Top 10 Richest Towns in New Jersey Ranked

Philips Edward

February 19, 2025

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New Jersey, often referred to as the Garden State, is not just famed for its picturesque landscapes and rich history; it also boasts some of the wealthiest towns in the United States. From affluent suburbs to bustling communities, these towns offer a glimpse into a lifestyle characterized by opulence, exclusivity, and enviable amenities. Below, we delve into the top ten richest towns in New Jersey, each notable for distinct characteristics that place them atop the financial hierarchy.

1. Alpine

With an astounding median household income that far surpasses the national average, Alpine is frequently heralded as the wealthiest town in New Jersey. Nestled in Bergen County, this exclusive enclave is adorned with sprawling estates and offers breathtaking views of the Hudson River. Residents relish in the privacy provided by expansive lots and a tight-knit community atmosphere. The town is renowned for its excellent schools, pristine parks, and low crime rates, making it a haven for affluent families.

2. Short Hills

Short Hills stands as another epitome of affluence in New Jersey. This charming township, also located in Essex County, is known for its luxurious homes and premium shopping venues, including the prestigious Short Hills Mall, which attracts shoppers from near and far. The community is characterized by its well-maintained neighborhoods, top-tier schools, and a vibrant local culture. The overall appeal of Short Hills is heightened by its proximity to New York City, providing easy access for work and leisure pursuits.

3. Hoboken

Hoboken’s transformation from a gritty industrial town to a thriving urban hub has attracted affluent professionals seeking a modern lifestyle. Proximity to Manhattan enhances its allure, as well as the vibrant dining and nightlife scene. The picturesque waterfront offers stunning skyline views, while the town features a mix of historic brownstones and contemporary condominiums. Hoboken embodies an eclectic blend of urban sophistication and community spirit, making it a coveted destination for the affluent demographic.

4. Cranford

Cranford merges suburban charm with an artistic flair that captivates residents and visitors alike. This town in Union County showcases a vibrant local arts scene, complemented by unique boutiques and a strong sense of community. Its picturesque downtown area, with tree-lined streets and a historic train station, contributes to the overall appeal. With exceptional schools and an emphasis on family-friendly events, Cranford combines wealth with a nurturing atmosphere that is both appealing and inviting.

5. Ridgewood

Ridgewood is a quintessential suburban town in Bergen County, steeped in tradition and elegance. It boasts some of the state’s best schools and is well-known for its picturesque parks and recreational facilities. The downtown area is replete with upscale shops, dining establishments, and cultural events, fostering a vibrant community spirit. The charming architecture and welcoming environment make Ridgewood a highly desirable locale for well-to-do families seeking an idyllic lifestyle.

6. Westfield

Westfield is lauded for its strong sense of community, flourishing downtown area, and remarkable schools. Nestled in Union County, it merges historical charm with modern conveniences, providing residents with a rich tapestry of experiences. The town’s commitment to preserving its heritage while embracing progress has fostered a real estate market that appeals to affluent buyers. With an array of parks and cultural events, Westfield exemplifies suburban bliss.

7. Montclair

Known for its cultural diversity and artistic community, Montclair has evolved into a vibrant destination for the wealthy. The town is teeming with theaters, galleries, and music festivals, attracting those who appreciate the arts. The picturesque neighborhoods are replete with architectural diversity, showcasing grand old homes alongside modern constructions. Montclair residents enjoy easy access to public transportation, making commuting to New York City both convenient and appealing.

8. Princeton

Home to the illustrious Princeton University, this town exudes a sense of academic prestige and sophistication. The charming town center features a mix of boutique shops, cafes, and cultural venues, all while enveloped in a scenic backdrop of historic architecture. Princeton’s wealthy population is drawn by the exceptional education, coupled with a community that values intellect and innovation. The commitment to preserving nature, highlighted by numerous parks, enhances its overall appeal.

9. New Providence

New Providence is a hidden gem in Union County, offering an enviable blend of urban and suburban living. The town is marked by its lively downtown, complete with quaint shops and dining options. New Providence’s strong public education system and community-oriented atmosphere make it attractive for families. With its fluctuating real estate values and cozy neighborhoods, the town has become a prime location for those seeking both opportunity and quality of life.

10. Tenafly

Rounding out the list, Tenafly is celebrated for its strong school system and convenient commuting options to New York City. Known for its affluence, this Bergen County town features beautiful homes and expansive properties. Residents enjoy parks, vibrant recreational facilities, and a strong sense of community involvement. The aesthetic appeal of Tenafly, combined with its myriad of amenities, solidifies its place as one of New Jersey’s wealthiest towns.

In conclusion, New Jersey is a mosaic of affluent communities, each offering a unique blend of culture, lifestyle, and amenities. From the high-end estates of Alpine to the artistic vibes of Montclair, these towns showcase an enviable way of life that attracts both individuals and families. Understanding the distinct characteristics and opportunities nestled within these affluent towns adds layers to the rich narrative of New Jersey, making it more than just a state, but a home for the elite.

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