The 10 Richest Cities In New Jersey For 2021


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

Editor’s Note: Data has been updated for 2021. This is our seventh time ranking the richest cities in New Jersey.

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 2021 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 2021 that are also on our richest list.

To see which cities make the dolla' holla' on our wealthiest cities in The Garden State for 2021, grab an O'Bagel, a glass of cranberry juice, and read on.

Here are the 10 richest places in New Jersey for 2021:

  1. North Caldwell
  2. Haddonfield
  3. Rumson
  4. Allendale
  5. Ramsey
  6. Westfield
  7. Woodcliff Lake
  8. Park Ridge
  9. Cresskill
  10. Ridgewood

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 -- North Caldwell. You better have deep pockets if you want to live in North Caldwell, 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 2021. 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 2021

1. North Caldwell

North Caldwell, NJ

Overall SnackAbility

10
/10

Population: 6,615
Rank Last Year: 1 (No Change)
Median Income: $187,734
Unemployment Rate: 1.7%
Poverty Rate: 0.9%
More on North Caldwell: Real Estate | Photos

2. Haddonfield

Haddonfield, NJ

Source: Public domain
Overall SnackAbility

10
/10

Population: 11,345
Rank Last Year: 2 (No Change)
Median Income: $150,958
Unemployment Rate: 2.3%
Poverty Rate: 1.5%
More on Haddonfield: Real Estate | Photos

3. Rumson

Rumson, NJ

Overall SnackAbility

10
/10

Population: 6,792
Rank Last Year: 4 (Up 1)
Median Income: $188,906
Unemployment Rate: 3.4%
Poverty Rate: 1.7%
More on Rumson: Real Estate | Photos

4. Allendale

Allendale, NJ

Overall SnackAbility

6
/10

Population: 6,765
Rank Last Year: 39 (Up 35)
Median Income: $170,968
Unemployment Rate: 3.3%
Poverty Rate: 1.6%
More on Allendale: Real Estate | Photos

5. Ramsey

Ramsey, NJ

Overall SnackAbility

7
/10

Population: 14,940
Rank Last Year: 7 (Up 2)
Median Income: $147,875
Unemployment Rate: 3.0%
Poverty Rate: 2.0%
More on Ramsey: Real Estate | Photos

6. Westfield

Westfield, NJ

Overall SnackAbility

7
/10

Population: 29,877
Rank Last Year: 5 (Down 1)
Median Income: $170,798
Unemployment Rate: 2.7%
Poverty Rate: 3.1%
More on Westfield: Real Estate | Photos

7. Woodcliff Lake

Woodcliff Lake, NJ

Overall SnackAbility

10
/10

Population: 5,832
Rank Last Year: 3 (Down 4)
Median Income: $171,103
Unemployment Rate: 2.0%
Poverty Rate: 3.7%
More on Woodcliff Lake: Real Estate | Photos

8. Park Ridge

Park Ridge, NJ

Overall SnackAbility

7
/10

Population: 8,766
Rank Last Year: 22 (Up 14)
Median Income: $137,903
Unemployment Rate: 2.9%
Poverty Rate: 2.3%
More on Park Ridge: Real Estate | Photos

9. Cresskill

Cresskill, NJ

Overall SnackAbility

10
/10

Population: 8,699
Rank Last Year: 8 (Down 1)
Median Income: $151,442
Unemployment Rate: 2.9%
Poverty Rate: 3.1%
More on Cresskill: Real Estate | Photos

10. Ridgewood

Ridgewood, NJ

Overall SnackAbility

10
/10

Population: 25,179
Rank Last Year: 20 (Up 10)
Median Income: $184,355
Unemployment Rate: 3.4%
Poverty Rate: 3.5%
More on Ridgewood: Real Estate | Photos

How We Determined The Richest Places In New Jersey For 2021

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 2015-2019 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, North Caldwell, crowned the "Richest City In New Jersey For 2021". 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 188 places.

There You Have It - The Wealthiest Places In New Jersey For 2021

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: Camden
2nd Poorest: Atlantic City
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 North Caldwell 2.33 $187,734
2 Haddonfield 11.33 $150,958
3 Rumson 14.67 $188,906
4 Allendale 15.33 $170,968
5 Ramsey 18.33 $147,875
6 Westfield 18.67 $170,798
7 Woodcliff Lake 19.33 $171,103
8 Park Ridge 20.33 $137,903
9 Cresskill 22.33 $151,442
10 Ridgewood 25.33 $184,355
11 Fair Haven 26.0 $179,138
12 Metuchen 26.67 $128,619
13 Closter 28.33 $140,357
14 Glen Rock 29.0 $187,000
15 Hillsdale 29.33 $146,080
16 Roseland 29.33 $129,006
17 Glen Ridge 33.33 $202,222
18 River Edge 34.33 $124,598
19 Oakland 35.0 $126,319
20 Englewood Cliffs 36.33 $148,446
21 Norwood 36.67 $122,200
22 Tenafly 37.33 $172,926
23 Upper Saddle River 37.33 $158,536
24 Waldwick 37.33 $124,803
25 Morris Plains 37.67 $128,438
26 Chatham 38.0 $192,321
27 Ringwood 38.0 $125,476
28 Franklin Lakes 39.33 $172,766
29 Bernardsville 39.67 $165,052
30 Emerson 40.67 $128,093
31 Midland Park 42.33 $121,162
32 Westwood 43.33 $110,473
33 Leonia 43.33 $102,250
34 Little Silver 44.33 $179,391
35 Fair Lawn 45.0 $123,159
36 Oradell 46.0 $132,358
37 Totowa 46.67 $105,637
38 Madison 47.33 $146,157
39 Paramus 48.67 $128,306
40 Mountainside 49.33 $119,000
41 Hoboken 50.67 $147,620
42 Carlstadt 52.33 $88,827
43 New Providence 52.33 $143,672
44 Lincoln Park 52.5 $97,003
45 Princeton 52.67 $137,672
46 Kinnelon 53.67 $158,000
47 Mount Arlington 54.0 $77,043
48 Edgewater 54.33 $127,221
49 Watchung 54.67 $157,263
50 Hawthorne 57.0 $97,692
51 Manasquan 58.67 $124,185
52 Boonton 59.0 $87,027
53 Point Pleasant 59.67 $98,401
54 Tinton Falls 61.0 $87,157
55 Hopatcong 61.67 $89,400
56 Montvale 62.0 $146,708
57 Summit 62.33 $157,835
58 Rutherford 63.0 $101,473
59 Secaucus 63.33 $114,821
60 Florham Park 63.67 $128,071
61 Matawan 63.67 $100,127
62 Margate City 64.33 $83,045
63 Linwood 65.0 $109,013
64 Morristown 65.67 $96,545
65 Audubon 66.0 $86,806
66 West Long Branch 66.0 $109,073
67 Wood-Ridge 67.33 $110,625
68 Butler 67.33 $95,446
69 Rockaway 67.33 $96,602
70 Haddon Heights 68.67 $102,523
71 Fanwood 68.67 $147,905
72 Bergenfield 69.67 $96,335
73 Caldwell 70.67 $96,806
74 Old Tappan 70.67 $144,076
75 North Haledon 72.33 $103,056
76 Ridgefield Park 72.67 $86,923
77 Ocean City 73.0 $81,076
78 Kenilworth 74.67 $93,208
79 Pompton Lakes 76.0 $102,371
80 Hasbrouck Heights 76.67 $94,801
81 Oceanport 77.33 $91,250
82 South Plainfield 78.0 $101,565
83 Fort Lee 78.0 $83,767
84 North Arlington 79.67 $84,527
85 Dumont 80.67 $100,219
86 Berlin 81.5 $97,003
87 Maywood 81.67 $94,317
88 East Rutherford 82.67 $80,896
89 Bound Brook 83.0 $70,540
90 New Milford 83.0 $94,344
91 Wanaque 83.0 $95,023
92 Barrington 84.67 $78,773
93 Rahway 87.0 $78,946
94 Raritan 89.0 $79,362
95 Elmwood Park 89.0 $77,334
96 Cliffside Park 90.0 $72,633
97 Middlesex 92.0 $75,460
98 Sayreville 93.33 $81,883
99 Jamesburg 94.0 $85,560
100 Brigantine 94.0 $72,372

How Is The Area In ?

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.

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