Pennington borough, New Jersey
CityPopulation: 2,798 (2023 estimate)
Located in New Jersey , New Jersey
Census Bureau data for Pennington borough from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Pennington borough
- What is the median household income in Pennington borough?
- The median household income in Pennington borough is $171,282 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Pennington borough?
- The poverty rate in Pennington borough is 2.6% (U.S. Census Bureau ACS 2023).
- What is the median home value in Pennington borough?
- $608,200 (U.S. Census Bureau ACS 2023).
- What is the average rent in Pennington borough?
- The median gross rent in Pennington borough is $1,819 per month (U.S. Census Bureau ACS 2023).
- What percentage of Pennington borough residents have a college degree?
- 73.6% of adults in Pennington borough hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
2,798
Median Income
$171,282
Median Home Value
$608,200
Poverty Rate
2.6%
Unemployment (ACS 2023)
2.5%
Median Age
49.0 yrs
Since 2019
Median Income:
+$38,782 (+29.3%)
Home Value:
+$44,200 (+7.8%)
Poverty Rate:
+2.0 pp (+333.3%)
Bachelor's+:
-1.8 pp (-2.4%)
Unemployment:
+0.4 pp (+19%)
Demographics
Total Population
2,798
Median Age
49.0
Female
50.1%
Race & Ethnicity
Hispanic or Latino 5.8%
White (non-Hisp.) 83.0%
Black 2.1%
Asian 7.6%
Two or More 3.8%
Other 1.0%
Asian Subgroups (% of total pop.)
Chinese
3.0%
Indian
2.2%
Korean
0.7%
Filipino
0.6%
Japanese
0.2%
Hispanic Subgroups (% of total pop.)
Puerto Rican
1.9%
Mexican
1.7%
Cuban
0.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$171,282
±$14,396
+$70,232 vs. state
Per Capita Income
$203,214
Median Family Income
$212,273
Poverty Rate
2.6%
-4.4 pp vs. state
Child Poverty Rate
6.6%
Working-Age Poverty Rate
—
SNAP Recipients
2.1%
Social Security Income
—
Retirement Income
33.3%
Household Income Distribution
< $10k
2.4%
$15–25k
5.2%
$25–35k
0.5%
$35–50k
2.7%
$50–75k
7.4%
$75–100k
12.8%
$100–150k
14.6%
$150–200k
13.4%
$200k+
41.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
1,268
Owner-Occupied
79.5%
Renter-Occupied
20.5%
Vacancy Rate
7.9%
Median Home Value
$608,200
+$180,600 vs. state
Median Gross Rent
$1,819
Owner Cost Burden (30%+)
19.0%
Renter Cost Burden (30%+)
30.5%
Home Value Distribution
$50–100k
2.6%
$100–200k
1.7%
$200–300k
6.5%
$300–500k
28.0%
$500k–$1M
56.3%
$1M+
4.1%
Gross Rent Distribution
$500–1k
10.9%
$1–1.5k
5.2%
$1.5–2k
53.1%
$2–2.5k
21.8%
$2.5–3.5k
1.9%
$3.5k+
7.1%
Vehicle Availability
No vehicle
6.8%
1 vehicle
28.6%
2 vehicles
46.3%
3+
18.2%
Housing Type
Single-fam. det.
67.4%
Single-fam. att.
12.3%
2–4 units
2.1%
5–19 units
0.4%
20+ units
8.5%
Housing Age
Pre-1940
33.4%
1940–1969
9.0%
1970–1999
6.8%
2000–2009
3.9%
2010+
3.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
98.3%
Bachelor's or Higher
73.6%
+30.7 pp vs. state
Graduate Degree
39.5%
Some College / Associate
5.6%
Less Than High School
0.0%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
68.4%
Unemployment Rate
2.5%
-3.7 pp vs. state
Work from Home
23.2%
Self-Employed
6.6%
Government Workers
15.7%
Private For-Profit
77.7%
Industry
Edu/Health
34.6%
Prof. Services
23.3%
Arts/Entmt.
7.1%
Manufacturing
6.6%
Public Admin
5.7%
Finance
4.8%
Retail
4.3%
Transportation
3.3%
Construction
2.7%
Information
2.5%
Wholesale
1.4%
Agriculture
1.0%
Occupation
Management
67.2%
Food Prep
12.3%
Sales
11.8%
Construction
6.1%
Production
2.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
26.0 min
Drove Alone
64.4%
Carpool
3.9%
Public Transit
2.8%
Work from Home
23.2%
Walked
4.0%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
1,168
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
57.2%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
20.9%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
5.1%
5–9
4.6%
10–14
6.2%
15–19
5.7%
20–24
3.9%
25–34
8.0%
35–44
11.2%
45–54
13.9%
55–64
5.3%
65–74
11.7%
75–84
15.1%
85+
5.7%
Under 18: 21.4%
Working age (18–64): 78.6%
65 and over: 24.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
9.7%
Naturalized Citizen
63.6%
Speaks English Less Than Very Well
2.1%
Foreign-Born Origin
Europe
44.9%
Asia
35.3%
Latin America
14.3%
Veterans & Disability
Veteran
3.2%
With a Disability
8.2%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
97.7%
Uninsured
2.3%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
95.1%
Has a Computer
94.3%
Same House 1 Year Ago
90.5%
Moved from Abroad
0.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023