Living in Basking Ridge, New Jersey
Cost of living, income, home prices, rent and demographics of Basking Ridge · Census data 2020–2024
Basking Ridge has 7,917 residents with a median age of 46.7. The median household income is $188,295 (82% higher than the New Jersey median), the median home value is $851,200, the median rent is $546/month.
Basking Ridge at a glance
- Population
- 7,917
- Median age
- 46.7State: 40.1
- Median household income
- $188,295State: $103,556
- Median home value
- $851,200State: $454,400
- Median rent
- $546/moState: $1,720
- Homeowners
- 83.9%
- Bachelor's degree or higher
- 74.3%
- Average commute
- 29 min
Is Basking Ridge a good place to live?
Pros: Median household income 82% higher than the New Jersey median; an average commute of 29 minutes; a poverty rate of 3.3%.
Cons: Home values 87% higher than the state median; unemployment of 7.5%.
The weather is best in May–June and August–September.
Cost of living in Basking Ridge
Housing is the biggest part of the cost of living. In Basking Ridge the median home value is $851,200, 156% higher than the U.S. median. Renters pay a median of $546 per month, which is 29.5% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Basking Ridge median household income
The median household income in Basking Ridge is $188,295 and the income per person is $108,947. 3.3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Basking Ridge: homes for sale and rent
- Housing units
- 3,042
- Owner-occupied
- 83.9%
- Renter-occupied
- 16.1%
- Vacant
- 1.8%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.64
Basking Ridge demographics
- Population
- 7,917
- Median age
- 46.7
- Under 18
- 23.2%
- 65 and older
- 19.1%
- Households
- 2,987
- Foreign-born
- 15.8%
- Veterans
- 6.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Basking Ridge ›
Education in Basking Ridge
74.3% of adults 25 and older in Basking Ridge have a bachelor's degree or higher (New Jersey: 43.6%), and 37.2% have a graduate or professional degree.
Jobs and commute in Basking Ridge
- Unemployment rate
- 7.5%State: 6.3%
- Average commute
- 29 minState: 31 min
- Work from home
- 23.6%
- Drive alone
- 66.5%
- Public transit
- 5.6%
- Walk to work
- 0.5%
- Homes with broadband
- 94.2%
Basking Ridge vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Basking Ridge | 7,917 | $188,295 | $851,200 | $546 |
| Lyons | 5,187 | $250,001 | $1,037,400 | — |
| Bernards | 28,114 | $194,107 | $814,800 | $2,476 |
| Bernardsville | 7,916 | $236,115 | $793,800 | $2,297 |
| Millington | 3,220 | $194,306 | $796,600 | $2,286 |
| Liberty Corner | 2,325 | $241,480 | $1,187,500 | $3,501 |
| Far Hills | 948 | $143,250 | $792,100 | $1,554 |
| Long Hill | 8,652 | $169,079 | $697,100 | $2,329 |
| Harding | 3,896 | $222,429 | $1,145,100 | $2,917 |
More for people moving to Basking Ridge
Basking Ridge ZIP code ›Weather and climate ›Living in Basking Ridge: FAQ
What is the median household income in Basking Ridge, NJ?
The median household income in Basking Ridge is $188,295, 82% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Basking Ridge?
The median home value in Basking Ridge is $851,200, compared with $454,400 in New Jersey.
How much is rent in Basking Ridge?
The median gross rent in Basking Ridge is $546 per month, about 29.5% of household income.
Is Basking Ridge, NJ a good place to live?
Pluses: median household income 82% higher than the New Jersey median; an average commute of 29 minutes; a poverty rate of 3.3%. Minuses: home values 87% higher than the state median; unemployment of 7.5%.
What is the median age in Basking Ridge?
The median age in Basking Ridge is 46.7 years (New Jersey: 40.1).
How long is the commute in Basking Ridge?
The average commute to work in Basking Ridge is 29 minutes; 23.6% of workers work from home.
What is the unemployment rate in Basking Ridge?
The unemployment rate in Basking Ridge is 7.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Basking Ridge?
74.3% of adults in Basking Ridge have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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