Caldwell, NJ
Population 8,898 · New Jersey
About Caldwell, NJ
Caldwell is a small town located in New Jersey with a population of 8,898 residents according to the latest US Census Bureau American Community Survey data. The median household income is $101,196 per year, which is 35% above the national median of $75,149. The median age of 38.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Caldwell features a median home value of $563,000, which is 130% above the national median of $244,900. This places Caldwell in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,937, 67% above the national average of $1,163/month. Of the 3,874 total housing units, 45% are owner-occupied (1,722 units) and 55% are renter-occupied (2,075 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Caldwell shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Caldwell have an average one-way commute time of 29.3 minutes.
Education & Demographics
58.3% of Caldwell residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.3% White, 3.3% Hispanic or Latino, 5.4% Black or African American, and 8.3% Asian residents, with 19.2% of the population being foreign-born.
Cost of Living in Caldwell, NJ
Compared to national averages, Caldwell has a median household income of $101,196 (35% above the national median of $75,149). Home values average $563,000, which is 130% above the national median. Monthly rent at $1,937 is 67% above the US average of $1,163. Within New Jersey, Caldwell's income is 13% below the state average of $115,667, and home values are 20% above the state median of $469,644.
Why Live in Caldwell, NJ?
Caldwell offers a strong local economy with a median household income of $101,196, well above the national average, and a well-educated community where 58.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $563,000. However, Caldwell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Caldwell has a population of 8,898 with a median age of 38.5 years. Compare Caldwell with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Caldwell
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Clayton | 8,867 | $89,375 | $244,800 | Compare |
| Whippany | 8,862 | $153,725 | $612,500 | Compare |
| Haledon | 8,936 | $94,178 | $347,700 | Compare |
| Flanders | 8,949 | $149,769 | $492,600 | Compare |
| Pitman | 8,834 | $96,199 | $258,400 | Compare |
| Boonton | 8,803 | $100,417 | $475,300 | Compare |
| Madison Park | 8,798 | $76,396 | $386,200 | Compare |
| North Haledon | 8,757 | $131,810 | $517,200 | 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.
Compare Caldwell With Other Cities
Frequently Asked Questions about Caldwell
What is the population of Caldwell, NJ?
The population of Caldwell, NJ is 8,898 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Caldwell?
The median household income in Caldwell, NJ is $101,196 per year, which is 35% above the national median of $75,149.
What is the median home value in Caldwell?
The median home value in Caldwell, NJ is $563,000, which is 130% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Caldwell?
The median monthly rent in Caldwell, NJ is $1,937, which is 67% above the national average of $1,163/month.
What is the unemployment rate in Caldwell?
The unemployment rate in Caldwell, NJ is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Caldwell, NJ a good place to live?
Caldwell offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,898 and a median age of 38.5, the city appeals to a broad range of residents.
How educated is Caldwell, NJ?
58.3% of residents in Caldwell aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Caldwell?
Key cost-of-living indicators for Caldwell, NJ: median home value is $563,000 (130% above national), median rent is $1,937/month, and median household income is $101,196. The home-value-to-income ratio is 5.6x, a moderate figure by national standards.
What is the poverty rate in Caldwell?
The poverty rate in Caldwell, NJ is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Caldwell, NJ?
Caldwell's population is 0.3% White, 3.3% Hispanic or Latino, 5.4% Black or African American, 8.3% Asian, and 4.7% two or more races. 19.2% of residents are foreign-born.