Ramsey, NJ
Population 14,722 · New Jersey
About Ramsey, NJ
Ramsey is a mid-sized city located in New Jersey with a population of 14,722 residents according to the latest US Census Bureau American Community Survey data. The median household income is $164,767 per year, which is 119% above the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Ramsey features a median home value of $665,700, which is 172% above the national median of $244,900. This places Ramsey in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,009, 73% above the national average of $1,163/month. Of the 5,267 total housing units, 84% are owner-occupied (4,395 units) and 16% are renter-occupied (853 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ramsey shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ramsey have an average one-way commute time of 33.6 minutes.
Education & Demographics
69.3% of Ramsey 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 1.4% White, 2.7% Hispanic or Latino, 1.0% Black or African American, and 7.7% Asian residents, with 16.1% of the population being foreign-born.
Cost of Living in Ramsey, NJ
Compared to national averages, Ramsey has a median household income of $164,767 (119% above the national median of $75,149). Home values average $665,700, which is 172% above the national median. Monthly rent at $2,009 is 73% above the US average of $1,163. Within New Jersey, Ramsey's income is 42% above the state average of $115,667, and home values are 42% above the state median of $469,644.
Why Live in Ramsey, NJ?
Ramsey offers a strong local economy with a median household income of $164,767, well above the national average, and a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 69.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $665,700. However, Ramsey’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ramsey has a population of 14,722 with a median age of 41.1 years. Compare Ramsey with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Ramsey
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hammonton | 14,746 | $83,044 | $324,200 | Compare |
| Cherry Hill Mall | 14,827 | $117,535 | $313,000 | Compare |
| Williamstown | 14,855 | $87,021 | $255,000 | Compare |
| Edgewater | 14,544 | $137,847 | $723,400 | Compare |
| Moorestown-Lenola | 14,523 | $134,167 | $533,400 | Compare |
| Middlesex | 14,518 | $107,063 | $414,600 | Compare |
| Hopatcong | 14,470 | $114,057 | $318,600 | Compare |
| Highland Park | 14,981 | $101,991 | $463,600 | 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 Ramsey With Other Cities
Frequently Asked Questions about Ramsey
What is the population of Ramsey, NJ?
The population of Ramsey, NJ is 14,722 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New Jersey.
What is the median household income in Ramsey?
The median household income in Ramsey, NJ is $164,767 per year, which is 119% above the national median of $75,149.
What is the median home value in Ramsey?
The median home value in Ramsey, NJ is $665,700, which is 172% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ramsey?
The median monthly rent in Ramsey, NJ is $2,009, which is 73% above the national average of $1,163/month.
What is the unemployment rate in Ramsey?
The unemployment rate in Ramsey, NJ is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Ramsey, NJ a good place to live?
Ramsey offers above-average incomes, a competitive housing market, and a strong job market. With a population of 14,722 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is Ramsey, NJ?
69.3% of residents in Ramsey 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 Ramsey?
Key cost-of-living indicators for Ramsey, NJ: median home value is $665,700 (172% above national), median rent is $2,009/month, and median household income is $164,767. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Ramsey?
The poverty rate in Ramsey, NJ is 3.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ramsey, NJ?
Ramsey's population is 1.4% White, 2.7% Hispanic or Latino, 1.0% Black or African American, 7.7% Asian, and 0.4% two or more races. 16.1% of residents are foreign-born.