Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.7 yrs |
|---|---|
| Avg HH Size | 2.69 |
| Below Poverty | 3.6% ▼ 64% below avg |
| College Grads | 77.8% ▲ 101% above avg |
| Unemployment | 2.7% ▼ 46% below avg |
| No HS Diploma | 48 (0.6%) |
| HS Graduate | 866 (10.8%) |
| Some College | 287 (3.6%) |
| Associates | 586 (7.3%) |
| Bachelors | 594 (7.4%) |
| Graduate Degree | 5,670 (70.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $180,491 ▲ 137% above avg |
|---|---|
| Median Home Value | $573,100 ▲ 106% above avg |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $2,106/mo |
| Total Housing Units | 5,107 |
| Vacant Units | 252 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Pennington is a city in New Jersey, located in Mercer County. The city spans 1 ZIP code and is home to approximately 13,174 residents. It is a middle-aged city, with a median age of 43.7 years.
Economically, Pennington is a affluent community. The median household income of $180,491 is more than double the national average. Approximately 3.6% of residents live below the poverty line. The unemployment rate is 2.7%, below the national average.
The real estate market in Pennington is a premium housing market. Median home values stand at $573,100, which is more than double the national average. Renters typically pay around $2,106 per month. Homeownership is high at 85.6%, typical of suburban and family-oriented communities.
The population of Pennington is highly educated. 77.8% of adults hold a bachelor's degree or higher — more than double the national average. The community is primarily White (74.3%).
Pennington, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 08534 | 13,174 | $180,491 | $573,100 | $2,106 | 2.7% | 77.8% | 85.6% |