Rumson, NJ
Population 7,265 · New Jersey
About Rumson, NJ
Rumson is a small town located in New Jersey with a population of 7,265 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 43.1 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 Rumson features a median home value of $1,609,400, which is 557% above the national median of $244,900. This places Rumson in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,351, 102% above the national average of $1,163/month. Of the 2,459 total housing units, 93% are owner-occupied (2,193 units) and 7% are renter-occupied (159 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Rumson shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 3.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Rumson have an average one-way commute time of 43.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
77.7% of Rumson 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 1.2% White, 0.2% Hispanic or Latino, 1.0% Black or African American, and 1.1% Asian residents, with 5.3% of the population being foreign-born.
How Rumson Ranks in New Jersey
Cost of Living in Rumson, NJ
Compared to national averages, Rumson has a median household income of $250,001 (233% above the national median of $75,149). Home values average $1,609,400, which is 557% above the national median. Monthly rent at $2,351 is 102% above the US average of $1,163. Within New Jersey, Rumson's income is 116% above the state average of $115,667, and home values are 243% above the state median of $469,644.
Why Live in Rumson, NJ?
Rumson offers a strong local economy with a median household income of $250,001, well above the national average, and a well-educated community where 77.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,609,400. However, Rumson’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Rumson has a population of 7,265 with a median age of 43.1 years. Compare Rumson with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Rumson
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Yorketown | 7,265 | $163,375 | $575,700 | Compare |
| Emerson | 7,263 | $153,963 | $626,000 | Compare |
| Wharton | 7,254 | $92,548 | $348,100 | Compare |
| Washington | 7,287 | $79,280 | $260,200 | Compare |
| Keyport | 7,159 | $79,036 | $374,800 | Compare |
| Palmyra | 7,447 | $85,014 | $216,600 | Compare |
| Barrington | 7,047 | $84,334 | $244,400 | Compare |
| Haddon Heights | 7,488 | $126,055 | $354,700 | 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 Rumson With Other Cities
Frequently Asked Questions about Rumson
What is the population of Rumson, NJ?
The population of Rumson, NJ is 7,265 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 Rumson?
The median household income in Rumson, NJ is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Rumson?
The median home value in Rumson, NJ is $1,609,400, which is 557% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Rumson?
The median monthly rent in Rumson, NJ is $2,351, which is 102% above the national average of $1,163/month.
What is the unemployment rate in Rumson?
The unemployment rate in Rumson, NJ is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Rumson, NJ a good place to live?
Rumson offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 7,265 and a median age of 43.1, the city appeals to a broad range of residents.
How educated is Rumson, NJ?
77.7% of residents in Rumson 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 Rumson?
Key cost-of-living indicators for Rumson, NJ: median home value is $1,609,400 (557% above national), median rent is $2,351/month, and median household income is $250,001. The home-value-to-income ratio is 6.4x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Rumson?
The poverty rate in Rumson, NJ is 3.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Rumson, NJ?
Rumson's population is 1.2% White, 0.2% Hispanic or Latino, 1.0% Black or African American, 1.1% Asian, and 0.1% two or more races. 5.3% of residents are foreign-born.