Newfoundland, NJ
Population 1,281 · New Jersey
About Newfoundland, NJ
Newfoundland is a small town located in New Jersey with a population of 1,281 residents according to the latest US Census Bureau American Community Survey data. The median household income is $127,674 per year, which is 70% above the national median of $75,149. The median age of 49.8 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 Newfoundland features a median home value of $439,600, which is 80% above the national median of $244,900. This places Newfoundland in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,217, 5% above the national average of $1,163/month. Of the 631 total housing units, 81% are owner-occupied (481 units) and 19% are renter-occupied (110 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Newfoundland 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 0.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Newfoundland have an average one-way commute time of 26.5 minutes.
Education & Demographics
34.1% of Newfoundland residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 2.5% Black or African American, and 0.4% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Newfoundland, NJ
Compared to national averages, Newfoundland has a median household income of $127,674 (70% above the national median of $75,149). Home values average $439,600, which is 80% above the national median. Monthly rent at $1,217 is 5% above the US average of $1,163. Within New Jersey, Newfoundland's income is 10% above the state average of $115,667, and home values are 6% below the state median of $469,644.
Why Live in Newfoundland, NJ?
Newfoundland offers a strong local economy with a median household income of $127,674, well above the national average, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 34.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $439,600. However, Newfoundland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Newfoundland has a population of 1,281 with a median age of 49.8 years. Compare Newfoundland with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Newfoundland
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brookside | 1,287 | $250,001 | $892,500 | Compare |
| Crandon Lakes | 1,258 | $92,434 | $279,500 | Compare |
| Milford | 1,306 | $88,295 | $304,100 | Compare |
| Dorothy | 1,255 | $104,102 | $306,900 | Compare |
| William Paterson University of New Jersey | 1,240 | $0 | $0 | Compare |
| Surf City | 1,225 | $118,333 | $967,900 | Compare |
| Springfield | 1,338 | $177,045 | $580,900 | Compare |
| Chesilhurst | 1,340 | $89,904 | $215,100 | 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 Newfoundland With Other Cities
Frequently Asked Questions about Newfoundland
What is the population of Newfoundland, NJ?
The population of Newfoundland, NJ is 1,281 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 Newfoundland?
The median household income in Newfoundland, NJ is $127,674 per year, which is 70% above the national median of $75,149.
What is the median home value in Newfoundland?
The median home value in Newfoundland, NJ is $439,600, which is 80% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Newfoundland?
The median monthly rent in Newfoundland, NJ is $1,217, which is 5% above the national average of $1,163/month.
What is the unemployment rate in Newfoundland?
The unemployment rate in Newfoundland, 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 Newfoundland, NJ a good place to live?
Newfoundland offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,281 and a median age of 49.8, the city appeals to established professionals and retirees.
How educated is Newfoundland, NJ?
34.1% of residents in Newfoundland 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 Newfoundland?
Key cost-of-living indicators for Newfoundland, NJ: median home value is $439,600 (80% above national), median rent is $1,217/month, and median household income is $127,674. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Newfoundland?
The poverty rate in Newfoundland, NJ is 0.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Newfoundland, NJ?
Newfoundland's population is 0.0% White, 0.0% Hispanic or Latino, 2.5% Black or African American, 0.4% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.