Cedar Knolls, NJ
Population 4,754 · New Jersey
About Cedar Knolls, NJ
Cedar Knolls is a small town located in New Jersey with a population of 4,754 residents according to the latest US Census Bureau American Community Survey data. The median household income is $166,077 per year, which is 121% above the national median of $75,149. The median age of 41 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Cedar Knolls features a median home value of $610,100, which is 149% above the national median of $244,900. This places Cedar Knolls in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,802, 141% above the national average of $1,163/month. Of the 1,825 total housing units, 61% are owner-occupied (1,067 units) and 39% are renter-occupied (687 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Cedar Knolls shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cedar Knolls have an average one-way commute time of 22.4 minutes.
Education & Demographics
55.8% of Cedar Knolls 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, 0.4% Hispanic or Latino, 1.8% Black or African American, and 10.1% Asian residents, with 29.7% of the population being foreign-born.
Cost of Living in Cedar Knolls, NJ
Compared to national averages, Cedar Knolls has a median household income of $166,077 (121% above the national median of $75,149). Home values average $610,100, which is 149% above the national median. Monthly rent at $2,802 is 141% above the US average of $1,163. Within New Jersey, Cedar Knolls's income is 44% above the state average of $115,667, and home values are 30% above the state median of $469,644.
Why Live in Cedar Knolls, NJ?
Cedar Knolls offers a strong local economy with a median household income of $166,077, well above the national average, and a strong job market with an unemployment rate of just 2.7%, and a well-educated community where 55.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.2%, better than the national average, and short commute times averaging just 22.4 minutes.
Potential considerations include a competitive housing market where the typical home costs $610,100. However, Cedar Knolls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cedar Knolls has a population of 4,754 with a median age of 41 years. Compare Cedar Knolls with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Cedar Knolls
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Northvale | 4,782 | $117,717 | $577,300 | Compare |
| Country Lake Estates | 4,700 | $124,636 | $226,000 | Compare |
| Garwood | 4,688 | $100,948 | $509,800 | Compare |
| Point Pleasant Beach | 4,826 | $131,641 | $813,500 | Compare |
| South Bound Brook | 4,833 | $102,019 | $345,300 | Compare |
| Mount Ephraim | 4,648 | $95,137 | $223,800 | Compare |
| Penns Grove | 4,860 | $43,889 | $170,100 | Compare |
| Spring Lake Heights | 4,866 | $102,829 | $648,500 | 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 Cedar Knolls With Other Cities
Frequently Asked Questions about Cedar Knolls
What is the population of Cedar Knolls, NJ?
The population of Cedar Knolls, NJ is 4,754 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 Cedar Knolls?
The median household income in Cedar Knolls, NJ is $166,077 per year, which is 121% above the national median of $75,149.
What is the median home value in Cedar Knolls?
The median home value in Cedar Knolls, NJ is $610,100, which is 149% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cedar Knolls?
The median monthly rent in Cedar Knolls, NJ is $2,802, which is 141% above the national average of $1,163/month.
What is the unemployment rate in Cedar Knolls?
The unemployment rate in Cedar Knolls, NJ is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cedar Knolls, NJ a good place to live?
Cedar Knolls offers above-average incomes, a competitive housing market, and a strong job market. With a population of 4,754 and a median age of 41, the city appeals to a broad range of residents.
How educated is Cedar Knolls, NJ?
55.8% of residents in Cedar Knolls 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 Cedar Knolls?
Key cost-of-living indicators for Cedar Knolls, NJ: median home value is $610,100 (149% above national), median rent is $2,802/month, and median household income is $166,077. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Cedar Knolls?
The poverty rate in Cedar Knolls, NJ is 2.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cedar Knolls, NJ?
Cedar Knolls's population is 0.3% White, 0.4% Hispanic or Latino, 1.8% Black or African American, 10.1% Asian, and 0.2% two or more races. 29.7% of residents are foreign-born.