Living in Bridgewater, New Jersey
Cost of living, income, home prices, rent and demographics of Bridgewater · Census data 2020–2024
Bridgewater has 46,268 residents with a median age of 41.9. The median household income is $172,851 (67% higher than the New Jersey median), the median home value is $605,500, the median rent is $2,176/month.
Bridgewater at a glance
- Population
- 46,268
- Median age
- 41.9State: 40.1
- Median household income
- $172,851State: $103,556
- Median home value
- $605,500State: $454,400
- Median rent
- $2,176/moState: $1,720
- Homeowners
- 84.9%
- Bachelor's degree or higher
- 61.8%
- Average commute
- 31 min
Is Bridgewater a good place to live?
Pros: Median household income 67% higher than the New Jersey median; unemployment of 3.7%; a poverty rate of 4.1%.
Cons: Home values 33% higher than the state median; an average commute of 31 minutes.
The weather is best in May–June and August–September.
Cost of living in Bridgewater
Housing is the biggest part of the cost of living. In Bridgewater the median home value is $605,500, 82% higher than the U.S. median. Renters pay a median of $2,176 per month, which is 29.6% of household income. Homeowners with a mortgage pay $3,258 a month in housing costs.
Bridgewater median household income
The median household income in Bridgewater is $172,851 and the income per person is $71,313. 4.1% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Bridgewater: homes for sale and rent
- Housing units
- 16,975
- Owner-occupied
- 84.9%
- Renter-occupied
- 15.1%
- Vacant
- 2.8%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.75
Bridgewater demographics
- Population
- 46,268
- Median age
- 41.9
- Under 18
- 22.7%
- 65 and older
- 18.2%
- Households
- 16,505
- Foreign-born
- 24.7%
- Veterans
- 2.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Bridgewater ›
Education in Bridgewater
61.8% of adults 25 and older in Bridgewater have a bachelor's degree or higher (New Jersey: 43.6%), and 28.1% have a graduate or professional degree.
Jobs and commute in Bridgewater
- Unemployment rate
- 3.7%State: 6.3%
- Average commute
- 31 minState: 31 min
- Work from home
- 26.4%
- Drive alone
- 63.8%
- Public transit
- 3.5%
- Walk to work
- 0.2%
- Homes with broadband
- 95.1%
Bridgewater vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bridgewater | 46,268 | $172,851 | $605,500 | $2,176 |
| Green Knoll | 6,789 | $165,227 | $597,100 | $1,448 |
| Somerville | 13,410 | $103,760 | $435,700 | $1,802 |
| Martinsville | 11,559 | $205,000 | $720,400 | $2,171 |
| Bridgewater Center | 6,505 | $205,595 | $703,700 | $2,662 |
| Finderne | 6,489 | $118,064 | $413,400 | $2,114 |
| Raritan | 8,368 | $107,672 | $456,900 | $2,112 |
| Bradley Gardens | 14,165 | $177,849 | $546,300 | $2,670 |
| Manville | 10,921 | $93,333 | $354,300 | $1,844 |
More for people moving to Bridgewater
Bridgewater ZIP code ›Weather and climate ›Living in Bridgewater: FAQ
What is the median household income in Bridgewater, NJ?
The median household income in Bridgewater is $172,851, 67% 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 Bridgewater?
The median home value in Bridgewater is $605,500, compared with $454,400 in New Jersey.
How much is rent in Bridgewater?
The median gross rent in Bridgewater is $2,176 per month, about 29.6% of household income.
Is Bridgewater, NJ a good place to live?
Pluses: median household income 67% higher than the New Jersey median; unemployment of 3.7%; a poverty rate of 4.1%. Minuses: home values 33% higher than the state median; an average commute of 31 minutes.
What is the median age in Bridgewater?
The median age in Bridgewater is 41.9 years (New Jersey: 40.1).
How long is the commute in Bridgewater?
The average commute to work in Bridgewater is 31 minutes; 26.4% of workers work from home.
What is the unemployment rate in Bridgewater?
The unemployment rate in Bridgewater is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bridgewater?
61.8% of adults in Bridgewater 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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