Is Princeton, NJ a wealthy town?

Yes, Princeton, NJ is a wealthy community, consistently ranking as one of the richest towns in the U.S. with very high median household incomes (often over $180k-$200k), expensive real estate, and a population of high-earning professionals, driven by Princeton University, proximity to NYC, and major employers.

Is Princeton, NJ a rich area?

Demographics of Princeton, NJ

Princeton is a wealthy, diverse community. Its residents have a median income of more than $118,000, well above the national average. Property values are an impressive $811,700 average, also putting Princeton among the upper echelon of communities nationwide.

What is the wealthiest town in New Jersey?

The richest town in New Jersey is often cited as Ho-Ho-Kus (Bergen County) due to its extremely high median household income, consistently exceeding $250,000 and ranking high in wealth metrics, though other areas like Short Hills (Millburn) and Alpine are also extremely affluent, with Summit and Princeton frequently appearing on lists for high average incomes and desirable amenities. 

Why is Princeton, NJ so expensive?

Princeton's real estate market is characterized by high demand and limited supply, contributing to rising home prices. Trends indicate that homes in Princeton are among the most expensive in New Jersey, far exceeding the state average.

What is the average income in Princeton NJ?

In Princeton, NJ, the average household income is quite high, with figures around $239,000 (2023 data) and a median household income often cited near $184,000, though some sources show lower medians (around $137k) depending on the exact dataset and year. Per capita income is also high, over $100,000, reflecting a wealthy community with significant earnings, but also an elevated cost of living.
 

Top 10 Richest Towns in NEW JERSEY

Is Princeton Republican or Democrat?

Princeton University isn't strictly one party; it has active Democratic and Republican student groups, but its student body and faculty tend to lean left-leaning (Democrat), especially compared to its historical image, with strong progressive voices but also conservative outlets like The Princeton Tory and Federalist Society providing balance, notes Princeton Alumni Weekly. 

What is considered upper class in NJ?

New Jersey stands out with the highest threshold for the top 20% of earners. An individual in New Jersey must make at least $180,558 annually to be considered in this upper tier. This reflects the state's high cost of living and affluent communities, particularly those near New York City.

What is the average price of a house in Princeton NJ?

$946,837. The average Princeton, NJ home value is $946,837, up 2.5% over the past year and goes to pending in around 24 days.

Is Yale or Princeton better?

Ranking and Prestige. Princeton is renowned as one of the world's best universities. While Princeton and Yale are both highly respected Ivy League schools, Princeton has a slight edge in current rankings.

What is the most expensive city in NJ?

Avalon, NJ

Avalon tops the list as the most expensive city in New Jersey, with stunning beachfront properties and an upscale atmosphere. Known for its pristine beaches, luxury homes, and marina access, Avalon attracts boating enthusiasts and beachgoers alike.

What is the prettiest town in NJ?

There's no single "most beautiful" town, as it depends on preference, but Cape May (Victorian charm, beaches), Spring Lake (pristine shore, boardwalk), Lambertville (riverfront, arts), Frenchtown (bohemian, cafes), and Princeton (historic college town) consistently rank high for their unique beauty and appeal. Other contenders include Cranbury (historic architecture), Chester (quaint downtown, mill), and Mahwah (natural scenery).
 

What's the poorest town in New Jersey?

Camden, the poorest city in the state, has a poverty rate of 35.5%.

Where do most millionaires live in New Jersey?

Morris County is often considered New Jersey's wealthiest county. Its affluent communities, high property values, and strong economic sectors attract high-income residents, making it a great place to live and work for many.

What is the most affluent town in NJ?

The richest town in New Jersey is often cited as Ho-Ho-Kus (Bergen County) due to its extremely high median household income, consistently exceeding $250,000 and ranking high in wealth metrics, though other areas like Short Hills (Millburn) and Alpine are also extremely affluent, with Summit and Princeton frequently appearing on lists for high average incomes and desirable amenities. 

What is Princeton, NJ famous for?

Princeton, NJ is famous for Princeton University, an Ivy League institution, making it a renowned center for education, research, and intellectual life, also home to the Institute for Advanced Study. Beyond academia, it's known for its historic charm, Revolutionary War history, vibrant downtown with shopping/dining, and cultural venues like the McCarter Theatre, all nestled in a beautiful setting midway between NYC and Philly.
 

Why is Princeton so prestigious?

Princeton's prestige stems from its consistent top rankings, Ivy League status, highly selective admissions, exceptional academics (especially its unique undergraduate focus with senior theses), renowned faculty, vast resources (generous endowment), strong alumni network, and a beautiful campus with a traditional college feel, all contributing to its elite reputation and producing successful graduates like presidents and Nobel laureates.
 

Which is harder to get into, Princeton or Harvard?

Harvard consistently maintains the lowest acceptance rate among Ivy League schools, making it arguably the hardest Ivy League to get into. For the Class of 2028, Harvard admitted approximately 3.6% of applicants from a pool of over 56,000 applications.

What is the #1 hardest school to get into?

There isn't one single #1 hardest school, as it changes slightly by year and criteria, but Harvard University, Stanford University, MIT, and Caltech consistently rank among the top with extremely low acceptance rates (often 3-4%) and intense competition for spots, though other top global universities like Oxford and Tsinghua are also incredibly selective. Harvard is frequently cited as the hardest due to its high volume of applications and focus on global leadership potential, while Caltech is known for its extreme difficulty in STEM. 

What is the cheapest town to buy a house in New Jersey?

#1 Camden. Camden is the most affordable place to live in New Jersey with a median home sale price of $151,000. Located just five miles from Philadelphia, this diverse city of 71,800 residents offers tremendous value for budget-conscious buyers.

What is the average family income at Princeton?

Princeton University. The median family income of a student from Princeton is $186,100, and 72% come from the top 20 percent.

Who owns the 300 million dollar house?

The $300 million house, an extensive estate known as Little Lake Lodge in Aspen, Colorado, is owned by billionaires Lynda and Stewart Resnick, the owners of The Wonderful Company (FIJI Water, POM Wonderful), and is currently listed for sale as the most expensive home in the U.S. The 74-acre property, featuring multiple residences, a private lake, and vast amenities, was built by the Resnicks and listed for sale in August 2025.
 

Are upper class and rich the same?

Sociologist Leonard Beeghley considers total wealth to be the only significant distinguishing feature of this class and refers to the upper class simply as "the rich." Beeghley divides "the rich" into two sub-groups: the rich and the super-rich.

Why is New Jersey so wealthy?

Since the beginning of the 21st century, the state's economy has become highly diversified, with major sectors, including New Jersey's role as the world's largest pharmaceutical industry hub— as well as biotechnology, information technology, finance, digital media, filmmaking, and tourism, and it has become an Atlantic ...

Is New Jersey a red or blue state?

Since 1992, New Jersey has voted for Democrats in every presidential election. Bill Clinton won a plurality of New Jersey's popular vote that year, and a majority of New Jersey's popular vote in 1996.