Living in New Vernon, New Jersey
Cost of living, income, home prices, rent and demographics of New Vernon · Census data 2020–2024
New Vernon has 743 residents with a median age of 50.2. The median home value is $1,566,200, the median rent is $3,207/month.
New Vernon is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Vernon at a glance
- Population
- 743
- Median age
- 50.2State: 40.1
- Median home value
- $1,566,200State: $454,400
- Median rent
- $3,207/moState: $1,720
- Homeowners
- 67.9%
- Bachelor's degree or higher
- 82.4%
- Average commute
- 39 min
Is New Vernon a good place to live?
Cons: Home values 245% higher than the state median; an average commute of 39 minutes; a poverty rate of 11.7%.
The weather is best in May–June and August–September.
Cost of living in New Vernon
Housing is the biggest part of the cost of living. In New Vernon the median home value is $1,566,200, 371% higher than the U.S. median. Renters pay a median of $3,207 per month, which is 51% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Housing in New Vernon: homes for sale and rent
- Housing units
- 265
- Owner-occupied
- 67.9%
- Renter-occupied
- 32.1%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1946
- Average household size
- 2.80
New Vernon demographics
- Population
- 743
- Median age
- 50.2
- Under 18
- 27.1%
- 65 and older
- 14.3%
- Households
- 265
- Foreign-born
- 4.6%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of New Vernon ›
Education in New Vernon
82.4% of adults 25 and older in New Vernon have a bachelor's degree or higher (New Jersey: 43.6%), and 39.3% have a graduate or professional degree.
Jobs and commute in New Vernon
- Unemployment rate
- 0%State: 6.3%
- Average commute
- 39 minState: 31 min
- Work from home
- 14.1%
- Drive alone
- 66.2%
- Public transit
- 19.8%
- Walk to work
- 0%
- Homes with broadband
- 92.1%
New Vernon vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Vernon | 743 | — | $1,566,200 | $3,207 |
| Harding | 3,896 | $222,429 | $1,145,100 | $2,917 |
| Green Village | 1,130 | $88,977 | $823,900 | $2,782 |
| Gillette | 2,833 | $109,050 | $635,900 | — |
| Madison | 16,447 | $171,471 | $943,200 | $2,253 |
| Long Hill | 8,652 | $169,079 | $697,100 | $2,329 |
| Morristown | 20,453 | $121,340 | $567,600 | $2,274 |
| Morris | 23,424 | $204,951 | $765,100 | $2,437 |
| Stirling | 2,599 | $180,875 | $695,300 | $1,427 |
More for people moving to New Vernon
New Vernon ZIP code ›Weather and climate ›Living in New Vernon: FAQ
What is the average home price in New Vernon?
The median home value in New Vernon is $1,566,200, compared with $454,400 in New Jersey.
How much is rent in New Vernon?
The median gross rent in New Vernon is $3,207 per month, about 51% of household income.
Is New Vernon, NJ a good place to live?
Minuses: home values 245% higher than the state median; an average commute of 39 minutes; a poverty rate of 11.7%.
What is the median age in New Vernon?
The median age in New Vernon is 50.2 years (New Jersey: 40.1).
How long is the commute in New Vernon?
The average commute to work in New Vernon is 39 minutes; 14.1% of workers work from home.
What is the unemployment rate in New Vernon?
The unemployment rate in New Vernon is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Vernon?
82.4% of adults in New Vernon 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.
Last updated: