Top 20 Richest Towns In New Jersey

New Jersey, often referred to as the Garden State, boasts a plethora of affluent towns that reflect its prosperous economy and high standard of living. In this article, we will explore the top 20 richest towns in NJ, highlighting their unique features, demographics, and what makes them desirable places to live. Whether you're looking for luxury real estate, excellent schools, or vibrant community life, these towns have it all.

As we delve into the wealth of New Jersey, it's essential to understand that the state's economy is diverse, with significant contributions from finance, pharmaceuticals, and technology. The towns we will discuss are not only wealthy but also provide residents with a high quality of life, making them some of the most sought-after places to reside in the state.

In this comprehensive guide, we will provide detailed insights into each town's demographics, average income, and lifestyle, supported by reliable data and statistics. So, let's get started and discover the top 20 richest towns in New Jersey!

1. Short Hills
2. Summit
3. Livingston
4. Alpine
5. Princeton
6. Glen Ridge
7. Westfield
8. Millburn
9. Ridgewood
10. Tenafly
11. Franklin Lakes
12. Chatham
13. Montclair
14. North Caldwell
15. Cedar Grove
16. East Hanover
17. Mendham
18. South Orange
19. Holmdel
20. Marlboro

1. Short Hills

Short Hills, a suburban community in Millburn Township, is renowned for its affluent residents and luxurious homes. The average household income in Short Hills exceeds $250,000, making it one of the wealthiest areas in New Jersey. The town features excellent schools and is located just a short train ride from New York City, appealing to professionals looking for a suburban lifestyle.

Demographics and Lifestyle

Short Hills is characterized by its beautiful tree-lined streets and historic architecture. The community is known for:

High-end shopping at Short Hills Mall
Recreational activities at local parks
Access to top-rated private and public schools

2. Summit

Summit is another affluent town that offers a blend of suburban charm and urban convenience. The average income in Summit is around $200,000, with a high percentage of residents holding advanced degrees. The town is known for its vibrant downtown area, complete with upscale restaurants and shops.

Community Features

Summit boasts a strong sense of community, with various events held throughout the year, such as:

Summit Farmers Market
Annual Fourth of July Celebration
Holiday Tree Lighting Ceremony

3. Livingston

Livingston is a desirable community in Essex County, known for its well-maintained neighborhoods and excellent public schools. The average household income is approximately $160,000, making it one of the richest towns in NJ. The town features a mix of residential areas, parks, and retail spaces.

Education and Recreation

Livingston is home to several highly-rated schools and offers a variety of recreational opportunities, including:

Livingston Town Center
Multiple parks and sports facilities
Community events throughout the year

4. Alpine

Alpine is often regarded as one of the wealthiest municipalities in the United States, with an average household income surpassing $200,000. Situated along the Hudson River, Alpine features sprawling estates and a serene environment, attracting high-profile residents.

Luxurious Living

Alpine is known for:

Large, luxurious homes on expansive lots
Exclusive country clubs and golf courses
Privacy and security with a low population density

5. Princeton

Princeton, home to the prestigious Princeton University, offers a unique blend of academic excellence and affluent living. The average household income in Princeton is around $150,000, with many residents employed in academia, research, and the tech industry.

Culture and Community

Princeton is rich in culture and history, with attractions such as:

Princeton University Art Museum
McCarter Theatre Center
Annual Princeton Festival

6. Glen Ridge

Glen Ridge is a charming borough known for its beautiful Victorian homes and tight-knit community. The average household income is about $175,000, making it one of the wealthiest towns in New Jersey. The town's proximity to New York City makes it a popular choice for commuters.

Community Engagement

The community in Glen Ridge is active and engaged, with various local organizations and events, including:

Glen Ridge Historical Society
Annual Art and Craft Fair
Summer Concert Series in the park

7. Westfield

Westfield is a picturesque town known for its historic downtown area and strong sense of community. The average household income in Westfield is around $150,000. The town provides excellent schools and a variety of recreational opportunities for families.

Family-Friendly Environment

Westfield offers numerous family-friendly amenities, including:

Westfield Memorial Library
Multiple parks and playgrounds
Community events such as street fairs and parades

8. Millburn

Millburn is known for its affluent residents and excellent school system, with an average household income exceeding $175,000. The town features a vibrant downtown area with a variety of shops, restaurants, and cultural attractions.

Educational Opportunities

Millburn is recognized for its top-rated schools, including:

Millburn High School
Millburn Middle School
Various private schools in the area

9. Ridgewood

Ridgewood is an affluent village known for its historic homes and vibrant downtown. The average household income in Ridgewood is around $160,000. The town offers a variety of recreational activities and cultural attractions.

Cultural Attractions

Ridgewood features several cultural points of interest, including:

Ridgewood Historical Society
Various art galleries and theaters
Community events throughout the year

10. Tenafly

Tenafly is a diverse community with a strong emphasis on education and family values. The average household income is approximately $175,000, making it one of the wealthiest towns in NJ. The town is known for its excellent schools and recreational facilities.

Community and Education

Tenafly offers a variety of educational institutions, including:

Tenafly High School
Tenafly Middle School
Several private schools

11. Franklin Lakes

Franklin Lakes is a suburban community known for its picturesque surroundings and affluent residents. The average household income in Franklin Lakes is around $180,000. The town