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Peapack and Gladstone, NJ

Full City Profile · New Jersey · Somerset County County

4.1 /5.0
A Great
2,547 Population 445/sq mi density
$184,231 Median Income $102,494 per capita
$843,400 Home Value $1,341,690 Zillow
$1,827 Median Rent 51.0% income on rent
53°F Avg Temperature 275 sunny days/yr
A
Overall
4.1 / 5.0
Strong
A+
Economy
5.0 / 5.0
$184,231 median income, 0.9% unemployment
A
Affordability
4.1 / 5.0
$843,400 home value, $1,827/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
69.4% bachelor's degree or higher

Peapack and Gladstone, NJ

At a Glance

Median Income
$184,231
145% above
$102,494 per capita
Home Value
$843,400
199% above
Zillow: $1,341,690
Median Rent
$1,827/mo
57% above
51.0% of income on rent
Violent Crime
0/100K
100% below
386/100K property
Bachelor's Degree+
69.4%
106% above
97.4% high school+
Unemployment
0.9%
75% below
0.0% poverty rate
Obesity Rate
25.6%
20% below
7.1% smoking rate
Avg Temperature
53°F
275 sunny days/yr

How Peapack and Gladstone Compares to the U.S. Average

Each bar shows Peapack and Gladstone's value as a percentage of the national average (100% = U.S. avg)

Income
245%
Home Value
299%
Rent
157%
Poverty
0%
Bachelor's
206%
Unemployment
25%
Crime
0%
Thin vertical line = U.S. national average (100%)

Is Peapack and Gladstone a Good Place to Live?

A
4.1 / 5.0 — Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Peapack and Gladstone residents earn a median household income of $184,231 , which is 145% above the national average of $75,149. Per capita income is $102,494. The unemployment rate stands at 0.9% (75% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 10,950 business establishments, including 823 restaurants.

Housing & Cost of Living

The median home value in Peapack and Gladstone is $843,400 , 199% above the national median of $281,900. Zillow estimates the typical home at $1,341,690. Median rent is $1,827/month, with 51.0% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1969.

Safety & Crime

Peapack and Gladstone reports 0 violent crimes per 100,000 residents , which is 100% below the national average of 380/100K. Property crime is 386/100K. The murder rate is 0.0/100K.

Education

69.4% of adults in Peapack and Gladstone hold a bachelor's degree or higher (106% above the national average). 97.4% have completed high school. Local schools score 7.3/10 in standardized testing.

Climate & Weather

Peapack and Gladstone has an average annual temperature of 53°F (11°C). Winters average 30°F in January while summers reach 75°F in July. The area gets 275 sunny days per year. Annual precipitation totals 45.5 inches. Air quality is rated Good with a median AQI of 39.

Data Overview

People

Population2,547
Median Age47.3 yrs
Density445/mi²
Male / Female49% / 51%
Foreign Born13.6%
Veterans5.5%

Economy

A+
Median Income$184,231
Per Capita$102,494
Unemployment0.9%
Poverty0.0%
County GDP$54,494M
Avg Weekly Wage$2,046

Housing

A
Home Value$843,400
Rent$1,827
Ownership76.1%
Zillow$1,341,690
Housing Units974
Rent Burden51.0%

Crime

C+
Violent0/100K
Property386/100K
Murder0.0/100K
Assault0/100K
Burglary116/100K

Health

Obesity25.6%
Diabetes6.4%
Smoking7.1%
Heart Disease3.7%
Premature Death4,545/100K

Climate

Avg Temp53°F
Sunny Days275/yr
Rain45.5 in/yr
AQI39 (Good)
Elevation301 ft

Education

A+
Bachelor's+69.4%
High School+97.4%
Graduate+27.0%
School Score7.3/10

Community

2024 VoteR 42% / D 56%
Commute25 min
Broadband92.4%
Internet Speed146 Mbps
EV Stations4
Libraries17

Did You Know?

Peapack and Gladstone was founded in 1912.
The median home in Peapack and Gladstone was built in 1969.
23.8% work from home.
The nearest airport is Central Jersey Regional (14 miles).
The Gini coefficient (income inequality) is 0.462 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
5.1% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 146 Mbps.
There are 823 restaurants in the area.
The county recorded 17 fatal vehicle crashes.