Living in New Providence, New Jersey
Cost of living, income, home prices, rent and demographics of New Providence · Census data 2020–2024
New Providence has 13,727 residents with a median age of 45.7. The median household income is $161,599 (56% higher than the New Jersey median), the median home value is $769,900, the median rent is $1,903/month.
New Providence at a glance
- Population
- 13,727
- Median age
- 45.7State: 40.1
- Median household income
- $161,599State: $103,556
- Median home value
- $769,900State: $454,400
- Median rent
- $1,903/moState: $1,720
- Homeowners
- 75.8%
- Bachelor's degree or higher
- 67.6%
- Average commute
- 32 min
Is New Providence a good place to live?
Pros: Median household income 56% higher than the New Jersey median; unemployment of 3.8%; a poverty rate of 2.1%.
Cons: Home values 69% higher than the state median; an average commute of 32 minutes.
The weather is best in May–June and August–September.
Cost of living in New Providence
Housing is the biggest part of the cost of living. In New Providence the median home value is $769,900, 131% higher than the U.S. median. Renters pay a median of $1,903 per month, which is 25.7% of household income. Homeowners with a mortgage pay $3,965 a month in housing costs.
New Providence median household income
The median household income in New Providence is $161,599 and the income per person is $83,870. 2.1% of residents live below the poverty line (New Jersey: 9.7%).
Housing in New Providence: homes for sale and rent
- Housing units
- 5,659
- Owner-occupied
- 75.8%
- Renter-occupied
- 24.2%
- Vacant
- 5.4%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.54
New Providence demographics
- Population
- 13,727
- Median age
- 45.7
- Under 18
- 23.8%
- 65 and older
- 23.2%
- Households
- 5,351
- Foreign-born
- 22.1%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of New Providence ›
Education in New Providence
67.6% of adults 25 and older in New Providence have a bachelor's degree or higher (New Jersey: 43.6%), and 32.1% have a graduate or professional degree.
Jobs and commute in New Providence
- Unemployment rate
- 3.8%State: 6.3%
- Average commute
- 32 minState: 31 min
- Work from home
- 27.7%
- Drive alone
- 54.8%
- Public transit
- 9.2%
- Walk to work
- 1.1%
- Homes with broadband
- 96.1%
New Providence vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Providence | 13,727 | $161,599 | $769,900 | $1,903 |
| Berkeley Heights | 13,426 | $204,658 | $789,400 | $2,203 |
| Summit | 22,705 | $190,304 | $994,500 | $2,430 |
| Gillette | 2,833 | $109,050 | $635,900 | — |
| Mountainside | 7,049 | $211,538 | $810,300 | $3,501 |
| Chatham | 9,407 | $241,500 | $984,900 | $2,250 |
| Green Village | 1,130 | $88,977 | $823,900 | $2,782 |
| Springfield | 17,171 | $155,906 | $636,600 | $2,188 |
| Fanwood | 7,799 | $195,529 | $635,200 | $2,446 |
More for people moving to New Providence
New Providence ZIP code ›Weather and climate ›Living in New Providence: FAQ
What is the median household income in New Providence, NJ?
The median household income in New Providence is $161,599, 56% 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 New Providence?
The median home value in New Providence is $769,900, compared with $454,400 in New Jersey.
How much is rent in New Providence?
The median gross rent in New Providence is $1,903 per month, about 25.7% of household income.
Is New Providence, NJ a good place to live?
Pluses: median household income 56% higher than the New Jersey median; unemployment of 3.8%; a poverty rate of 2.1%. Minuses: home values 69% higher than the state median; an average commute of 32 minutes.
What is the median age in New Providence?
The median age in New Providence is 45.7 years (New Jersey: 40.1).
How long is the commute in New Providence?
The average commute to work in New Providence is 32 minutes; 27.7% of workers work from home.
What is the unemployment rate in New Providence?
The unemployment rate in New Providence is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Providence?
67.6% of adults in New Providence 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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