These 10 Towns In NJ Have Gotten Much Richer, Data Shows

NEW JERSEY — New Jersey is the home of many of the nation's richest — with nearly 15 percent of all New Jersey households earning more than $200,000 annually. But some towns are richer than others, and certain towns are only getting wealthier.

Short Hills and Rumson consistently rank among the richest towns in the United States. According to a 2020 report, Short Hills ranked 6th with a median household income of $388,760, and Rumson ranked 12th with a median household income of $337,696.

By comparison, the median household income in New Jersey between 2018 and 2022 was $97,126 — and that's still more than $20,000 higher than the 2022 national average of $74,580, according to census data.

Meanwhile, over the past decade, many New Jersey towns have evolved, and with evolution can come growth. Perhaps the next wealthiest New Jersey town could still be on its way up the ranks.

Here are ten New Jersey towns that have seen the biggest increase in wealth in recent years.

1. Saddle River, Bergen County

2012 Median Household Income: $100,685

2022 Median Household Income: $228,750

Growth: 127 percent

2. Elk, Gloucester County

2012 Median Household Income: $66,115

2022 Median Household Income: $145,431

Growth: 120 percent

3. Sea Girt, Monmouth County

2012 Median Household Income: $102,461

2022 Median Household Income: $218,438

Growth: 113 percent

4. Woodland, Burlington County

2012 Median Household Income: $70,167

2022 Median Household Income: $148,125

Growth: 111 percent

5. Stone Harbor, Cape May County

2012 Median Household Income: $62,000

2022 Median Household Income: $130,000

Growth: 110 percent

6. Jamesburg, Middlesex County

2012 Median Household Income: $54,139

2022 Median Household Income: $112,813

Growth: 108 percent

7. Asbury Park, Monmouth County

2012 Median Household Income: $32,695

2022 Median Household Income: $63,469

Growth: 94 percent

8. Westwood, Bergen County

2012 Median Household Income: $83,726

2022 Median Household Income: $160,466

Growth: 92 percent

9. Mantoloking, Ocean County

2012 Median Household Income: $125,833

2022 Median Household Income: $240,417

Growth: 91 percent

10. Branchville, Sussex County

2012 Median Household Income: $62,679

2022 Median Household Income: $118,125

Growth: 88 percent

SEE ALSO: Wealthiest NJ Counties: Where High Earners Live Around The State