Tenafly, NJ
Population 15,252 · New Jersey
About Tenafly, NJ
Tenafly is a mid-sized city located in New Jersey with a population of 15,252 residents according to the latest US Census Bureau American Community Survey data. The median household income is $208,088 per year, which is 177% above the national median of $75,149. The median age of 42.1 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 Tenafly features a median home value of $974,300, which is 298% above the national median of $244,900. This places Tenafly in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,143, 170% above the national average of $1,163/month. Of the 5,415 total housing units, 72% are owner-occupied (3,768 units) and 28% are renter-occupied (1,454 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Tenafly shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Tenafly have an average one-way commute time of 41.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
79.2% of Tenafly 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 1.6% White, 0.2% Hispanic or Latino, 0.3% Black or African American, and 4.7% Asian residents, with 38.1% of the population being foreign-born.
How Tenafly Ranks in New Jersey
Cost of Living in Tenafly, NJ
Compared to national averages, Tenafly has a median household income of $208,088 (177% above the national median of $75,149). Home values average $974,300, which is 298% above the national median. Monthly rent at $3,143 is 170% above the US average of $1,163. Within New Jersey, Tenafly's income is 80% above the state average of $115,667, and home values are 107% above the state median of $469,644.
Why Live in Tenafly, NJ?
Tenafly offers a strong local economy with a median household income of $208,088, well above the national average, and a well-educated community where 79.2% 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 $974,300. However, Tenafly’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Tenafly has a population of 15,252 with a median age of 42.1 years. Compare Tenafly with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Tenafly
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Phillipsburg | 15,251 | $67,782 | $180,700 | Compare |
| Asbury Park | 15,239 | $71,080 | $508,800 | Compare |
| Princeton Meadows | 15,382 | $124,065 | $636,300 | Compare |
| Metuchen | 14,982 | $157,779 | $565,400 | Compare |
| Highland Park | 14,981 | $101,991 | $463,600 | Compare |
| Williamstown | 14,855 | $87,021 | $255,000 | Compare |
| Springdale | 15,672 | $179,531 | $454,200 | Compare |
| Cherry Hill Mall | 14,827 | $117,535 | $313,000 | 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 Tenafly With Other Cities
Frequently Asked Questions about Tenafly
What is the population of Tenafly, NJ?
The population of Tenafly, NJ is 15,252 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 Tenafly?
The median household income in Tenafly, NJ is $208,088 per year, which is 177% above the national median of $75,149.
What is the median home value in Tenafly?
The median home value in Tenafly, NJ is $974,300, which is 298% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tenafly?
The median monthly rent in Tenafly, NJ is $3,143, which is 170% above the national average of $1,163/month.
What is the unemployment rate in Tenafly?
The unemployment rate in Tenafly, NJ is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Tenafly, NJ a good place to live?
Tenafly offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 15,252 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Tenafly, NJ?
79.2% of residents in Tenafly 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 Tenafly?
Key cost-of-living indicators for Tenafly, NJ: median home value is $974,300 (298% above national), median rent is $3,143/month, and median household income is $208,088. The home-value-to-income ratio is 4.7x, a moderate figure by national standards.
What is the poverty rate in Tenafly?
The poverty rate in Tenafly, NJ is 3.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Tenafly, NJ?
Tenafly's population is 1.6% White, 0.2% Hispanic or Latino, 0.3% Black or African American, 4.7% Asian, and 1.2% two or more races. 38.1% of residents are foreign-born.