Peapack and Gladstone, NJ

Census Place

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2023 Population

2,547

0.547% 1-year decline

US Senator

Cory Booker

Democratic Party

US Senator

Andy Kim

Democratic Party

2023 Median Age

47.3

5.35% 1-year increase

2023 Poverty Rate

2.36%

49.3% 1-year decrease

2023 Median Household Income

$184,231

0.604% 1-year growth

2023 Median Property Value

$843,400

2% 1-year growth

2023 Employed Population

1,268

4.36% 1-year growth

About

In 2023, Peapack and Gladstone, NJ had a population of 2.55k people with a median age of 47.3 and a median household income of $184,231. Between 2022 and 2023 the population of Peapack and Gladstone, NJ declined from 2,561 to 2,547, a −0.547% decrease and its median household income grew from $183,125 to $184,231, a 0.604% increase.

The 5 largest ethnic groups in Peapack and Gladstone, NJ are White (Non-Hispanic) (83.7%), White (Hispanic) (5.14%), Black or African American (Non-Hispanic) (3.57%), Asian (Non-Hispanic) (3.18%), and Two+ (Non-Hispanic) (2.04%).

None of the households in Peapack and Gladstone, NJ reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

95.1% of the residents in Peapack and Gladstone, NJ are U.S. citizens.

In 2023, the median property value in Peapack and Gladstone, NJ was $843,400, and the homeownership rate was 76.1%.

Most people in Peapack and Gladstone, NJ drove alone to work, and the average commute time was 25.3 minutes. The average car ownership in Peapack and Gladstone, NJ was 2 cars per household.

United States New Jersey Somerset County, NJ New York-Newark-Jersey City, NY-NJ-PA Somerset County (North & West) PUMA, NJ

Population & Diversity

Peapack and Gladstone, NJ is home to a population of 2.55k people, from which 95.1% are citizens. As of 2023, 14.9% of Peapack and Gladstone, NJ residents were born outside of the country (380 people).

In 2023, there were 16.3 times more White (Non-Hispanic) residents (2.13k people) in Peapack and Gladstone, NJ than any other race or ethnicity. There were 131 White (Hispanic) and 91 Black or African American (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

95.1%

2023 Citizenship

92%

2022 Citizenship

As of 2023, 95.1% of Peapack and Gladstone, NJ residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Peapack and Gladstone, NJ was 92%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Peapack and Gladstone, NJ compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Peapack and Gladstone, NJ

White (Non-Hispanic)
2.13k ± 183
White (Hispanic)
131 ± 130
Black or African American (Non-Hispanic)
91 ± 91

7.46%

Hispanic Population

190 people

7.46% of the people in Peapack and Gladstone, NJ are hispanic (190 people).

The following chart shows the 7 races represented in Peapack and Gladstone, NJ as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New Jersey.

Most Common Origin

India
273,669 ± 12,652 people
Dominican Republic
204,992 ± 10,992 people
Mexico
104,320 ± 7,885 people

In 2022, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 273,669 New Jersey residents, followed by Dominican Republic with 204,992 and Mexico with 104,320.

Foreign-Born Population

14.9%

2023 Foreign-Born Population

380 people

18.1%

2022 Foreign-Born Population

464 people

As of 2023, 14.9% of Peapack and Gladstone, NJ residents (380 people) were born outside of the United States, which is higher than the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Peapack and Gladstone, NJ was 18.1%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Peapack and Gladstone, NJ compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
63 ± 51
Korea
14 ± 28
Gulf War (2001-)
0 ± 24

Peapack and Gladstone, NJ has a large population of military personnel who served in Vietnam, 4.5 times greater than any other conflict.

Economy

The economy of Peapack and Gladstone, NJ employs 1.27k people. The largest industries in Peapack and Gladstone, NJ are Professional, Scientific, & Technical Services (242 people), Educational Services (131 people), and Finance & Insurance (119 people), and the highest paying industries are Real Estate & Rental & Leasing ($235,489), Construction ($175,549), and Manufacturing ($162,679).

Males in New Jersey have an average income that is 1.36 times higher than the average income of females, which is $77,965. The income inequality in New Jersey (measured using the Gini index) is 0.489, which is higher than than the national average.

Employment

Occupations

1.27k

2023 Value

± 213

4.36%

1 Year growth

± 22.8%

From 2022 to 2023, employment in Peapack and Gladstone, NJ grew at a rate of 4.36%, from 1.22k employees to 1.27k employees.

The most common job groups, by number of people living in Peapack and Gladstone, NJ, are Management Occupations (200 people), Sales & Related Occupations (192 people), and Business & Financial Operations Occupations (166 people). This chart illustrates the share breakdown of the primary jobs held by residents of Peapack and Gladstone, NJ.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for false.

This chart shows weekly unemployment insurance claims in New Jersey (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

1.27k

2023 Value

± 213

4.36%

1 Year growth

± 22.8%

From 2022 to 2023, employment in Peapack and Gladstone, NJ grew at a rate of 4.36%, from 1.22k employees to 1.27k employees.

The most common employment sectors for those who live in Peapack and Gladstone, NJ, are Professional, Scientific, & Technical Services (242 people), Educational Services (131 people), and Finance & Insurance (119 people). This chart shows the share breakdown of the primary industries for residents of Peapack and Gladstone, NJ, though some of these residents may live in Peapack and Gladstone, NJ and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$120,288

Median earning men ± $31,904

$73,750

Median earning women ± $36,775

The industries with the best median earnings for men in 2023 are Wholesale Trade ($250,001), Retail Trade ($180,625), and Construction ($175,823).

The industries with the best median earnings for women in 2023 are Finance & Insurance, & Real Estate & Rental & Leasing ($157,470), Professional, Scientific, & Management, & Administrative & Waste Management Services ($78,456), and Educational Services, & Health Care & Social Assistance ($74,643).

Employment by Industry Sector

Data is only available at the state level. Showing data for New Jersey.

Y-Axis

2.27%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 4.24M people employed in New Jersey. This represents a 2.27% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 16.5%.

The following chart shows monthly employment numbers for each industry sector in New Jersey.

Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Working Population

Educational Pyramid

Data is only available at the state level. Showing data for New Jersey.

Measure

In 2022, 1.15% of men over 25 years of age had not completed any academic degree (no schooling), while 1.13% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

Data is only available at the state level. Showing data for New Jersey.

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (1.92M), Bachelors Degree (1.77M), and Some college (1.3M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Peapack and Gladstone, NJ was $843,400 in 2023, which is 2.78 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $826,900 to $843,400, a 2% increase. The homeownership rate in Peapack and Gladstone, NJ is 76.1%, which is approximately the same as the national average of 65%.

People in Peapack and Gladstone, NJ have an average commute time of 25.3 minutes, and they drove alone to work. Car ownership in Peapack and Gladstone, NJ is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$843,400

Median Property Value 2023

±$49,688

$749

Median Property Taxes

±$135

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Peapack and Gladstone, NJ the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Peapack and Gladstone, NJ compared to it's parent and neighbor geographies.

Rent vs Own

76.1%

Homeownership

2023

56.5%

Homeowners with Mortgage

2023

In 2023, 76.1% of the housing units in Peapack and Gladstone, NJ were occupied by their owner. This percentage grew from the previous year's rate of 74.9%.

This chart shows the percentage of owner in Peapack and Gladstone, NJ compared it's parent and neighboring geographies.

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

Census Tract 528

Highest Median Household Income (Total)

The following map shows all of the places in Peapack and Gladstone, NJ colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$184,231

Median Household Income

± $39,931

984

Number of Households

± 186

In 2023, the median household income of the 984 households in Peapack and Gladstone, NJ grew to $184,231 from the previous year's value of $183,125.

The following chart displays the households in Peapack and Gladstone, NJ distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Peapack and Gladstone, NJ is from New Jersey.

0.489

2022 Wage GINI in New Jersey

0.49

2021 Wage GINI in New Jersey

In 2022, the income inequality in New Jersey was 0.489 according to the GINI calculation of the wage distribution. Income inequality had a 0.278% decline from 2021 to 2022, which means that wage distribution grew somewhat more even. The GINI for New Jersey was higher than than the national average of 0.478. In other words, wages are distributed less evenly in New Jersey in comparison to the national average.

This chart shows the number of workers in New Jersey across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2023

Drove Alone (55.3%)
Worked At Home (23.8%)
Walked (9.7%)

In 2023, 55.3% of workers in Peapack and Gladstone, NJ drove alone to work, followed by those who worked at home (23.8%) and those who walked to work (9.7%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

25.3 minutes

Average Travel Time

Using averages, employees in Peapack and Gladstone, NJ have a shorter commute time (25.3 minutes) than the normal US worker (26.6 minutes). Additionally, 2.9% of the workforce in Peapack and Gladstone, NJ have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Peapack and Gladstone, NJ compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Peapack and Gladstone, NJ distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Peapack and Gladstone, NJ have 2 cars.

Poverty

Poverty & Diversity

2.36% of the population for whom poverty status is determined in Peapack and Gladstone, NJ (56 out of 2.38k people) live below the poverty line, a number that is lower than the national average of 12.4%. The largest demographic living in poverty are Females 55 - 64, followed by Males 45 - 54 and then Females 45 - 54.

The most common racial or ethnic group living below the poverty line in Peapack and Gladstone, NJ is White, followed by Two Or More and Hispanic.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

87.5% of the population of Peapack and Gladstone, NJ has health coverage, with 49.5% on employee plans, 4.21% on Medicaid, 17.2% on Medicare, 16.7% on non-group plans, and 0% on military or VA plans.

Primary care physicians in Somerset County, NJ see 862 patients per year on average, which represents a 1.65% increase from the previous year (848 patients). Compare this to dentists who see 1038 patients per year, and mental health providers who see 342 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Somerset County, NJ.

862 to 1

Patient to Primary Care Physician Ratio in Somerset County, NJ

Primary care physicians in Somerset County, NJ see an average of 862 patients per year. This represents a 1.65% increase from the previous year (848 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Somerset County, NJ in comparison to its neighboring geographies.

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 19.1% under 18 years, 10.9% between 18 and 34 years, 47.5% between 35 and 64 years, and 22.5% over 64 years.

By gender, of the total number of insured persons, 50.3% were men and 49.7% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

12.5%

Uninsured

49.5%

Employer Coverage

4.21%

Medicaid

17.2%

Medicare

16.7%

Non-Group

Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Peapack and Gladstone, NJ declined by 7.66% from 13.5% to 12.5%.

The following chart shows how the percent of uninsured individuals in Peapack and Gladstone, NJ changed over time compared with the percent of individuals enrolled in various types of health insurance.

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