Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 53.2 yrs |
|---|---|
| Avg HH Size | 2.23 |
| Below Poverty | 19.4% ▲ 94% above avg |
| College Grads | 60.3% ▲ 56% above avg |
| HS Graduate | 40 (14.4%) |
| Some College | 12 (4.3%) |
| Associates | 58 (20.9%) |
| Bachelors | 23 (8.3%) |
| Graduate Degree | 144 (52%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $110,985 ▲ 45% above avg |
|---|---|
| Median Home Value | $1,375,000 ▲ 393% above avg |
| Home/Income Ratio | 12.4x (nat avg ~3.5x) |
| Total Housing Units | 148 |
Income Distribution
How People Get to Work
Commute Time
Year Built
New Vernon is a city in New Jersey, located in Morris County. The city spans 1 ZIP code and is home to approximately 330 residents. It is a mature city, with a median age of 53.2 years.
Economically, New Vernon is a upper-middle-income community. The median household income of $110,985 is above the national average. Approximately 19.4% of residents live below the poverty line.
The real estate market in New Vernon is among the most expensive housing markets in the country. Median home values stand at $1,375,000, which is more than double the national average. Homeownership is high at 62.2%, typical of suburban and family-oriented communities.
The population of New Vernon is highly educated. 60.3% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (82.12%).
New Vernon, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07976 | 330 | $110,985 | $1,375,000 | — | 0.0% | 60.3% | 62.2% |