lincroft 34.0 $186,875 $883,672
29 Belle Mead 35.0 $203,942 $831,721
30 Brielle 36.0 $160,845 $1,011,986
31 Martinsville 40.0 $194,485 $818,627
32 Madison 40.5 $163,567 $906,312
33 Harrington Park 41.0 $183,138 $825,981
34 Oradell 41.0 $196,023 $793,885
35 Allendale 41.5 $163,875 $891,873
36 Princeton 42.0 $176,695 $848,521
37 Robertsville 45.0 $188,068 $757,233
38 Richwood 45.5 $201,037 $725,610
39 Monmouth Beach 46.5 $144,792 $995,570
40 Watchung 46.5 $157,065 $905,582
41 East Freehold 48.0 $184,579 $728,945
42 Mountainside 48.5 $162,531 $851,670
43 Montvale 48.5 $175,179 $787,501
44 Hoboken 49.0 $168,137 $795,620
45 New Providence 49.0 $167,188 $806,187
46 Kinnelon 52.0 $170,905 $745,748
47 Cresskill 52.0 $162,430 $824,668
48 Haddonfield 52.5 $178,362 $698,505
49 Shrewsbury 55.0 $158,065 $818,921
50 Hillsdale 55.0 $175,802 $698,480
51 Manasquan 56.0 $130,240 $1,004,601
52 Park Ridge 57.5 $164,241 $706,489
53 Fanwood 58.5 $177,727 $651,607
54 Paramus 59.0 $136,824 $866,706
55 Florham Park 59.5 $141,620 $852,042
56 Ramsey 62.5 $160,589 $705,649
57 Norwood 62.5 $156,630 $747,730
58 Bradley Gardens 65.5 $170,063 $630,122
59 Oakhurst 68.5 $130,313 $848,679
60 River Edge 72.0 $150,073 $685,672
61 Yorketown 72.0 $156,838 $645,687
62 Oakland 72.5 $162,848 $624,707
63 Oceanport 73.0 $132,723 $795,055
64 Point Pleasant Beach 73.5 $119,647 $910,673
65 Kendall Park 74.0 $159,362 $629,077
66 Fairview 74.25 $187,132 $568,200
67 Green Knoll 74.5 $149,228 $666,439
68 Morganville 76.0 $129,521 $772,658
69 Emerson 76.5 $141,908 $655,975
70 Westwood 77.5 $160,466 $617,848
71 Roseland 80.0 $135,451 $686,003
72 Edgewater 82.5 $136,806 $641,816
73 Franklin Center 83.5 $132,787 $671,628
74 Morris Plains 84.5 $144,540 $620,521
75 Margate City 85.0 $112,661 $892,163
76 West Long Branch 85.5 $114,036 $856,215
77 Waldwick 86.0 $150,861 $600,598
78 Strathmore 87.75 $153,988 $587,875
79 Brookdale 89.0 $149,392 $590,716
80 Midland Park 89.5 $136,326 $623,608
81 Succasunna 89.5 $162,566 $558,704
82 Princeton Meadows 90.0 $120,758 $722,028
83 Fair Lawn 90.0 $141,540 $601,965
84 Wanamassa 90.5 $162,954 $551,557
85 Rutherford 91.0 $128,576 $638,326
86 Moorestown-Lenola 91.5 $136,574 $606,651
87 Metuchen 92.5 $154,339 $566,292
88 Wood-Ridge 94.0 $132,901 $617,275
89 Springdale 94.0 $169,016 $536,240
90 Morristown 95.0 $113,926 $772,172
91 Atlantic Highlands 95.5 $118,591 $688,002
92 North Haledon 97.5 $128,472 $617,950
93 Dayton 99.0 $136,130 $576,456
94 Northvale 100.5 $120,278 $633,189
95 Secaucus 100.5 $129,348 $594,469
96 Ocean City 100.5 $98,576 $1,016,356
97 Heathcote 100.5 $119,979 $634,445
98 Six Mile Run 104.0 $115,526 $649,516
99 Leonia 104.5 $110,679 $726,904
100 Caldwell 105.0 $117,879 $625,878
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.