Living in Cedar Knolls, New Jersey
Cost of living, income, home prices, rent and demographics of Cedar Knolls · Census data 2020–2024
Cedar Knolls has 4,882 residents with a median age of 42. The median household income is $170,400 (65% higher than the New Jersey median), the median home value is $646,700, the median rent is $2,849/month.
Cedar Knolls at a glance
- Population
- 4,882
- Median age
- 42State: 40.1
- Median household income
- $170,400State: $103,556
- Median home value
- $646,700State: $454,400
- Median rent
- $2,849/moState: $1,720
- Homeowners
- 58.9%
- Bachelor's degree or higher
- 54.9%
- Average commute
- 21 min
Is Cedar Knolls a good place to live?
Pros: Median household income 65% higher than the New Jersey median; an average commute of 21 minutes; unemployment of 0.8%; a poverty rate of 2.2%.
Cons: Home values 42% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Cedar Knolls
Housing is the biggest part of the cost of living. In Cedar Knolls the median home value is $646,700, 94% higher than the U.S. median. Renters pay a median of $2,849 per month, which is 23.9% of household income. Homeowners with a mortgage pay $2,915 a month in housing costs.
Cedar Knolls median household income
The median household income in Cedar Knolls is $170,400 and the income per person is $69,692. 2.2% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Cedar Knolls: homes for sale and rent
- Housing units
- 1,817
- Owner-occupied
- 58.9%
- Renter-occupied
- 41.1%
- Vacant
- 1.3%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.69
Cedar Knolls demographics
- Population
- 4,882
- Median age
- 42
- Under 18
- 19.5%
- 65 and older
- 22.3%
- Households
- 1,794
- Foreign-born
- 25.4%
- Veterans
- 2.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Cedar Knolls ›
Education in Cedar Knolls
54.9% of adults 25 and older in Cedar Knolls have a bachelor's degree or higher (New Jersey: 43.6%), and 24.5% have a graduate or professional degree.
Jobs and commute in Cedar Knolls
- Unemployment rate
- 0.8%State: 6.3%
- Average commute
- 21 minState: 31 min
- Work from home
- 28.2%
- Drive alone
- 54.7%
- Public transit
- 1.2%
- Walk to work
- 0.1%
- Homes with broadband
- 96.9%
Cedar Knolls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cedar Knolls | 4,882 | $170,400 | $646,700 | $2,849 |
| Hanover | 14,769 | $156,956 | $629,600 | $2,813 |
| Morris Plains | 6,315 | $154,923 | $643,300 | $2,835 |
| Morristown | 20,453 | $121,340 | $567,600 | $2,274 |
| Whippany | 8,970 | $151,420 | $615,400 | $2,556 |
| Morris | 23,424 | $204,951 | $765,100 | $2,437 |
| Parsippany-Troy Hills | 56,397 | $112,327 | $536,200 | $1,736 |
| Troy Hills | 5,179 | $183,707 | $650,500 | $3,108 |
| Mount Tabor | 1,184 | $115,199 | $454,800 | — |
More for people moving to Cedar Knolls
Cedar Knolls ZIP code ›Weather and climate ›Living in Cedar Knolls: FAQ
What is the median household income in Cedar Knolls, NJ?
The median household income in Cedar Knolls is $170,400, 65% 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 Cedar Knolls?
The median home value in Cedar Knolls is $646,700, compared with $454,400 in New Jersey.
How much is rent in Cedar Knolls?
The median gross rent in Cedar Knolls is $2,849 per month, about 23.9% of household income.
Is Cedar Knolls, NJ a good place to live?
Pluses: median household income 65% higher than the New Jersey median; an average commute of 21 minutes; unemployment of 0.8%; a poverty rate of 2.2%. Minuses: home values 42% higher than the state median.
What is the median age in Cedar Knolls?
The median age in Cedar Knolls is 42 years (New Jersey: 40.1).
How long is the commute in Cedar Knolls?
The average commute to work in Cedar Knolls is 21 minutes; 28.2% of workers work from home.
What is the unemployment rate in Cedar Knolls?
The unemployment rate in Cedar Knolls is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cedar Knolls?
54.9% of adults in Cedar Knolls 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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