Tuesday, September 6, 2011

The Top 20 Towns in New Jersey (August 2011)

None of our Gold Coast towns are in the top 50 but Essex Fells ranked 9th & Glen Ridge is mentioned as the 7th wealthiest town but ranked at 83rd.

For most of us, there’s no place like home. Then again, the market for homes is not what it used to be. Falling home prices, rising taxes and the financial pressures facing most towns have reshaped the nation’s real estate landscape.

Of course, some towns are more susceptible than others to the latest shift. Our 2011 list of New Jersey’s Top Towns reflects that reality—with the state’s most affluent towns dominating the rankings. What’s more, the top-ranked towns in our list are generally in northern counties such as Bergen, Morris and Somerset, where much of the state’s wealth is concentrated. Conversely, the rural and southern counties—hard hit by job losses and foreclosures—fare poorly.

source: new jersey monthly

RankMunicipalityCountyPopulation, 2010
1Ho-Ho-Kus Bergen4,078
2Peapack Gladstone toneSomerset2,582
3Bernards TownshipshipSomerset26,652
4Boonton TownshipshipMorris4,263
5Rumson Monmouth7,122
6Florham Park Morris11,696
7Berkeley Heights htsUnion13,183
8Bernardsville Somerset7,707
9Essex FellsEssex2,113
9Franklin LakesBergen10,590
11Pequannock Morris15,540
12WestfieldUnion30,316
13Tewksbury Hunterdon5,993
14Fair Haven Monmouth6,121
15Chatham TownshipnshipMorris10,452
16SummitUnion21,457
17Caldwell Essex7,822
18Long Hill Morris8,702
19Bedminster Somerset8,165
20Wyckoff Bergen16,696

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