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Pennington, NJ

Full City Profile · New Jersey · Mercer County County

4.3 /5.0
A Great
2,798 Population 2,915/sq mi density
$171,282 Median Income $88,350 per capita
$608,200 Home Value $659,773 Zillow
$1,819 Median Rent 25.4% income on rent
54°F Avg Temperature 275 sunny days/yr
A
Overall
4.3 / 5.0
Strong
A+
Economy
5.0 / 5.0
$171,282 median income, 1.7% unemployment
A+
Affordability
4.7 / 5.0
$608,200 home value, $1,819/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
73.6% bachelor's degree or higher

Change Over Time (2013, 2023)

Population Change
+12.2%
2,556 → 2,867
over 10 years
Annual Pop. Growth
+1.15%
Compound annual growth rate
Median Income Change
+50.3%
$113,929 → $171,282
nominal, not inflation-adjusted
Annual Income Growth
+4.16%
Compound annual growth rate

Population Over Time

Total population for Pennington across each available Census ACS release.

Median Household Income Over Time

Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).

Projected 2030

Simple projections extrapolating the 2013, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.

Projected Population 2030
3,106
+239 from 2023 (2,867)
Projected Median Income 2030
$227,834
+$56,552 from 2023 ($171,282)

Year-by-Year Detail

Year Population YoY % Median Income YoY %
2013 2,556 - $113,929 -
2015 2,537 -0.7% $115,536 +1.4%
2017 2,528 -0.4% $121,667 +5.3%
2019 2,582 +2.1% $132,500 +8.9%
2021 2,793 +8.2% $141,250 +6.6%
2023 2,867 +2.6% $171,282 +21.3%
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.