Basking Ridge

Population: 7,882
Median household income: $200,378
Median home value: $841,700

Basking Ridge, a community in Somerset County, New Jersey, has 7,882 residents. At $200,378, its median household income sits above Somerset County's $135,960.

From 2020 to 2023, Basking Ridge's population held roughly steady from 7,913 to 7,882, while its median home value rose 15.3% from $730,000 to $841,700.

3.6% of residents live below the poverty line. Households average 2.71 people.

Demographics

ACS 2019–2023

Population: 7,882
Median age: 46.6 yrs
Median household income: $200,378
Median home value: $841,700
Median gross rent: $565
Housing units: 2,955
Homeownership rate: 84.6%
Bachelor's degree or higher: 73.6%
Unemployment rate: 6.4%

Trends

ACS 5-year · 2019–2023

Population

7,9137,882

Median household income

$166,528$200,378

Median home value

$730,000$841,700

Median gross rent

$478$565

Year	Population	Median household income	Median home value	Median gross rent
2020	7,913	$166,528	$730,000	$478
2021	8,074	$168,125	$713,700	$501
2022	7,905	$183,611	$819,200	$533
2023	7,882	$200,378	$841,700	$565

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.1%

5 to 1720.1%

18 to 2411.4%

25 to 345.0%

35 to 447.2%

45 to 5418.1%

55 to 6415.2%

65 to 748.1%

75 and over11.8%

	Count	Share
Under 5	241	3.1%
5 to 17	1,584	20.1%
18 to 24	902	11.4%
25 to 34	397	5.0%
35 to 44	567	7.2%
45 to 54	1,423	18.1%
55 to 64	1,198	15.2%
65 to 74	637	8.1%
75 and over	933	11.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	6,432	81.6%
Black or African American	21	0.3%
American Indian & Alaska Native	7	0.1%
Asian	643	8.2%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	28	0.4%
Two or more races	333	4.2%
Hispanic or Latino (any race)	418	5.3%

Educational attainment (age 25+)

No high school diploma2.3%

High school graduate8.4%

Some college or associate's15.7%

Bachelor's degree37.1%

Graduate or professional degree36.5%

	Count	Share
No high school diploma	119	2.3%
High school graduate	432	8.4%
Some college or associate's	808	15.7%
Bachelor's degree	1,915	37.1%
Graduate or professional degree	1,881	36.5%

Commute to work

Mean travel time to work: 29 min

Drove alone64.3%

Carpooled1.7%

Public transit5.8%

Walked1.3%

Bicycle0.0%

Worked from home25.7%

Other means1.3%

How workers get to work

	Count	Share
Drove alone	2,249	64.3%
Carpooled	58	1.7%
Public transit	202	5.8%
Walked	45	1.3%
Bicycle	0	0.0%
Worked from home	897	25.7%
Other means	44	1.3%

Travel time

	Count	Share
Under 15 min	643	24.7%
15 to 29 min	984	37.9%
30 to 44 min	487	18.7%
45 to 59 min	201	7.7%
60+ min	283	10.9%

Households

Average household size: 2.71
Poverty rate: 3.6% (283 of 7,882)

	Count	Share
Family households	2,079	71.7%
Nonfamily households	820	28.3%

Housing

Median year structure built: 1972

Occupancy

	Count	Share
Occupied	2,899	98.1%
Vacant	56	1.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	2,453	84.6%
Renter-occupied	446	15.4%

1-unit, detached76.9%

1-unit, attached6.7%

2 to 4 units4.7%

5 to 19 units6.8%

20 or more units4.9%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	2,271	76.9%
1-unit, attached	199	6.7%
2 to 4 units	139	4.7%
5 to 19 units	202	6.8%
20 or more units	144	4.9%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3403340
Type (LSAD): 57
Land area: 6.75 sq mi
Water area: 0.05 sq mi
Center point: 40.7065, -74.5576