Peapack and Gladstone

Population: 2,547
Median household income: $184,231
Median home value: $843,400

Peapack and Gladstone, a community in Somerset County, New Jersey, has 2,547 residents. The median household income of $184,231 is above the Somerset County median ($135,960).

Between 2019 and 2023, Peapack and Gladstone's population declined 1.1% from 2,575 to 2,547, while its median home value rose 23.9% from $680,900 to $843,400.

The typical home was built around 1971. 2.4% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 2,547
Median age: 47.3 yrs
Median household income: $184,231
Median home value: $843,400
Median gross rent: $1,827
Housing units: 1,018
Homeownership rate: 76.1%
Bachelor's degree or higher: 69.4%
Unemployment rate: 1.5%

Trends

ACS 5-year · 2019–2023

Population

2,5752,547

Median household income

$124,010$184,231

Median home value

$680,900$843,400

Median gross rent

$1,526$1,827

Year	Population	Median household income	Median home value	Median gross rent
2019	2,575	$124,010	$680,900	$1,526
2020	2,582	$122,321	$727,400	$1,715
2021	2,611	$149,250	$722,600	$1,854
2022	2,561	$183,125	$826,900	$1,832
2023	2,547	$184,231	$843,400	$1,827

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

Age distribution

Under 54.2%

5 to 1716.8%

18 to 249.0%

25 to 344.7%

35 to 449.9%

45 to 5414.0%

55 to 6420.5%

65 to 7412.2%

75 and over8.8%

	Count	Share
Under 5	107	4.2%
5 to 17	428	16.8%
18 to 24	230	9.0%
25 to 34	119	4.7%
35 to 44	252	9.9%
45 to 54	356	14.0%
55 to 64	521	20.5%
65 to 74	310	12.2%
75 and over	224	8.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,132	83.7%
Black or African American	91	3.6%
American Indian & Alaska Native	0	0.0%
Asian	81	3.2%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	1	0.0%
Two or more races	52	2.0%
Hispanic or Latino (any race)	190	7.5%

Educational attainment (age 25+)

No high school diploma2.6%

High school graduate12.9%

Some college or associate's15.1%

Bachelor's degree35.0%

Graduate or professional degree34.4%

	Count	Share
No high school diploma	47	2.6%
High school graduate	230	12.9%
Some college or associate's	269	15.1%
Bachelor's degree	623	35.0%
Graduate or professional degree	613	34.4%

Commute to work

Mean travel time to work: 25 min

Drove alone55.3%

Carpooled7.3%

Public transit2.6%

Walked9.7%

Bicycle0.0%

Worked from home23.8%

Other means1.3%

How workers get to work

	Count	Share
Drove alone	701	55.3%
Carpooled	93	7.3%
Public transit	33	2.6%
Walked	123	9.7%
Bicycle	0	0.0%
Worked from home	302	23.8%
Other means	16	1.3%

Travel time

	Count	Share
Under 15 min	284	29.4%
15 to 29 min	321	33.2%
30 to 44 min	212	21.9%
45 to 59 min	76	7.9%
60+ min	73	7.6%

Households

Average household size: 2.41
Poverty rate: 2.4% (56 of 2,376)

	Count	Share
Family households	762	77.4%
Nonfamily households	222	22.6%

Housing

Median year structure built: 1971

Occupancy

	Count	Share
Occupied	984	96.7%
Vacant	34	3.3%

Tenure (of occupied units)

	Count	Share
Owner-occupied	749	76.1%
Renter-occupied	235	23.9%

1-unit, detached93.8%

1-unit, attached1.2%

2 to 4 units1.8%

5 to 19 units3.2%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	955	93.8%
1-unit, attached	12	1.2%
2 to 4 units	18	1.8%
5 to 19 units	33	3.2%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3457300
Type (LSAD): 21
Land area: 5.73 sq mi
Water area: 0.07 sq mi
Center point: 40.7158, -74.6541