Basking Ridge, NJ
Population 7,882 · New Jersey
About Basking Ridge, NJ
Basking Ridge is a small community in New Jersey with a population of 7,882 residents. The median household income is $200,378 per year, which is above the national average. The median age in Basking Ridge is 46.6 years.
Housing in Basking Ridge has a median home value of $841,700 and median monthly rent of $565. Of the 2,955 total housing units, the majority are owner-occupied, with 2,453 owner-occupied and 446 renter-occupied units.
The unemployment rate in Basking Ridge is 6.4% and the poverty rate is 3.6%. 73.6% of residents hold a bachelor's degree or higher. The average commute time is 28.5 minutes.
How Basking Ridge Ranks in New Jersey
Cost of Living in Basking Ridge, NJ
Compared to national averages, Basking Ridge has a median household income of $200,378 (167% above the national median of $75,149). Home values average $841,700, which is 244% above the national median. Monthly rent at $565 is 51% below the US average of $1,163. Within New Jersey, Basking Ridge's income is 73% above the state average of $115,667, and home values are 79% above the state median of $469,644.
Why Live in Basking Ridge, NJ?
Basking Ridge offers a strong local economy with a median household income of $200,378, well above the national average, and rent that’s lower than the national average at $565/month, and a well-educated community where 73.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $841,700. However, Basking Ridge’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Basking Ridge has a population of 7,882 with a median age of 46.6 years. Compare Basking Ridge with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Basking Ridge
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bernardsville | 7,871 | $231,006 | $737,600 | Compare |
| Glen Ridge | 7,827 | $248,016 | $730,600 | Compare |
| Watsessing | 7,944 | $94,301 | $418,500 | Compare |
| Carneys Point | 7,945 | $75,436 | $180,600 | Compare |
| Crestwood Village | 7,951 | $38,396 | $95,700 | Compare |
| Fort Dix | 8,034 | $98,259 | $0 | Compare |
| Atco | 8,037 | $101,976 | $262,200 | Compare |
| Fanwood | 7,714 | $176,667 | $610,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Basking Ridge
What is the population of Basking Ridge, NJ?
The population of Basking Ridge, NJ is 7,882 according to the latest Census data.
What is the median household income in Basking Ridge?
The median household income in Basking Ridge, NJ is $200,378 per year.
What is the median home value in Basking Ridge?
The median home value in Basking Ridge, NJ is $841,700.
What is the average rent in Basking Ridge?
The median monthly rent in Basking Ridge, NJ is $565.
What is the unemployment rate in Basking Ridge?
The unemployment rate in Basking Ridge, NJ is 6.4%.