Pennington, NJ real estate and demographic information

About Pennington

Pennington is a very small borough located in the state of New Jersey. With a population of 2,592 people and two constituent neighborhoods, Pennington is the 404th largest community in New Jersey. Pennington has a large stock of pre-World War II architecture, making it one of the older and more historic boroughs in the country.

Housing costs in Pennington are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.

Pennington is a decidedly white-collar borough, with fully 94.56% of the workforce employed in white-collar jobs, well above the national average. Overall, Pennington is a borough of professionals, managers and sales and office workers. There are especially a lot of people living in Pennington who work in management occupations (19.61%), sales jobs (11.34%) and office and administrative support (10.94%).

And if you like science, one thing you'll find is that Pennington has lots of scientists living in town - whether they be life scientists, physical scientists (like astronomers), or social scientists (like geographers!). So, if you're scientific-minded, you might like it here too.

Also of interest is that Pennington has more people living here who work in computers and math than 95% of the places in the US.

Of important note, Pennington is also a borough of artists. Pennington has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Pennington’s character.

In addition, Pennington is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.

Because of many things, Pennington is a great place for families with children to consider. First of all, many other families with children live here, making Pennington a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Pennington has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Pennington’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.

Pennington Information and Demographics

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Pennington. 72.42% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.

The per capita income in Pennington in 2010 was $56,962, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $227,848 for a family of four.

The people who call Pennington home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Pennington residents report their race to be White, followed by Black or African-American. Important ancestries of people in Pennington include German, English, Irish, Italian, Scottish and Polish.

The most common language spoken in Pennington is English.