Pitman, NJ
Population 8,834 · New Jersey
About Pitman, NJ
Pitman is a small town located in New Jersey with a population of 8,834 residents according to the latest US Census Bureau American Community Survey data. The median household income is $96,199 per year, which is 28% above the national median of $75,149. The median age of 40.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Pitman features a median home value of $258,400, which is 6% above the national median of $244,900. This positions Pitman in a moderately priced market relative to the rest of the country. Median monthly rent is $1,474, 27% above the national average of $1,163/month. Of the 3,819 total housing units, 73% are owner-occupied (2,629 units) and 27% are renter-occupied (962 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Pitman shows an unemployment rate of 6.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Pitman have an average one-way commute time of 27.6 minutes.
Education & Demographics
43.3% of Pitman 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 0.8% White, 0.3% Hispanic or Latino, 1.5% Black or African American, and 0.5% Asian residents, with 4.6% of the population being foreign-born.
Cost of Living in Pitman, NJ
Compared to national averages, Pitman has a median household income of $96,199 (28% above the national median of $75,149). Home values average $258,400, which is 6% above the national median. Monthly rent at $1,474 is 27% above the US average of $1,163. Within New Jersey, Pitman's income is 17% below the state average of $115,667, and home values are 45% below the state median of $469,644.
Why Live in Pitman, NJ?
Pitman offers a strong local economy with a median household income of $96,199, well above the national average, and a well-educated community where 43.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.6%, better than the national average.
Pitman has a population of 8,834 with a median age of 40.9 years. Compare Pitman with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Pitman
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Whippany | 8,862 | $153,725 | $612,500 | Compare |
| Boonton | 8,803 | $100,417 | $475,300 | Compare |
| Clayton | 8,867 | $89,375 | $244,800 | Compare |
| Madison Park | 8,798 | $76,396 | $386,200 | Compare |
| Caldwell | 8,898 | $101,196 | $563,000 | Compare |
| North Haledon | 8,757 | $131,810 | $517,200 | Compare |
| Haledon | 8,936 | $94,178 | $347,700 | Compare |
| Flanders | 8,949 | $149,769 | $492,600 | 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 Pitman With Other Cities
Frequently Asked Questions about Pitman
What is the population of Pitman, NJ?
The population of Pitman, NJ is 8,834 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 Pitman?
The median household income in Pitman, NJ is $96,199 per year, which is 28% above the national median of $75,149.
What is the median home value in Pitman?
The median home value in Pitman, NJ is $258,400, which is 6% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Pitman?
The median monthly rent in Pitman, NJ is $1,474, which is 27% above the national average of $1,163/month.
What is the unemployment rate in Pitman?
The unemployment rate in Pitman, NJ is 6.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Pitman, NJ a good place to live?
Pitman offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,834 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is Pitman, NJ?
43.3% of residents in Pitman 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 Pitman?
Key cost-of-living indicators for Pitman, NJ: median home value is $258,400 (6% above national), median rent is $1,474/month, and median household income is $96,199. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Pitman?
The poverty rate in Pitman, NJ is 4.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Pitman, NJ?
Pitman's population is 0.8% White, 0.3% Hispanic or Latino, 1.5% Black or African American, 0.5% Asian, and 2.3% two or more races. 4.6% of residents are foreign-born.