Peapack and Gladstone, NJ
Population 2,547 · New Jersey
About Peapack and Gladstone, NJ
Peapack and Gladstone is a small town located in New Jersey with a population of 2,547 residents according to the latest US Census Bureau American Community Survey data. The median household income is $184,231 per year, which is 145% above the national median of $75,149. The median age of 47.3 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 Peapack and Gladstone features a median home value of $843,400, which is 244% above the national median of $244,900. This places Peapack and Gladstone in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,827, 57% above the national average of $1,163/month. Of the 1,018 total housing units, 76% are owner-occupied (749 units) and 24% are renter-occupied (235 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Peapack and Gladstone shows an unemployment rate of 1.5%, 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 Peapack and Gladstone have an average one-way commute time of 25.3 minutes.
Education & Demographics
69.4% of Peapack and Gladstone 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, 1.5% Black or African American, and 6.0% Asian residents, with 14.9% of the population being foreign-born.
How Peapack and Gladstone Ranks in New Jersey
Cost of Living in Peapack and Gladstone, NJ
Compared to national averages, Peapack and Gladstone has a median household income of $184,231 (145% above the national median of $75,149). Home values average $843,400, which is 244% above the national median. Monthly rent at $1,827 is 57% above the US average of $1,163. Within New Jersey, Peapack and Gladstone's income is 59% above the state average of $115,667, and home values are 80% above the state median of $469,644.
Why Live in Peapack and Gladstone, NJ?
Peapack and Gladstone offers a strong local economy with a median household income of $184,231, well above the national average, and a strong job market with an unemployment rate of just 1.5%, and a well-educated community where 69.4% 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 $843,400. However, Peapack and Gladstone’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Peapack and Gladstone has a population of 2,547 with a median age of 47.3 years. Compare Peapack and Gladstone with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Peapack and Gladstone
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| West Berlin | 2,533 | $75,000 | $224,800 | Compare |
| East Newark | 2,529 | $65,272 | $277,700 | Compare |
| Belvidere | 2,526 | $100,334 | $269,200 | Compare |
| Whittingham | 2,516 | $75,764 | $386,600 | Compare |
| Laurel Lake | 2,514 | $51,633 | $138,100 | Compare |
| Beverly | 2,489 | $92,807 | $190,100 | Compare |
| Greenwich CDP (Warren County), New Jersey | 2,615 | $166,977 | $457,500 | Compare |
| Clearbrook | 2,477 | $34,958 | $245,300 | 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 Peapack and Gladstone With Other Cities
Frequently Asked Questions about Peapack and Gladstone
What is the population of Peapack and Gladstone, NJ?
The population of Peapack and Gladstone, NJ is 2,547 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 Peapack and Gladstone?
The median household income in Peapack and Gladstone, NJ is $184,231 per year, which is 145% above the national median of $75,149.
What is the median home value in Peapack and Gladstone?
The median home value in Peapack and Gladstone, NJ is $843,400, which is 244% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Peapack and Gladstone?
The median monthly rent in Peapack and Gladstone, NJ is $1,827, which is 57% above the national average of $1,163/month.
What is the unemployment rate in Peapack and Gladstone?
The unemployment rate in Peapack and Gladstone, NJ is 1.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Peapack and Gladstone, NJ a good place to live?
Peapack and Gladstone offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,547 and a median age of 47.3, the city appeals to established professionals and retirees.
How educated is Peapack and Gladstone, NJ?
69.4% of residents in Peapack and Gladstone 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 Peapack and Gladstone?
Key cost-of-living indicators for Peapack and Gladstone, NJ: median home value is $843,400 (244% above national), median rent is $1,827/month, and median household income is $184,231. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Peapack and Gladstone?
The poverty rate in Peapack and Gladstone, 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 Peapack and Gladstone, NJ?
Peapack and Gladstone's population is 0.0% White, 0.0% Hispanic or Latino, 1.5% Black or African American, 6.0% Asian, and 3.6% two or more races. 14.9% of residents are foreign-born.