Cranbury, NJ
Population 2,304 · New Jersey
About Cranbury, NJ
Cranbury is a small town located in New Jersey with a population of 2,304 residents according to the latest US Census Bureau American Community Survey data. The median household income is $230,703 per year, which is 207% above the national median of $75,149. The median age of 51.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cranbury features a median home value of $794,500, which is 224% above the national median of $244,900. This places Cranbury in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,594, 37% above the national average of $1,163/month. Of the 856 total housing units, 86% are owner-occupied (707 units) and 14% are renter-occupied (115 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cranbury shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 4.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cranbury have an average one-way commute time of 37.7 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
75.8% of Cranbury 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 0.0% White, 0.0% Hispanic or Latino, 0.5% Black or African American, and 1.9% Asian residents, with 25.3% of the population being foreign-born.
How Cranbury Ranks in New Jersey
Cost of Living in Cranbury, NJ
Compared to national averages, Cranbury has a median household income of $230,703 (207% above the national median of $75,149). Home values average $794,500, which is 224% above the national median. Monthly rent at $1,594 is 37% above the US average of $1,163. Within New Jersey, Cranbury's income is 99% above the state average of $115,667, and home values are 69% above the state median of $469,644.
Why Live in Cranbury, NJ?
Cranbury offers a strong local economy with a median household income of $230,703, well above the national average, and a well-educated community where 75.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $794,500. However, Cranbury’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cranbury has a population of 2,304 with a median age of 51.6 years. Compare Cranbury with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Cranbury
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Macopin | 2,305 | $127,824 | $370,300 | Compare |
| Monroe Manor | 2,308 | $160,833 | $599,300 | Compare |
| Pleasantdale | 2,293 | $158,661 | $551,600 | Compare |
| Helmetta | 2,317 | $104,143 | $321,400 | Compare |
| Essex Fells | 2,320 | $250,001 | $976,300 | Compare |
| Ten Mile Run | 2,288 | $158,491 | $652,400 | Compare |
| North Beach Haven | 2,282 | $109,353 | $1,070,900 | Compare |
| English Creek | 2,275 | $61,694 | $284,800 | 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 Cranbury With Other Cities
Frequently Asked Questions about Cranbury
What is the population of Cranbury, NJ?
The population of Cranbury, NJ is 2,304 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 Cranbury?
The median household income in Cranbury, NJ is $230,703 per year, which is 207% above the national median of $75,149.
What is the median home value in Cranbury?
The median home value in Cranbury, NJ is $794,500, which is 224% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cranbury?
The median monthly rent in Cranbury, NJ is $1,594, which is 37% above the national average of $1,163/month.
What is the unemployment rate in Cranbury?
The unemployment rate in Cranbury, 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 Cranbury, NJ a good place to live?
Cranbury offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,304 and a median age of 51.6, the city appeals to established professionals and retirees.
How educated is Cranbury, NJ?
75.8% of residents in Cranbury 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 Cranbury?
Key cost-of-living indicators for Cranbury, NJ: median home value is $794,500 (224% above national), median rent is $1,594/month, and median household income is $230,703. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cranbury?
The poverty rate in Cranbury, NJ is 4.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cranbury, NJ?
Cranbury's population is 0.0% White, 0.0% Hispanic or Latino, 0.5% Black or African American, 1.9% Asian, and 7.2% two or more races. 25.3% of residents are foreign-born.