Living in Cranbury, New Jersey
Cost of living, income, home prices, rent and demographics of Cranbury · Census data 2020–2024
Cranbury has 4,012 residents with a median age of 49. The median household income is $216,691 (109% higher than the New Jersey median), the median home value is $889,400, the median rent is $1,603/month.
Cranbury at a glance
- Population
- 4,012
- Median age
- 49State: 40.1
- Median household income
- $216,691State: $103,556
- Median home value
- $889,400State: $454,400
- Median rent
- $1,603/moState: $1,720
- Homeowners
- 85.5%
- Bachelor's degree or higher
- 73.4%
- Average commute
- 33 min
Is Cranbury a good place to live?
Pros: Median household income 109% higher than the New Jersey median; unemployment of 4.1%; a poverty rate of 3.6%.
Cons: Home values 96% higher than the state median; an average commute of 33 minutes.
The weather is best in May–June and August–September.
Cost of living in Cranbury
Housing is the biggest part of the cost of living. In Cranbury the median home value is $889,400, 167% higher than the U.S. median. Renters pay a median of $1,603 per month, which is 31.6% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Cranbury median household income
The median household income in Cranbury is $216,691 and the income per person is $97,565. 3.6% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Cranbury: homes for sale and rent
- Housing units
- 1,327
- Owner-occupied
- 85.5%
- Renter-occupied
- 14.5%
- Vacant
- 1.1%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.98
Cranbury demographics
- Population
- 4,012
- Median age
- 49
- Under 18
- 22.6%
- 65 and older
- 18.3%
- Households
- 1,313
- Foreign-born
- 23.5%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Cranbury ›
Education in Cranbury
73.4% of adults 25 and older in Cranbury have a bachelor's degree or higher (New Jersey: 43.6%), and 40% have a graduate or professional degree.
Jobs and commute in Cranbury
- Unemployment rate
- 4.1%State: 6.3%
- Average commute
- 33 minState: 31 min
- Work from home
- 35.8%
- Drive alone
- 48.9%
- Public transit
- 3.9%
- Walk to work
- 2.5%
- Homes with broadband
- 96.9%
Cranbury vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cranbury | 4,012 | $216,691 | $889,400 | $1,603 |
| Princeton Meadows | 15,561 | $131,213 | $665,700 | $2,010 |
| Encore at Monroe | 872 | $76,511 | $491,900 | — |
| Clearbrook | 2,375 | $37,411 | $282,000 | $1,739 |
| Stonebridge | 1,966 | $127,578 | $646,800 | — |
| Rossmoor | 3,350 | $64,074 | $194,300 | $1,661 |
| Hightstown | 5,920 | $108,987 | $342,600 | $1,606 |
| The Ponds | 1,097 | $73,249 | $373,800 | $1,791 |
| Plainsboro | 24,167 | $131,638 | $683,100 | $2,037 |
More for people moving to Cranbury
Cranbury ZIP code ›Weather and climate ›Living in Cranbury: FAQ
What is the median household income in Cranbury, NJ?
The median household income in Cranbury is $216,691, 109% 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 Cranbury?
The median home value in Cranbury is $889,400, compared with $454,400 in New Jersey.
How much is rent in Cranbury?
The median gross rent in Cranbury is $1,603 per month, about 31.6% of household income.
Is Cranbury, NJ a good place to live?
Pluses: median household income 109% higher than the New Jersey median; unemployment of 4.1%; a poverty rate of 3.6%. Minuses: home values 96% higher than the state median; an average commute of 33 minutes.
What is the median age in Cranbury?
The median age in Cranbury is 49 years (New Jersey: 40.1).
How long is the commute in Cranbury?
The average commute to work in Cranbury is 33 minutes; 35.8% of workers work from home.
What is the unemployment rate in Cranbury?
The unemployment rate in Cranbury is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cranbury?
73.4% of adults in Cranbury 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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