New Vernon, NJ
Population 791 · New Jersey
About New Vernon, NJ
New Vernon is a small community located in New Jersey with a population of 791 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 50.2 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 New Vernon features a median home value of $1,606,500, which is 556% above the national median of $244,900. This places New Vernon in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,205, 176% above the national average of $1,163/month. Of the 310 total housing units, 60% are owner-occupied (185 units) and 40% are renter-occupied (125 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in New Vernon shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Vernon have an average one-way commute time of 36.4 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
75.0% of New Vernon 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 5.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 3.2% Asian residents, with 12.6% of the population being foreign-born.
How New Vernon Ranks in New Jersey
Cost of Living in New Vernon, NJ
Compared to national averages, New Vernon has a median household income of $0 (100% below the national median of $75,149). Home values average $1,606,500, which is 556% above the national median. Monthly rent at $3,205 is 176% above the US average of $1,163. Within New Jersey, New Vernon's income is 100% below the state average of $115,667, and home values are 242% above the state median of $469,644.
Why Live in New Vernon, NJ?
New Vernon offers a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 75.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 11.6%, better than the national average.
Potential considerations include median household income ($0) that falls below the national average, and a competitive housing market where the typical home costs $1,606,500. However, New Vernon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Vernon has a population of 791 with a median age of 50.2 years. Compare New Vernon with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near New Vernon
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bloomsbury | 805 | $88,068 | $314,800 | Compare |
| Sweetwater | 805 | $104,191 | $521,500 | Compare |
| Rocky Hill | 814 | $127,344 | $608,200 | Compare |
| Interlaken | 821 | $180,972 | $935,600 | Compare |
| Grenloch | 748 | $128,333 | $228,700 | Compare |
| Carlls Corner | 845 | $80,500 | $196,400 | Compare |
| Stone Harbor | 853 | $128,235 | $1,898,800 | Compare |
| Branchville | 724 | $124,167 | $299,600 | 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.
Compare New Vernon With Other Cities
Frequently Asked Questions about New Vernon
What is the population of New Vernon, NJ?
The population of New Vernon, NJ is 791 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Jersey.
What is the median household income in New Vernon?
The median household income in New Vernon, NJ is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in New Vernon?
The median home value in New Vernon, NJ is $1,606,500, which is 556% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Vernon?
The median monthly rent in New Vernon, NJ is $3,205, which is 176% above the national average of $1,163/month.
What is the unemployment rate in New Vernon?
The unemployment rate in New Vernon, NJ is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Vernon, NJ a good place to live?
New Vernon offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 791 and a median age of 50.2, the city appeals to established professionals and retirees.
How educated is New Vernon, NJ?
75.0% of residents in New Vernon 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 New Vernon?
Key cost-of-living indicators for New Vernon, NJ: median home value is $1,606,500 (556% above national), median rent is $3,205/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in New Vernon?
The poverty rate in New Vernon, NJ is 11.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Vernon, NJ?
New Vernon's population is 5.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 3.2% Asian, and 0.0% two or more races. 12.6% of residents are foreign-born.