Living in Raritan, New Jersey
Cost of living, income, home prices, rent and demographics of Raritan · Census data 2020–2024
Raritan has 24,361 residents with a median age of 43.3. The median household income is $165,174 (60% higher than the New Jersey median), the median home value is $564,300, the median rent is $1,615/month.
Raritan at a glance
- Population
- 24,361
- Median age
- 43.3State: 40.1
- Median household income
- $165,174State: $103,556
- Median home value
- $564,300State: $454,400
- Median rent
- $1,615/moState: $1,720
- Homeowners
- 90%
- Bachelor's degree or higher
- 67.1%
- Average commute
- 34 min
Is Raritan a good place to live?
Pros: Median household income 60% higher than the New Jersey median; unemployment of 4.2%; a poverty rate of 3.4%.
Cons: Home values 24% higher than the state median; an average commute of 34 minutes.
The weather is best in May–June and August–September.
Cost of living in Raritan
Housing is the biggest part of the cost of living. In Raritan the median home value is $564,300, 70% higher than the U.S. median. Renters pay a median of $1,615 per month, which is 26.4% of household income. Homeowners with a mortgage pay $3,107 a month in housing costs.
Raritan median household income
The median household income in Raritan is $165,174 and the income per person is $79,932. 3.4% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Raritan: homes for sale and rent
- Housing units
- 9,331
- Owner-occupied
- 90%
- Renter-occupied
- 10%
- Vacant
- 1%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.60
Raritan demographics
- Population
- 24,361
- Median age
- 43.3
- Under 18
- 20.4%
- 65 and older
- 17.4%
- Households
- 9,241
- Foreign-born
- 13.4%
- Veterans
- 2.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Raritan ›
Education in Raritan
67.1% of adults 25 and older in Raritan have a bachelor's degree or higher (New Jersey: 43.6%), and 29.6% have a graduate or professional degree.
Jobs and commute in Raritan
- Unemployment rate
- 4.2%State: 6.3%
- Average commute
- 34 minState: 31 min
- Work from home
- 23%
- Drive alone
- 69%
- Public transit
- 1.3%
- Walk to work
- 0.5%
- Homes with broadband
- 96.1%
Raritan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Raritan | 24,361 | $165,174 | $564,300 | $1,615 |
| Franklin | 3,283 | $161,169 | $513,300 | $3,501 |
| Flemington | 4,896 | $69,978 | $400,600 | $1,532 |
| Clinton | 2,789 | $141,146 | $436,200 | $1,881 |
| Union | 6,430 | $137,568 | $416,600 | $1,625 |
| Annandale | 1,568 | $168,043 | $504,900 | $2,662 |
| Readington | 16,278 | $157,625 | $549,100 | $1,813 |
| Lebanon | 1,675 | $110,104 | $374,400 | $2,171 |
| Kingwood | 3,835 | $135,129 | $477,100 | $1,388 |
More for people moving to Raritan
Raritan ZIP code ›Weather and climate ›Living in Raritan: FAQ
What is the median household income in Raritan, NJ?
The median household income in Raritan is $165,174, 60% 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 Raritan?
The median home value in Raritan is $564,300, compared with $454,400 in New Jersey.
How much is rent in Raritan?
The median gross rent in Raritan is $1,615 per month, about 26.4% of household income.
Is Raritan, NJ a good place to live?
Pluses: median household income 60% higher than the New Jersey median; unemployment of 4.2%; a poverty rate of 3.4%. Minuses: home values 24% higher than the state median; an average commute of 34 minutes.
What is the median age in Raritan?
The median age in Raritan is 43.3 years (New Jersey: 40.1).
How long is the commute in Raritan?
The average commute to work in Raritan is 34 minutes; 23% of workers work from home.
What is the unemployment rate in Raritan?
The unemployment rate in Raritan is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Raritan?
67.1% of adults in Raritan 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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