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CITY

Pennington

New Jersey · 2,889 residents (2025 est.) · 0.961 sq mi
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The short version

Pennington is significantly wealthier than the US average, with a median household income of $192,586. Population has held roughly steady since 2000. 73% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than doubled since 2000, reaching $672,900. With a median age of 47.8, the population is older than the US median of 38.9. It ranks in the top 1% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 47.8
US median: 38.9
More educated
73% hold a bachelor's degree
US average: 36%
Less affordable
home values up 33%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,827
+5%since 2000
from 2,696 in 2000
1990 – 2025
Population density
2,942 / sq mi
+5%since 2000
from 2,805 / sq mi in 2000
US average: 281
Median age
47.8
+16%since 2000
from 41.3 in 2000
US average: 38.9

PEP 2025 EST:2,889 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
2K3K3K3K3K1990201020202024Pennington
20243K
1990201020202024
Section 02

Income & economy

Median household income
$192,586
+17%inflation adjusted, since 2000
from $90,366 in 2000
US average: $82,259
1990 – 2024
Per capita income
$97,605
+113%since 2000
from $45,843 in 2000
US average: $44,673
Households earning $100K+
82.7%
+17.8 ptssince 2009
from 64.9% in 2009
US average: 53.3%
Poverty rate
4.8%
+2.4 ptssince 2000
from 2.4% in 2000
US average: 12.5%
Income inequality (Gini)
0.430
−11%since 2010
from 0.483 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade7.2%
US avg: 9.9%
Other services5.2%
US avg: 6.7%
Public administration4.8%
US avg: 4.8%
Information4.5%
US avg: 10.8%
Finance & insurance3.1%
US avg: 5.9%
Professional, scientific, technical3.1%
US avg: 5.1%
Wholesale trade3%
US avg: 6.9%
Arts, entertainment, food2.7%
US avg: 1.9%
Transportation & warehousing0.9%
US avg: 2.2%
Agriculture, forestry, fishing0.7%
US avg: 1.6%
Construction0.7%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$672,900
+33%inflation adjusted, since 2000
from $277,900 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,886
+18%inflation adjusted, since 2000
from $881 in 2000
US average: $1,442
Owner-occupied
81.7%
−3.3 ptssince 2000
from 85.0% in 2000
18.3% rent
Vacancy rate
7.8%
+2.2 ptssince 2009
from 5.6% in 2009
US average: 10.0%
Owner cost-burdened
18.7%
−8.6 ptssince 2009
from 27.3% in 2009
US average: 22.9%
Renter cost-burdened
37.9%
−12.1 ptssince 2009
from 50.0% in 2009
US average: 47.4%
Afford Score
3.5
+14%since 2000
from 3.1 in 2000
1990 – 2024
Gentrification Score
41
RELATED:See current rent listings in Pennington on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic94.4%(2,546)
Black2.6%(71)
Hispanic / Latino1.2%(32)
Asian1%(27)
Other0%
Diversity Score11.7%(316)
2024
White, non-Hispanic83.9%(2,372)
Black1.8%(52)
Hispanic / Latino4.4%(123)
Asian7.7%(219)
Other2.2%(61)
Diversity Score35.9%(1,015)
Diversity Score
36
+206%since 2000
from 12 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
73.4%
+3.9 ptssince 2000
from 69.5% in 2000
US average: 35.6%
High school or higher
98.5%
+1.4 ptssince 2000
from 97.1% in 2000
US average: 89.6%
Graduate degree
41.9%
+9.0 ptssince 2000
from 33.0% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
27.3 min
+63%since 2000
from 16.8 min in 2000
US average: 26.5
Drive alone to work
61.6%
−18.8 ptssince 2009
from 80.4% in 2009
US average: 68.9%
Carpooled to work
4.6%
+0.8 ptssince 2009
from 3.8% in 2009
US average: 8.5%
Public transit
3.3%
−0.4 ptssince 2009
from 3.7% in 2009
US average: 3.2%
Worked from home
24.1%
+19.4 ptssince 2009
from 4.7% in 2009
US average: 15.0%
Walked to work
4.4%
−3.0 ptssince 2009
from 7.4% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
4.1%
−2.6 ptssince 2009
from 6.7% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.4%
−1.5 ptssince 2011
from 4.0% in 2011
US average: 5.2%
Labor force participation
68.5%
+3.7 ptssince 2011
from 64.7% in 2011
US average: 63.5%
Self-employed
17.7%
−1.7 ptssince 2009
from 19.4% in 2009
US average: 13.1%
Management & professional
71.2%
−10.2 ptssince 2009
from 81.4% in 2009
US average: 42.5%
Section 08

People & community

Male
49.1%
+4.6 ptssince 2009
from 44.5% in 2009
Female
50.9%
−4.6 ptssince 2009
from 55.5% in 2009
Foreign born
9.0%
+3.9 ptssince 2009
from 5.1% in 2009
US average: 14.1%
Veterans
2.6%
−40.1 ptssince 2009
from 42.7% in 2009
US average: 6.2%
With a disability
7.6%
−1.8 ptssince 2012
from 9.4% in 2012
US average: 13.3%
Uninsured
2.2%
−95.0 ptssince 2013
from 97.2% in 2013
US average: 8.4%
Broadband at home
96.4%
+15.3 ptssince 2017
from 81.1% in 2017
US average: 91.0%
English only at home
90.1%
−1.9 ptssince 2016
from 92.0% in 2016
US average: 77.7%
Spanish at home
2.2%
−0.7 ptssince 2016
from 2.9% in 2016
US average: 13.6%
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Compare Pennington to nearby cities

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Income$192,079same
Home value$1,050,600+56%
Population31,469+989%
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PENNINGTON VS
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Income$52,537−73%
Home value$160,700−76%
Population91,506+3067%
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PENNINGTON VS
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Income$128,277−33%
Home value$358,600−47%
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PENNINGTON VS
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Home value$397,000−41%
Population11,622+302%
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Frequently asked

How many people live in Pennington, New Jersey?

Pennington, New Jersey has about 2,827 residents according to the 2024 American Community Survey.

What is the median household income in Pennington, New Jersey?

The typical household in Pennington, New Jersey earns about $192,586 a year. Half of households make more than that, and half make less.

Is Pennington, New Jersey expensive?

In Pennington, New Jersey, the median home is worth about $672,900, and the typical rent is about $1,886 a month.

How educated are people in Pennington, New Jersey?

About 73.4% of adults age 25 and over in Pennington, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Pennington, New Jersey?

About 4.8% of people in Pennington, New Jersey live below the federal poverty line.

Has Pennington, New Jersey grown since 1990?

Yes, Pennington, New Jersey has grown since 1990. The population has added about 290 residents, a change of about 11 percent over that period.

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

How we source and harmonize this data →

Pennington, New Jersey: demographics, income & housing data · CensusEasy