New Jersey is one of the most densely populated states in the United States. Even though it’s the fifth-smallest state in land area, it resides close to 9.3 million people, making it one of the highest populated areas. It borders both New York to the north and easy, with the Atlantic Ocean at its south side. Due to New Jersey being sought after by many people, you might be wondering what are the richest towns in NJ, and what makes them so interesting. Here are the top 12 towns and a few facts of why they’re part of the richest towns.
12. Mountain Lakes
On the twelfth spot of the richest towns in NJ, Mountain Lakes has a population of 4,470. It was named after the pair of lakes that distinguished the town as the first-round residential lake community. The town is also home to historic Grimes Homestead; an 18th-century home that was part of the Underground Railroad.
Median Household Income: 175,556
11. Montgomery Township
The next richest town is Montgomery. The township is in southern Somerset County in New Jersey and homes a large 23,600. For years the township has been known to have one of the state’s highest-income communities. The town was part of historical marches by both British and patriot forces during the Revolution.
Median Household Income: $180,660
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10. Rockleigh
Bordering Alpine, a rich town that will be mentioned soon, Rockleigh has a similar residential character with large single-family houses on large plots of land. With it sitting just 25 miles from Manhattan, the town is home to high-end companies such as Volvo Car, the Swedish manufacturer, and Crestron Electronics, the manufacturer of home automation.
Median Household Income: $201,500
9. Englewood Cliffs
Englewood Cliffs is one of the richest towns in New Jersey. The borough in Bergen County homes 5,340 as well as the headquarters for both Ferrari and Maserati in North America. CNBC and Unilever were also headquartered at Englewood Cliffs, really proving that the town has a rich history with rich residents.
Median Household Income: $207,400
8. Little Silver
Home of 6,131 residents, Little Silver has a history of agricultural and fishing areas. Over the years, the farms and nurseries have been replaced with housing, with several people making the town their home since traveling for work. The borough in Monmouth County is one of the richest towns in NJ, especially with its location on the Shrewsbury River which is popular for boaters and water sports enthusiasts.
Median Household Income:$212,069
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7. Alpine
One of the richest towns in NJ is Alpine, a borough in Bergen County that is around 15 miles north of Midtown Manhattan. With a population of 1,762, this town has several points of interest such as the Devil’s Tower, a stone water tower that is claimed to be haunted. It’s also home to scenic riverfront areas and picnic spots, with the Alpine Boat Basin serving as both a public picnic area and a small marina.
Median Household Income:$212,805
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6. Chatham
“The Chathams” is used for two neighboring municipalities in Morris County, NJ — Chatham Borough and Chatham Township. While separate, they act like on cohesive community. But Chatham town is one of the richest towns in NJ by itself, making it the sixth contender on the list. With a population of 9,212, Chatham is a historical town with residents that actively participated in the American Revolutionary War with several interesting landmarks to tell its history, like the William Day House.
Median Household Income:$226,217
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5. Upper Saddle River
Upper Saddle River is an 8,352 populated borough in Bergen County and is one of the richest towns in NJ. The town is known for estates set on lush two-acre lots that have a rural feel while being centrally located. And with constant renewal and construction, the town is fresh and neat, the perfect place to go for families.
Median Household Income: $234,476
4. Ho-Ho-Kus
Ho-Ho-Kus is a borough in Bergen County and houses 4,258 residents. Home to several historical landmarks, including the Ho-Ho-Kus Inn and the Hermitage. The name originates from the Delaware Indian term meaning “the red cedar”, and homes primarily upper-class and upper-middle-class families.
Median Household Income: $240,781
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3. Short Hills
One of the richest towns in NJ is Short Hills. Situated in Millburn Township in Essex County, Short Hills resides 14,422 people. The town is popular thanks to the Mall at Short Hills located near affluent communities in neighboring Morris and Union counties along the Passaic River. It’s so well-known that people drive from upstate New York just to shop and dine.
Median Household Income:$250,000
2. Rumson
Rumson takes second place in the list of richest towns in NJ. The borough is in Monmouth County and is part of the New York Metropolitan Area. The large town is filled with 7,343 residents and is known for its historical homes. For instance, there are many sprawling 19th-century estates located alongside the shores of the Navesink and Shrewsbury rivers. The oldest home was the Tredwell House, with the oldest part of the home being from 1670, and is named after a family that had been there for almost 100 years.
Median Household Income:$258,541
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1. Essex Fells
The number one spot for richest towns in NJ goes to Essex Fells, a borough in Essex County. With a population of 2,244, the town has been ranked the best town for families in 2016 by the New Jersey Family magazine. The charming town has a rural feel that makes it a highly-rated area to live in New Jersey, not only the richest town.
Median Household Income: $270,229
