Living in Newfoundland, New Jersey
Cost of living, income, home prices, rent and demographics of Newfoundland · Census data 2020–2024
Newfoundland has 1,361 residents with a median age of 54. The median household income is $138,385 (34% higher than the New Jersey median), the median home value is $434,600, the median rent is $1,495/month.
Newfoundland is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Newfoundland at a glance
- Population
- 1,361
- Median age
- 54State: 40.1
- Median household income
- $138,385State: $103,556
- Median home value
- $434,600State: $454,400
- Median rent
- $1,495/moState: $1,720
- Homeowners
- 84%
- Bachelor's degree or higher
- 31.7%
- Average commute
- 32 min
Is Newfoundland a good place to live?
Pros: Median household income 34% higher than the New Jersey median; home values 4% lower than the state median; a poverty rate of 0.5%.
Cons: An average commute of 32 minutes.
The weather is best in June to September.
Cost of living in Newfoundland
Housing is the biggest part of the cost of living. In Newfoundland the median home value is $434,600, 31% higher than the U.S. median. Renters pay a median of $1,495 per month, which is 35.9% of household income. Homeowners with a mortgage pay $2,434 a month in housing costs.
Newfoundland median household income
The median household income in Newfoundland is $138,385 and the income per person is $60,039. 0.5% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Newfoundland: homes for sale and rent
- Housing units
- 636
- Owner-occupied
- 84%
- Renter-occupied
- 16%
- Vacant
- 3.6%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.21
Newfoundland demographics
- Population
- 1,361
- Median age
- 54
- Under 18
- 9.2%
- 65 and older
- 19.4%
- Households
- 613
- Foreign-born
- 1.7%
- Veterans
- 2%Adults 18+
Hispanic or Latino can be of any race. Population history of Newfoundland ›
Education in Newfoundland
31.7% of adults 25 and older in Newfoundland have a bachelor's degree or higher (New Jersey: 43.6%), and 8.8% have a graduate or professional degree.
Jobs and commute in Newfoundland
- Unemployment rate
- 0%State: 6.3%
- Average commute
- 32 minState: 31 min
- Work from home
- 12.2%
- Drive alone
- 75.4%
- Public transit
- 0%
- Walk to work
- 11.6%
- Homes with broadband
- 92.2%
Newfoundland vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Newfoundland | 1,361 | $138,385 | $434,600 | $1,495 |
| Macopin | 2,170 | $139,864 | $389,800 | $1,917 |
| West Milford | 24,705 | $132,114 | $399,700 | $1,737 |
| Oak Ridge | 10,954 | $121,875 | $436,100 | $1,372 |
| Bloomingdale | 7,716 | $127,500 | $432,000 | $1,753 |
| Kinnelon | 10,013 | $187,438 | $706,400 | $2,282 |
| Butler | 8,133 | $111,557 | $442,500 | $1,599 |
| Jefferson | 20,587 | $119,836 | $428,200 | $1,480 |
| Riverdale | 4,112 | $102,950 | $395,900 | $2,424 |
More for people moving to Newfoundland
Newfoundland ZIP code ›Weather and climate ›Living in Newfoundland: FAQ
What is the median household income in Newfoundland, NJ?
The median household income in Newfoundland is $138,385, 34% 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 Newfoundland?
The median home value in Newfoundland is $434,600, compared with $454,400 in New Jersey.
How much is rent in Newfoundland?
The median gross rent in Newfoundland is $1,495 per month, about 35.9% of household income.
Is Newfoundland, NJ a good place to live?
Pluses: median household income 34% higher than the New Jersey median; home values 4% lower than the state median; a poverty rate of 0.5%. Minuses: an average commute of 32 minutes.
What is the median age in Newfoundland?
The median age in Newfoundland is 54 years (New Jersey: 40.1).
How long is the commute in Newfoundland?
The average commute to work in Newfoundland is 32 minutes; 12.2% of workers work from home.
What is the unemployment rate in Newfoundland?
The unemployment rate in Newfoundland is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Newfoundland?
31.7% of adults in Newfoundland 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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