Preakness, NJ
Population 18,538 · New Jersey
About Preakness, NJ
Preakness is a mid-sized city in New Jersey with a population of 18,538 residents. The median household income is $133,168 per year, which is above the national average. The median age in Preakness is 41.1 years.
Housing in Preakness has a median home value of $603,200 and median monthly rent of $1,946. Of the 6,906 total housing units, the majority are owner-occupied, with 4,713 owner-occupied and 2,019 renter-occupied units.
The unemployment rate in Preakness is 4.6% and the poverty rate is 3.7%. 58.4% of residents hold a bachelor's degree or higher. The average commute time is 31.1 minutes.
Cost of Living in Preakness, NJ
Compared to national averages, Preakness has a median household income of $133,168 (77% above the national median of $75,149). Home values average $603,200, which is 146% above the national median. Monthly rent at $1,946 is 67% above the US average of $1,163. Within New Jersey, Preakness's income is 15% above the state average of $115,667, and home values are 28% above the state median of $469,644.
Why Live in Preakness, NJ?
Preakness offers a strong local economy with a median household income of $133,168, well above the national average, and a well-educated community where 58.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $603,200. However, Preakness’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Preakness has a population of 18,538 with a median age of 41.1 years. Compare Preakness with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Preakness
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dover | 18,420 | $70,519 | $347,100 | Compare |
| Ocean Acres | 18,689 | $117,739 | $359,200 | Compare |
| Rutherford | 18,748 | $136,069 | $580,800 | Compare |
| Colonia | 18,294 | $134,301 | $473,200 | Compare |
| Dumont | 18,072 | $125,585 | $469,900 | Compare |
| Iselin | 19,151 | $112,615 | $394,200 | Compare |
| Point Pleasant | 19,158 | $108,713 | $523,400 | Compare |
| Tinton Falls | 19,252 | $113,844 | $458,300 | 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.
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Frequently Asked Questions about Preakness
What is the population of Preakness, NJ?
The population of Preakness, NJ is 18,538 according to the latest Census data.
What is the median household income in Preakness?
The median household income in Preakness, NJ is $133,168 per year.
What is the median home value in Preakness?
The median home value in Preakness, NJ is $603,200.
What is the average rent in Preakness?
The median monthly rent in Preakness, NJ is $1,946.
What is the unemployment rate in Preakness?
The unemployment rate in Preakness, NJ is 4.6%.