Which Are the Richest Cities in New Jersey in 2024?

New Jersey is noted for its diverse landscapes and proximity to large urban centers, but it also has some of the most prosperous cities in the country. High family incomes, beautiful homes, top-notch schools, and a great quality of life mark these rich communities. From the grand estates of Alpine to the charming historic homes of Glen Ridge, these cities attract accomplished professionals and their families who seek a blend of comfort and convenience. 

Whether you’re interested in quiet suburban streets or vibrant small towns, the richest cities in New Jersey offer something for everyone. Let’s take a closer look at what makes these places some of the most desirable in the state.

A List of Top 10 Richest Cities in New Jersey

• Rumson
• Millburn
• Rockleigh
• Ho-Ho-Kus
• Mantoloking
• Mendham township
• Alpine
• Saddle River
• Essex Fells
• Sea Girt

1. Rumson

Rumson, located in Monmouth County along the Jersey Shore, is one of New Jersey’s wealthiest cities. Known for its beautiful waterfront homes, charming streets, and strong community spirit, Rumson attracts affluent families and professionals. The town has one of the highest median household incomes in New Jersey, with an average of $424,834, reflecting the prosperous careers of its residents in fields like finance, business, and professional services.

One of Rumson’s standout features is its stunning real estate. These residences offer unmatched luxury and seclusion, ranging from sophisticated antique mansions to contemporary waterfront estates. The town’s proximity to the Atlantic Ocean and the Navesink River offers its citizens access to boating, fishing, and other outdoor activities, as well as beautiful scenery.

Education is a key draw for families moving to Rumson, with top-rated public and private schools supporting the community’s commitment to excellence. The town’s well-maintained parks, community events, and sports programs further enhance its family-friendly atmosphere. 

Combining serene suburban living with easy access to the bustling cities of New York and Philadelphia, Rumson offers a perfect blend of natural beauty, upscale living, and convenience, making it a highly sought-after destination for New Jersey’s affluent.

Also Read: Richest Cities in New York

2. Millburn

Millburn, a township in Essex County, New Jersey, is known for its wealth, sophistication, and high quality of life. Often ranked among the state’s wealthiest communities, Millburn is enhanced by its opulent Short Hills neighborhood, contributing to its prestigious reputation. The township boasts an average income of $403,086, reflecting the success of its residents in fields such as law, finance, medicine, and technology.

Millburn’s proximity to New York City makes it an ideal location for professionals who prefer suburban living while enjoying quick access to Manhattan’s business district. This convenient location, combined with a peaceful suburban environment, makes Millburn highly desirable for commuting professionals.

The township is also renowned for its educational excellence. The Millburn Township Public Schools are consistently ranked among the top in New Jersey, attracting families who prioritize academic success. Additionally, several prestigious private schools in the area add to Millburn’s appeal to wealthy families seeking the best education for their children.

Millburn’s real estate is characterized by its elegant homes, ranging from grand historic mansions to modern luxury villas. The Short Hills neighborhood is well-known for its large homes and well well-maintained properties. Millburn also offers a rich cultural experience with attractions like the Paper Mill Playhouse, a renowned regional theater. The downtown area features a variety of fine dining options, boutique shops, and recreational spaces, contributing to the township’s sophisticated yet welcoming atmosphere.

3. Rockleigh

Rockleigh, a small and posh municipality in Bergen County, New Jersey, is renowned for its luxury and exclusivity. Despite its small population, Rockleigh ranks among the wealthiest communities in the state, with an average income of $388,845. This wealth is reflected in the borough’s expansive estates, serene environment, and close-knit community.

The allure of Rockleigh lies in its tranquil, country-like setting, which provides a peaceful retreat while being just a short drive from New York City. Vast homes and historic properties, many situated on large parcels of land, characterize the real estate market in Rockleigh. This dedication to preserving its natural beauty and historical charm offers residents a picturesque environment with ample open space and tree-lined streets.

The community’s desirability is increased by the amenities that Rockleigh residents make use of, which include neighboring country clubs, equestrian centers, and golf courses. Its strategic location allows for easy access to fine dining, shopping, and cultural activities, both in New York City and other nearby towns. With its blend of luxury, privacy, and convenience, Rockleigh stands out as a desirable place to live for those seeking an upscale lifestyle.

4. Ho-Ho-Kus

Ho-Ho-Kus, a charming borough in New Jersey, is surrounded by the Township of Washington, Waldwick, and Ridgewood, with Route 17 dividing it in half. This major highway connects New York City and northeastern New Jersey, making Ho-Ho-Kus an ideal location for those commuting to the city. 

Route 507 and the Garden State Parkway are also easily accessible, enhancing the convenience of travel. The average income in Ho-Ho-Kus is $387,818, reflecting the area’s wealth.

For residents commuting to New York City, the Ho-Ho-Kus station, located just a block from Franklin Turnpike, provides a direct NJ Transit route. The train journey to New York Penn Station or Hoboken, where connections to the PATH or Lower Manhattan ferry service are available, takes about an hour. Additionally, the Short Line Bus service stops throughout the town on its way to the Port Authority in Midtown Manhattan, offering another convenient commuting option.

Ho-Ho-Kus features a mix of Cape Cod and Colonial-style homes, adding to its quaint appeal. The Cheelcroft community, named after architect Harold W. Cheel, includes Tudor-style properties that were developed during and after the Great Depression, further enriching the borough’s architectural diversity.

5. Mantoloking

Mantoloking, one of the wealthiest coastal municipalities in the state of New Jersey, is situated in Ocean County. Known for its pristine beaches, luxurious homes, and tranquil environment, Mantoloking attracts rich families and individuals seeking an upscale coastal lifestyle. The town’s average income is $377,855, highlighting its prosperity and appeal to those looking for exclusivity.

One of the most striking features of Mantoloking is its stunning natural beauty. Positioned on the Barnegat Peninsula, residents enjoy breathtaking views of Barnegat Bay and the Atlantic Ocean. The community places a strong emphasis on environmental preservation, maintaining its beaches and lush landscapes to ensure a clean and picturesque setting for all.

Education is highly valued in Mantoloking, with access to esteemed schools in nearby towns. This small, close-knit community offers a safe and supportive environment, making it an ideal place for families.

Residents of Mantoloking enjoy outdoor activities like fishing, beachcombing, and sailing. The town also fosters a strong sense of community through private clubs and social groups that offer unique amenities and events. This combination of natural beauty, a high-quality lifestyle, and a friendly community makes Mantoloking a highly desirable place to live.

Also explore: Happiest States in the US

6. Mendham Township

Mendham Township, located in Morris County, New Jersey, is one of the wealthiest neighborhoods in the state. It is known for its scenic landscapes, historic charm, and high standard of living. With an average income of $371,996, Mendham Township attracts rich professionals and families seeking a luxurious yet peaceful lifestyle.

Founded on March 29, 1749, Mendham Township was formed from parts of Roxbury, Hanover, and Morris Townships. Following the Revolutionary War, it became one of New Jersey’s original 104 townships on February 21, 1798. Over time, the township was divided to create Randolph Township in 1806 and Mendham Borough in 1906.

The township’s early growth was driven by its rich natural resources, including forests, water, and minerals. The Ralston area, located along the North Branch of the Raritan River, was home to gristmills, sawmills, and iron forges by 1748. Additionally, the community of Brookside, originally known as Water Street or Waterville, developed along the upper stretches of the Whippany River.

Today, Mendham Township is renowned for its unique blend of natural beauty, luxury living, and excellent educational opportunities, making it one of New Jersey’s most desirable places to live. Residents benefit from a high quality of life, with elegant homes and a strong commitment to preserving the area’s rural character.

7. Alpine

Alpine, located in Bergen County, New Jersey, is one of the wealthiest and most exclusive neighborhoods in the United States. Known for its sprawling estates, lush landscapes, and celebrity residents, Alpine epitomizes luxury living. The average household income in Alpine is $352,198, making it one of the highest-income areas in the country.

Alpine’s residents are wealthy due to successful careers in finance, entertainment, law, and other high-paying industries. The real estate market in Alpine is characterized by large, gated homes that offer unparalleled privacy and luxury. Many properties feature amenities such as tennis courts, swimming pools, and expansive gardens, catering to those seeking an upscale lifestyle.

Alpine’s proximity to New York City further enhances its appeal. Residents can enjoy a tranquil suburban environment while being just a short commute from the vibrant city, making it an ideal location for individuals who need to travel to the city for work or leisure.

Even though Alpine is an exclusive enclave, its inhabitants actively participate in neighborhood events and activities, fostering a strong feeling of community. The municipality promotes a tight-knit community feel by providing a range of social and recreational options, such as parks, country clubs, and recreational facilities.

8. Saddle River

Saddle River, located in Bergen County, New Jersey, is a suburb of New York City, just over 25 miles northwest of Manhattan. Known for its upscale lifestyle, Saddle River has an average household income of $350,550, making it one of the richest towns in the state.

The town is renowned for its breathtaking landscapes, featuring natural fields, woodlands, rivers, and horse farms. A notable characteristic of Saddle River is its minimum zoning restriction of two acres for homes, which helps preserve its open, rural feel. The real estate in Saddle River is a blend of historic estates and newer mansions, offering a range of luxury properties within a tranquil setting.

Despite its proximity to New York City, Saddle River provides a peaceful, country-like atmosphere, making it a popular choice for those seeking a blend of suburban and rural living. The town is dedicated to preserving its rustic charm, with several parks and green spaces for residents to enjoy. Saddle River County Park is a local favorite for outdoor activities like walking, jogging, and picnicking.

With its luxurious homes, scenic environment, excellent schools, and serene lifestyle, Saddle River is one of New Jersey’s most desirable and prosperous communities, offering residents an exceptional quality of life.

9. Essex Fells

Essex Fells, located in Essex County, New Jersey, is a distinguished and prosperous borough known for its exclusivity, elegance, and serene environment. With an average household income of $343,062, Essex Fells stands out as one of New Jersey’s wealthiest communities.

Originally part of the vast Horseneck Tract, which encompassed several neighboring towns, Essex Fells has evolved into a highly desirable area known for its upscale lifestyle. The borough is home to many prominent professionals, including individuals in banking, business, and other high-earning sectors, contributing to its high median family income.

Essex Fells real estate features expansive estates and luxurious homes, often characterized by impressive architectural styles and meticulously maintained grounds. The town’s lush greenery and tranquil setting enhance its appeal, providing residents with a pleasing and peaceful living environment.

Essex Fells’s intimate community vibe contributes to its allure and exclusivity. The combination of elegant residences, beautiful natural surroundings, and a strong sense of community makes Essex Fells a prime location for those seeking a refined and high-quality lifestyle.

10. Sea Girt

Sea Girt, a charming and prosperous seaside village in Monmouth County, New Jersey, is renowned for its pristine beaches, luxurious homes, and close-knit community. With an average income of $342,876, it stands as one of the wealthiest neighborhoods in the state.

The town’s natural beauty significantly enhances its appeal. Sea Girt boasts a historic lighthouse, a wide, sandy beach, and a scenic promenade. Residents enjoy a relaxed coastal lifestyle with popular outdoor activities like swimming, fishing, and beachcombing, which contribute to the town’s laid-back atmosphere.

Education is highly valued in Sea Girt, with families benefiting from excellent public schools and access to prestigious private institutions nearby. The town fosters a strong sense of community through various volunteer organizations, social clubs, and local events, reinforcing its cohesive and welcoming environment.

Overall, Sea Girt combines upscale living with a tranquil beachside setting, offering residents an exceptional quality of life in a scenic and community-oriented environment.

Must Read: Poorest States in America 

Table Showcasing the Population, Average, and Median Income of the Richest Cities in New Jersey

Rank	City	Population	Average Income	Median Income
1	Rumson	7,178	$424,834	$250,001
2	Millburn	21,859	$403,086	$250,001
3	Rockleigh	405	$388,845	$206,250
4	Ho-Ho-Kus	4,232	$387,818	$250,001
5	Mantoloking	332	$377,855	$240,417
6	Mendham Township	5,989	$371,996	$240,962
7	Alpine	1,750	$352,198	$228,194
8	Saddle River	3,368	$350,550	$228,750
9	Essex Fells	2,138	$343,062	$247,000
10	Sea Girt	1,841	$342,876	$218,438

Summing Up

In conclusion, the richest cities in New Jersey offer a unique blend of luxury, natural beauty, and top-notch living standards. Whether it’s the grand homes of Alpine, the scenic charm of Short Hills, or the seaside elegance of Sea Girt, each area offers a unique blend of luxury and comfort. 

These communities attract successful professionals and families with their impressive real estate, high incomes, and excellent schools. Their proximity to New York City adds to their appeal. Overall, these neighborhoods showcase the diverse and refined lifestyle options available in the Garden State.

FAQs

Who Holds the Title of the Richest Family in New Jersey?

Among the notable wealthy families in New Jersey, Glenn Gordon and his family from Channel Island top the list. They own William Grant & Sons, a renowned spirits company, and have seen their fortune grow significantly. This year, their wealth increased by £1 billion, bringing their total net worth to nearly £5.6 billion.

Is New Jersey Full of Rich People?

New Jersey is known for its rich population, with a high threshold for the top 20% of earners. To be in this upper tier, an individual must earn at least $180,558 per year. This figure highlights the state’s high cost of living and the concentration of wealth, especially in areas close to New York City.

Which City Has the Most Billionaires in the USA?

New York City holds the top spot for the most billionaires in the U.S., with approximately 60 billionaires residing there. The city is also home to nearly 350,000 millionaires, reflecting a 48% increase in its millionaire population over the past decade.

How Many Billionaires Are in New Jersey?

New Jersey is home to 5 billionaires, reflecting its status as one of the wealthiest states in the US.

What Is the Largest Company in New Jersey?

Johnson & Johnson is the largest publicly listed company in New Jersey. In 2024, this leading developer of consumer products, pharmaceuticals, and medical equipment reported revenues of $82.58 billion.