New Jersey · Census place 03340
Basking Ridge CDP, NJ
Quick answer
Basking Ridge CDP has 7,882 residents, ranking #210 of 700 places in New Jersey. Median household income is $200,378, the median home is worth $841,700 and median gross rent runs $565 a month.
- Population
- 7,882Basking Ridge CDP residents
- Median household income
- $200,378Past 12 months, inflation adjusted
- Median home value
- $841,700Owner-occupied units
- Median gross rent
- $565Rent plus utilities, monthly
- Median age
- 46.6 yrsAll residents
- Homeownership rate
- 84.6%Owner-occupied households
What the numbers mean in Basking Ridge CDP
Housing cost measured against local earnings.
A household earning the Basking Ridge CDP median would spend about 3.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.6% of residents and 84.6% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Crestwood Village CDP 7,951
- Carneys Point CDP 7,945
- Watsessing CDP 7,944
- Bernardsville borough 7,871
- Glen Ridge borough 7,827
- Fanwood borough 7,714
- Dunellen borough 7,711
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