New Jersey · Census place 57600
Pennington borough, NJ
Quick answer
Pennington borough has 2,798 residents, ranking #397 of 700 places in New Jersey. Median household income is $171,282, the median home is worth $608,200 and median gross rent runs $1,819 a month.
- Population
- 2,798Pennington borough residents
- Median household income
- $171,282Past 12 months, inflation adjusted
- Median home value
- $608,200Owner-occupied units
- Median gross rent
- $1,819Rent plus utilities, monthly
- Median age
- 49 yrsAll residents
- Homeownership rate
- 79.5%Owner-occupied households
What the numbers mean in Pennington borough
Housing cost measured against local earnings.
A household earning the Pennington borough median would spend about 12.7% 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 3.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.5% of residents and 79.5% 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.
- Woodlynne borough 2,899
- Stirling CDP 2,868
- Stockton University CDP 2,801
- Hewitt CDP 2,797
- Keasbey CDP 2,793
- Cape May city 2,789
- Clinton town 2,784
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