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

Overall

4.1 / 5.0

Strong

A+

Economy

5.0 / 5.0

$184,231 median income, 0.9% unemployment

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

Income Overview

Median Household Income

$184,231

145% above

US avg: $75,149

Per Capita Income

$102,494

162% above

US avg: $39,052

Unemployment Rate

0.9%

75% below

US avg: 3.6%

Poverty Rate

0.0%

100% below

US avg: 12.4%

Income Comparison: Peapack and Gladstone vs. U.S. Average

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

Median Household

US: $75,149

$184,231

245%

Per Capita

US: $39,052

$102,494

262%

IRS Avg AGI

US: $72,000

$152,534

212%

Avg Weekly Wage

US: $1,432

$2,046

143%

Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage

$2,046

43% above US avg ($1,432)

Mean Commute Time

25 min

8% below US avg (28 min)

Work From Home

23.8%

57% above US avg (15.2%)

Drive Alone

55.3%

24% below US avg (73.2%)

Public Transit

2.6%

48% below US avg (5.0%)

County GDP

$54,494M

County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 55.3%

Public Transit 2.6%

Work From Home 23.8%

Other 18.3%

Average commute time

25 minutes

US avg: 28 min

Business Landscape

Total Establishments

10,950

Restaurants

823

Healthcare

1,266

Retail

1,003

Manufacturing

243

Tax & Financial

IRS Avg Adjusted Gross Income

$152,534

112% above US avg ($72,000)

Avg Property Tax

$13,089

274% above US avg ($3,500)

Cost of Living Index

108.8

Above national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income	$184,231
Per Capita Income	$102,494
IRS Avg Adjusted Gross Income	$152,534
Avg Weekly Wage	$2,046
County GDP	$54,494M

Hardship Indicators

Unemployment Rate	0.9%
Poverty Rate	0.0%
Gini Coefficient	0.462
Cost of Living Index	108.8

Commute

Mean Commute	25 minutes
Drive Alone	55.3%
Public Transit	2.6%
Work From Home	23.8%

Businesses

Total Establishments	10,950
Restaurants	823
Healthcare	1,266
Retail	1,003
Manufacturing	243

Tax

IRS Avg AGI	$152,534
Avg Property Tax	$13,089