Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.6 yrs |
|---|---|
| Avg HH Size | 2.68 |
| Below Poverty | 2.1% ▼ 79% below avg |
| College Grads | 74.2% ▲ 92% above avg |
| Unemployment | 4.4% ▼ 10% below avg |
| No HS Diploma | 139 (1.7%) |
| HS Graduate | 1,353 (16.6%) |
| Some College | 331 (4.1%) |
| Associates | 284 (3.5%) |
| Bachelors | 437 (5.3%) |
| Graduate Degree | 5,627 (68.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $168,860 ▲ 121% above avg |
|---|---|
| Median Home Value | $726,000 ▲ 160% above avg |
| Home/Income Ratio | 4.3x (nat avg ~3.5x) |
| Median Rent | $2,042/mo |
| Total Housing Units | 4,995 |
| Vacant Units | 299 |
Income Distribution
How People Get to Work
Commute Time
Year Built
New Providence is a city in New Jersey, located in Union County. The city spans 1 ZIP code and is home to approximately 12,737 residents. It is a middle-aged city, with a median age of 44.6 years.
Economically, New Providence is a affluent community. The median household income of $168,860 is more than double the national average. Approximately 2.1% of residents live below the poverty line. The unemployment rate is 4.4%, near the national average.
The real estate market in New Providence is a premium housing market. Median home values stand at $726,000, which is more than double the national average. Renters typically pay around $2,042 per month. Homeownership is high at 82.8%, typical of suburban and family-oriented communities.
The population of New Providence is highly educated. 74.2% of adults hold a bachelor's degree or higher — significantly above the national average. The community is majority White (68.57%).
New Providence, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07974 | 12,737 | $168,860 | $726,000 | $2,042 | 4.4% | 74.2% | 82.8% |