Reviewing the data for this article, I found that no cities in Ocean County or Burlington County made the list, and three cities in Monmouth County (Rumson, Fair Haven, and Little Silver) made the 11 Best Cities list. richest” in New Jersey.
In a recent Property Club article, they listed the top 11 “wealthiest towns” and among that list there is only one that I know of and that is Chatham, located in Morris County. We lived in Madison when I was very young and my uncle Jimmy (Dad’s brother) lived in Chatham where he ran a local coffee business, and yes if I was older I would have loved to be a part of lol. I remember Chatham as a kid and he was cute and quiet and small. Chatham made the Property Club list but I never knew as a kid he went there it was just a nice neighborhood where Uncle Jimmy lived lol
As for the “richest” in the Top 11 according to Property Club, the city of Short hills gets top marks. “Short Hills is the wealthiest city in New Jersey and one of the wealthiest in the country, with a median household income of $250,000. This places it in the top 1% of all U.S. cities when it comes to income, and many argue that it is far richer than its $250,000 price tag.”
Short Hills is known for its great schools and “high end” shopping center. According to Niche, the median home price is $1,389,900 and the median rent is $3,279. Both are well above the national average.
Here are the top 11 “wealthiest cities” in New Jersey from the Property Club:
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Just saying the names of these cities immediately conjures up images of grand mansions, luxury cars, and lavish restaurants. Read on to see which city in your home state earned the title of wealthiest locality and which locality had the highest median income in the country. Who knows, your hometown might even be on this list.
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Many of the cities included jump out to the casual observer as popular summer rental spots — Branson of the Ozarks, Missouri or Lake Havasu of Arizona — it might surprise you to dive deeper into some quality living offerings beyond the beach and vacation homes. You’ll likely gain some knowledge from a diverse range of Americana: one of the last remaining 1950s-style drive-ins in the Midwest; a Florida city that began as a retirement area for Civil War veterans; an island boasting some of the best public schools and wealth in the country right in the middle of a lake between Seattle and Bellevue; and even a California town that contains far more than Johnny Cash’s prison blues.