Ledgewood, NJ
Population 5,150 · New Jersey
About Ledgewood, NJ
Ledgewood is a small town located in New Jersey with a population of 5,150 residents according to the latest US Census Bureau American Community Survey data. The median household income is $125,000 per year, which is 66% above the national median of $75,149. The median age of 45.3 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 Ledgewood features a median home value of $454,100, which is 85% above the national median of $244,900. This places Ledgewood in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,570, 35% above the national average of $1,163/month. Of the 2,064 total housing units, 84% are owner-occupied (1,657 units) and 16% are renter-occupied (327 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ledgewood shows an unemployment rate of 17.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ledgewood have an average one-way commute time of 32.6 minutes.
Education & Demographics
62.5% of Ledgewood 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 1.6% White, 0.5% Hispanic or Latino, 6.7% Black or African American, and 5.9% Asian residents, with 12.7% of the population being foreign-born.
Cost of Living in Ledgewood, NJ
Compared to national averages, Ledgewood has a median household income of $125,000 (66% above the national median of $75,149). Home values average $454,100, which is 85% above the national median. Monthly rent at $1,570 is 35% above the US average of $1,163. Within New Jersey, Ledgewood's income is 8% above the state average of $115,667, and home values are 3% below the state median of $469,644.
Why Live in Ledgewood, NJ?
Ledgewood offers a strong local economy with a median household income of $125,000, well above the national average, and a well-educated community where 62.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $454,100. However, Ledgewood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ledgewood has a population of 5,150 with a median age of 45.3 years. Compare Ledgewood with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Ledgewood
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wildwood | 5,140 | $51,996 | $361,200 | Compare |
| Beach Haven West | 5,164 | $116,949 | $577,500 | Compare |
| Troy Hills | 5,183 | $180,618 | $634,600 | Compare |
| Beckett | 5,072 | $119,063 | $279,300 | Compare |
| Bargaintown | 5,231 | $127,734 | $307,100 | Compare |
| Margate City | 5,260 | $114,417 | $645,200 | Compare |
| Florence | 5,027 | $99,020 | $270,100 | Compare |
| Ellisburg | 5,021 | $91,272 | $294,300 | 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 Ledgewood With Other Cities
Frequently Asked Questions about Ledgewood
What is the population of Ledgewood, NJ?
The population of Ledgewood, NJ is 5,150 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 Ledgewood?
The median household income in Ledgewood, NJ is $125,000 per year, which is 66% above the national median of $75,149.
What is the median home value in Ledgewood?
The median home value in Ledgewood, NJ is $454,100, which is 85% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ledgewood?
The median monthly rent in Ledgewood, NJ is $1,570, which is 35% above the national average of $1,163/month.
What is the unemployment rate in Ledgewood?
The unemployment rate in Ledgewood, NJ is 17.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Ledgewood, NJ a good place to live?
Ledgewood offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 5,150 and a median age of 45.3, the city appeals to established professionals and retirees.
How educated is Ledgewood, NJ?
62.5% of residents in Ledgewood 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 Ledgewood?
Key cost-of-living indicators for Ledgewood, NJ: median home value is $454,100 (85% above national), median rent is $1,570/month, and median household income is $125,000. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Ledgewood?
The poverty rate in Ledgewood, NJ is 2.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ledgewood, NJ?
Ledgewood's population is 1.6% White, 0.5% Hispanic or Latino, 6.7% Black or African American, 5.9% Asian, and 4.2% two or more races. 12.7% of residents are foreign-born.