CensusEasy
CITY · 2020 ACS

Basking Ridge

New Jersey · 7,196 residents · 6.75 sq mi
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The short version

Basking Ridge is significantly wealthier than the US average, with a median household income of $166,528. Population has declined 11% since 2021. 69% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value is $730,000. With a median age of 45.4, the population is older than the US median of 38.8. Households here earn about 95% more than the New Jersey median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 45.4
US median: 38.8
More educated
69% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

7,196
−11%vs 2021
vs 8,074 in 2021
2020 – 2024
1,066 / sq mi
−11%vs 2021
vs 1,196 / sq mi in 2021
US average: 280
45.4
−1%vs 2021
vs 46.0 in 2021
US average: 38.8
Population, 20202024
7K7K8K8K8K20202024Basking Ridge
20248K
20202024
Section 02

Income & economy

$166,528
+4%inflation adjusted, since 2021
vs $168,125 in 2021
US average: $66,278
2020 – 2024
$74,747
−6%vs 2021
vs $79,655 in 2021
US average: $35,364
Households earning $100K+
76.6%
+0.1 ptsvs 2021
vs 76.5% in 2021
US average: 43.9%
3.8%
−0.6 ptsvs 2021
vs 4.4% in 2021
US average: 12.8%
Workforce by industry, 2020
Other services16.3%
US avg: 6.6%
Public administration13.2%
US avg: 4.7%
Retail trade10.5%
US avg: 10%
Arts, entertainment, food8.4%
US avg: 2%
Information5.6%
US avg: 11.1%
Transportation & warehousing5.5%
US avg: 2.5%
Wholesale trade2.2%
US avg: 6.7%
Finance & insurance1.4%
US avg: 5.5%
Professional, scientific, technical1.1%
US avg: 4.7%
Education & health services0.3%
US avg: 0.8%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$730,000
+7%inflation adjusted, since 2021
vs $713,700 in 2021
US average: $265,253
2020 – 2024
$478
Unchangedinflation adjusted, since 2021
vs $501 in 2021
US average: $1,124
84.1%
−0.2 ptsvs 2021
vs 84.3% in 2021
15.9% rent
4.4
+3%vs 2021
vs 4.2 in 2021
2020 – 2024
RELATED:See current rent listings in Basking Ridge on RentDataNow
Section 04

Race & ethnicity

2021
White, non-Hispanic82.8%(6,687)
Black0.3%(22)
Hispanic / Latino6.4%(517)
Asian7.9%(635)
Other2.6%(213)
Diversity Score37.9%(3,059)
2020
White, non-Hispanic78.7%(5,666)
Black0.6%(46)
Hispanic / Latino7.2%(519)
Asian9.3%(671)
Other2.3%(167)
Diversity Score42.8%(3,082)
43
+13%vs 2021
vs 38 in 2021
2020 – 2024
Section 05

Education

69.0%
−1.9 ptsvs 2021
vs 70.9% in 2021
US average: 32.9%
High school or higher
97.7%
−0.1 ptsvs 2021
vs 97.9% in 2021
US average: 88.5%
37.1%
+0.9 ptsvs 2021
vs 36.2% in 2021
US average: 12.7%
Section 06

Commute & transportation

29.2 min
+7%vs 2021
vs 27.3 min in 2021
US average: 26.9
69.3%
+1.7 ptsvs 2021
vs 67.7% in 2021
US average: 75.1%
6.0%
+1.1 ptsvs 2021
vs 4.9% in 2021
US average: 8.4%
Section 07

Work & employment

4.4%
−3.3 ptsvs 2021
vs 7.7% in 2021
US average: 5.4%
60.3%
−0.5 ptsvs 2021
vs 60.8% in 2021
US average: 63.4%
61.7%
+0.9 ptsvs 2021
vs 60.8% in 2021
US average: 39.3%
Section 08

People & community

49.2%
−1.4 ptsvs 2021
vs 50.6% in 2021
50.8%
+1.4 ptsvs 2021
vs 49.4% in 2021
10.4%
−0.4 ptsvs 2021
vs 10.8% in 2021
US average: 13.5%
0.5%
+0.1 ptsvs 2021
vs 0.4% in 2021
US average: 8.8%
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Frequently asked

How many people live in Basking Ridge, New Jersey?

Basking Ridge, New Jersey has about 7,196 residents according to the 2020 American Community Survey.

What is the median household income in Basking Ridge, New Jersey?

The typical household in Basking Ridge, New Jersey earns about $166,528 a year. Half of households make more than that, and half make less.

Is Basking Ridge, New Jersey expensive?

In Basking Ridge, New Jersey, the median home is worth about $730,000, and the typical rent is about $478 a month.

How educated are people in Basking Ridge, New Jersey?

About 69.0% of adults age 25 and over in Basking Ridge, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Basking Ridge, New Jersey?

About 3.8% of people in Basking Ridge, New Jersey live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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