Living in Verona, New Jersey
Cost of living, income, home prices, rent and demographics of Verona · Census data 2020–2024
Verona has 14,545 residents with a median age of 42.8. The median household income is $161,843 (56% higher than the New Jersey median), the median home value is $608,400, the median rent is $2,130/month.
Verona at a glance
- Population
- 14,545
- Median age
- 42.8State: 40.1
- Median household income
- $161,843State: $103,556
- Median home value
- $608,400State: $454,400
- Median rent
- $2,130/moState: $1,720
- Homeowners
- 79.3%
- Bachelor's degree or higher
- 70%
- Average commute
- 32 min
Is Verona a good place to live?
Pros: Median household income 56% higher than the New Jersey median; unemployment of 4.3%; a poverty rate of 5.3%.
Cons: Home values 34% 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 Verona
Housing is the biggest part of the cost of living. In Verona the median home value is $608,400, 83% higher than the U.S. median. Renters pay a median of $2,130 per month, which is 30.8% of household income. Homeowners with a mortgage pay $3,615 a month in housing costs.
Verona median household income
The median household income in Verona is $161,843 and the income per person is $82,980. 5.3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Verona: homes for sale and rent
- Housing units
- 6,012
- Owner-occupied
- 79.3%
- Renter-occupied
- 20.7%
- Vacant
- 3%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.49
Verona demographics
- Population
- 14,545
- Median age
- 42.8
- Under 18
- 24.4%
- 65 and older
- 22.6%
- Households
- 5,829
- Foreign-born
- 9.3%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Verona ›
Education in Verona
70% of adults 25 and older in Verona have a bachelor's degree or higher (New Jersey: 43.6%), and 29% have a graduate or professional degree.
Jobs and commute in Verona
- Unemployment rate
- 4.3%State: 6.3%
- Average commute
- 32 minState: 31 min
- Work from home
- 23.3%
- Drive alone
- 62%
- Public transit
- 9.6%
- Walk to work
- 0.3%
- Homes with broadband
- 90.4%
Verona vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Verona | 14,545 | $161,843 | $608,400 | $2,130 |
| Montclair | 40,341 | $151,075 | $906,400 | $2,063 |
| Essex Fells | 2,361 | $250,001 | $1,083,000 | $3,501 |
| Cedar Grove | 13,475 | $151,263 | $634,000 | $1,896 |
| Caldwell | 9,003 | $96,824 | $575,400 | $1,976 |
| Upper Montclair | 12,457 | $250,001 | $989,000 | $2,237 |
| North Caldwell | 6,656 | $208,245 | $904,500 | $3,329 |
| Pleasantdale | 2,145 | $144,281 | $579,800 | — |
| Glen Ridge | 7,943 | $250,001 | $836,600 | $2,728 |
More for people moving to Verona
Verona ZIP code ›Weather and climate ›Living in Verona: FAQ
What is the median household income in Verona, NJ?
The median household income in Verona is $161,843, 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 Verona?
The median home value in Verona is $608,400, compared with $454,400 in New Jersey.
How much is rent in Verona?
The median gross rent in Verona is $2,130 per month, about 30.8% of household income.
Is Verona, NJ a good place to live?
Pluses: median household income 56% higher than the New Jersey median; unemployment of 4.3%; a poverty rate of 5.3%. Minuses: home values 34% higher than the state median; an average commute of 32 minutes.
What is the median age in Verona?
The median age in Verona is 42.8 years (New Jersey: 40.1).
How long is the commute in Verona?
The average commute to work in Verona is 32 minutes; 23.3% of workers work from home.
What is the unemployment rate in Verona?
The unemployment rate in Verona is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Verona?
70% of adults in Verona 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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