Old Tappan, NJ
Population 5,896 · New Jersey
About Old Tappan, NJ
Old Tappan is a small town located in New Jersey with a population of 5,896 residents according to the latest US Census Bureau American Community Survey data. The median household income is $199,250 per year, which is 165% above the national median of $75,149. The median age of 44.8 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 Old Tappan features a median home value of $910,600, which is 272% above the national median of $244,900. This places Old Tappan in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,241, 179% above the national average of $1,163/month. Of the 2,027 total housing units, 90% are owner-occupied (1,738 units) and 10% are renter-occupied (197 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Old Tappan shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Old Tappan have an average one-way commute time of 32.7 minutes.
Education & Demographics
76.9% of Old Tappan 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 2.1% White, 0.2% Hispanic or Latino, 0.6% Black or African American, and 3.2% Asian residents, with 28.6% of the population being foreign-born.
How Old Tappan Ranks in New Jersey
Cost of Living in Old Tappan, NJ
Compared to national averages, Old Tappan has a median household income of $199,250 (165% above the national median of $75,149). Home values average $910,600, which is 272% above the national median. Monthly rent at $3,241 is 179% above the US average of $1,163. Within New Jersey, Old Tappan's income is 72% above the state average of $115,667, and home values are 94% above the state median of $469,644.
Why Live in Old Tappan, NJ?
Old Tappan offers a strong local economy with a median household income of $199,250, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 76.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $910,600. However, Old Tappan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Old Tappan has a population of 5,896 with a median age of 44.8 years. Compare Old Tappan with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Old Tappan
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mount Arlington | 5,901 | $99,511 | $393,400 | Compare |
| Manasquan | 5,915 | $156,542 | $947,100 | Compare |
| Vauxhall | 5,875 | $106,962 | $354,300 | Compare |
| Hightstown | 5,869 | $107,431 | $333,200 | Compare |
| Belmar | 5,861 | $92,859 | $771,400 | Compare |
| Finderne | 5,968 | $109,348 | $391,700 | Compare |
| Pine Brook | 6,017 | $146,543 | $686,300 | Compare |
| Franklin Center | 5,770 | $138,643 | $565,200 | 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 Old Tappan With Other Cities
Frequently Asked Questions about Old Tappan
What is the population of Old Tappan, NJ?
The population of Old Tappan, NJ is 5,896 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 Old Tappan?
The median household income in Old Tappan, NJ is $199,250 per year, which is 165% above the national median of $75,149.
What is the median home value in Old Tappan?
The median home value in Old Tappan, NJ is $910,600, which is 272% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Old Tappan?
The median monthly rent in Old Tappan, NJ is $3,241, which is 179% above the national average of $1,163/month.
What is the unemployment rate in Old Tappan?
The unemployment rate in Old Tappan, NJ is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Old Tappan, NJ a good place to live?
Old Tappan offers above-average incomes, a competitive housing market, and a strong job market. With a population of 5,896 and a median age of 44.8, the city appeals to a broad range of residents.
How educated is Old Tappan, NJ?
76.9% of residents in Old Tappan 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 Old Tappan?
Key cost-of-living indicators for Old Tappan, NJ: median home value is $910,600 (272% above national), median rent is $3,241/month, and median household income is $199,250. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Old Tappan?
The poverty rate in Old Tappan, NJ is 2.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Old Tappan, NJ?
Old Tappan's population is 2.1% White, 0.2% Hispanic or Latino, 0.6% Black or African American, 3.2% Asian, and 0.2% two or more races. 28.6% of residents are foreign-born.