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CITY

Preakness

New Jersey · 18,520 residents · 5.674 sq mi
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The short version

Preakness is significantly wealthier than the US average, with a median household income of $133,205. Population has held roughly steady since 2023. 57% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $617,700. Poverty is rare here, at 3.3% of residents. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 41.0
US median: 38.9
More educated
57% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
18,520
Unchangedsince 2023
from 18,538 in 2023
2020 – 2024
Population density
3,264 / sq mi
Unchangedsince 2023
from 3,267 / sq mi in 2023
US average: 281
Median age
41.0
Unchangedsince 2023
from 41.1 in 2023
US average: 38.9
Population, 2020 – 2024
18K19K19K19K19K20202024Preakness
202419K
20202024
Section 02

Income & economy

Median household income
$133,205
−3%inflation adjusted, since 2023
from $133,168 in 2023
US average: $82,259
2020 – 2024
Per capita income
$57,082
−5%since 2023
from $59,930 in 2023
US average: $44,673
Households earning $100K+
71.5%
+1.6 ptssince 2023
from 70.0% in 2023
US average: 53.3%
Poverty rate
3.3%
−0.4 ptssince 2023
from 3.7% in 2023
US average: 12.5%
Income inequality (Gini)
0.422
−6%since 2023
from 0.450 in 2023
US average: 0.476
Workforce by industry, 2024
Other services9.8%
US avg: 6.7%
Information9.2%
US avg: 10.8%
Public administration8.3%
US avg: 4.8%
Retail trade6.2%
US avg: 9.9%
Finance & insurance5.3%
US avg: 5.9%
Professional, scientific, technical4.7%
US avg: 5.1%
Wholesale trade4.5%
US avg: 6.9%
Transportation & warehousing3.7%
US avg: 2.2%
Arts, entertainment, food1.3%
US avg: 1.9%
Education & health services0.6%
US avg: 0.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$617,700
−1%inflation adjusted, since 2023
from $603,200 in 2023
US average: $376,019
2020 – 2024
Median gross rent
$1,918
−4%inflation adjusted, since 2023
from $1,946 in 2023
US average: $1,442
Owner-occupied
70.6%
+0.6 ptssince 2023
from 70.0% in 2023
29.4% rent
Vacancy rate
2.3%
−0.2 ptssince 2023
from 2.5% in 2023
US average: 10.0%
Owner cost-burdened
33.3%
−0.4 ptssince 2023
from 33.7% in 2023
US average: 22.9%
Renter cost-burdened
49.7%
+1.5 ptssince 2023
from 48.1% in 2023
US average: 47.4%
Afford Score
4.6
+2%since 2023
from 4.5 in 2023
2020 – 2024
RELATED:See current rent listings in Preakness on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic71.3%(13,214)
Black2.6%(476)
Hispanic / Latino13.4%(2,477)
Asian11.4%(2,108)
Other1.4%(263)
Diversity Score57.5%(10,665)
2024
White, non-Hispanic69.6%(12,899)
Black3.1%(566)
Hispanic / Latino13.5%(2,501)
Asian12.2%(2,254)
Other1.6%(300)
Diversity Score60.1%(11,127)
Diversity Score
60
+4%since 2023
from 58 in 2023
2020 – 2024
Section 05

Education

Bachelor's degree or higher
57.1%
−1.4 ptssince 2023
from 58.4% in 2023
US average: 35.6%
High school or higher
95.9%
−0.7 ptssince 2023
from 96.6% in 2023
US average: 89.6%
Graduate degree
24.1%
−1.0 ptssince 2023
from 25.1% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
29.8 min
−4%since 2023
from 31.1 min in 2023
US average: 26.5
Drive alone to work
70.2%
−1.9 ptssince 2023
from 72.1% in 2023
US average: 68.9%
Carpooled to work
6.8%
−1.0 ptssince 2023
from 7.7% in 2023
US average: 8.5%
Public transit
5.1%
−1.7 ptssince 2023
from 6.8% in 2023
US average: 3.2%
Worked from home
16.9%
+4.5 ptssince 2023
from 12.4% in 2023
US average: 15.0%
Walked to work
0.8%
Unchangedsince 2023
from 0.8% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
6.0%
−0.2 ptssince 2023
from 6.2% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
4.6%
Unchangedsince 2023
from 4.6% in 2023
US average: 5.2%
Labor force participation
66.6%
−0.9 ptssince 2023
from 67.5% in 2023
US average: 63.5%
Self-employed
16.7%
−0.6 ptssince 2023
from 17.3% in 2023
US average: 13.1%
Management & professional
56.4%
−4.8 ptssince 2023
from 61.2% in 2023
US average: 42.5%
Section 08

People & community

Male
49.6%
−0.5 ptssince 2023
from 50.2% in 2023
Female
50.4%
+0.5 ptssince 2023
from 49.8% in 2023
Foreign born
21.8%
−0.2 ptssince 2023
from 22.0% in 2023
US average: 14.1%
Veterans
2.9%
−0.4 ptssince 2023
from 3.3% in 2023
US average: 6.2%
With a disability
7.5%
+0.4 ptssince 2023
from 7.1% in 2023
US average: 13.3%
Uninsured
2.5%
−1.1 ptssince 2023
from 3.6% in 2023
US average: 8.4%
Broadband at home
92.9%
−0.5 ptssince 2023
from 93.4% in 2023
US average: 91.0%
English only at home
65.9%
+1.0 ptssince 2023
from 64.8% in 2023
US average: 77.7%
Spanish at home
8.3%
−2.0 ptssince 2023
from 10.3% in 2023
US average: 13.6%
Drill deeper

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Head to head

Compare Preakness to nearby cities

PREAKNESS VS
Haledon
Income$95,870−28%
Home value$396,400−36%
Population9,125−51%
SEE FULL COMPARISON →
PREAKNESS VS
Totowa
Income$113,563−15%
Home value$559,300−9%
Population11,166−40%
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PREAKNESS VS
North Haledon
Income$125,313−6%
Home value$547,600−11%
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SEE FULL COMPARISON →
PREAKNESS VS
Paterson
Income$55,997−58%
Home value$360,100−42%
Population161,793+774%
SEE FULL COMPARISON →
Frequently asked

How many people live in Preakness, New Jersey?

Preakness, New Jersey has about 18,520 residents according to the 2024 American Community Survey.

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

The typical household in Preakness, New Jersey earns about $133,205 a year. Half of households make more than that, and half make less.

Is Preakness, New Jersey expensive?

In Preakness, New Jersey, the median home is worth about $617,700, and the typical rent is about $1,918 a month.

How educated are people in Preakness, New Jersey?

About 57.1% of adults age 25 and over in Preakness, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Preakness, New Jersey?

About 3.3% of people in Preakness, 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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