Living in Rumson, New Jersey
Cost of living, income, home prices, rent and demographics of Rumson · Census data 2020–2024
Rumson has 7,241 residents with a median age of 44.4. The median household income is $250,001 (141% higher than the New Jersey median), the median home value is $1,679,300, the median rent is $3,501/month.
Rumson at a glance
- Population
- 7,241
- Median age
- 44.4State: 40.1
- Median household income
- $250,001State: $103,556
- Median home value
- $1,679,300State: $454,400
- Median rent
- $3,501/moState: $1,720
- Homeowners
- 92.9%
- Bachelor's degree or higher
- 82.1%
- Average commute
- 45 min
Is Rumson a good place to live?
Pros: Median household income 141% higher than the New Jersey median; unemployment of 4.5%; a poverty rate of 3.2%.
Cons: Home values 270% higher than the state median; an average commute of 45 minutes.
The weather is best in June to September.
Cost of living in Rumson
Housing is the biggest part of the cost of living. In Rumson the median home value is $1,679,300, 405% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 27.5% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Rumson median household income
The median household income in Rumson is $250,001 and the income per person is $135,860. 3.2% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Rumson: homes for sale and rent
- Housing units
- 2,513
- Owner-occupied
- 92.9%
- Renter-occupied
- 7.1%
- Vacant
- 2.5%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.95
Rumson demographics
- Population
- 7,241
- Median age
- 44.4
- Under 18
- 25.1%
- 65 and older
- 17.7%
- Households
- 2,451
- Foreign-born
- 5.6%
- Veterans
- 3%Adults 18+
Hispanic or Latino can be of any race. Population history of Rumson ›
Education in Rumson
82.1% of adults 25 and older in Rumson have a bachelor's degree or higher (New Jersey: 43.6%), and 32.3% have a graduate or professional degree.
Jobs and commute in Rumson
- Unemployment rate
- 4.5%State: 6.3%
- Average commute
- 45 minState: 31 min
- Work from home
- 33.6%
- Drive alone
- 44.5%
- Public transit
- 13.7%
- Walk to work
- 5.2%
- Homes with broadband
- 98.6%
Rumson vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Rumson | 7,241 | $250,001 | $1,679,300 | $3,501 |
| Sea Bright | 1,718 | $143,241 | $821,100 | $2,481 |
| Fair Haven | 6,170 | $250,001 | $992,200 | $3,492 |
| Monmouth Beach | 3,207 | $150,188 | $995,000 | $2,257 |
| Little Silver | 6,105 | $240,853 | $955,900 | $3,501 |
| Highlands | 4,518 | $91,913 | $455,000 | $1,658 |
| Oceanport | 6,195 | $126,094 | $757,700 | $1,608 |
| Navesink | 1,867 | $151,557 | $755,900 | — |
| Red Bank | 12,862 | $97,477 | $504,900 | $2,026 |
More for people moving to Rumson
Rumson ZIP code ›Weather and climate ›Living in Rumson: FAQ
What is the median household income in Rumson, NJ?
The median household income in Rumson is $250,001, 141% 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 Rumson?
The median home value in Rumson is $1,679,300, compared with $454,400 in New Jersey.
How much is rent in Rumson?
The median gross rent in Rumson is $3,501 per month, about 27.5% of household income.
Is Rumson, NJ a good place to live?
Pluses: median household income 141% higher than the New Jersey median; unemployment of 4.5%; a poverty rate of 3.2%. Minuses: home values 270% higher than the state median; an average commute of 45 minutes.
What is the median age in Rumson?
The median age in Rumson is 44.4 years (New Jersey: 40.1).
How long is the commute in Rumson?
The average commute to work in Rumson is 45 minutes; 33.6% of workers work from home.
What is the unemployment rate in Rumson?
The unemployment rate in Rumson is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Rumson?
82.1% of adults in Rumson 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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