New Providence is a somewhat small borough located in the state of New Jersey. With a population of 13,650 people and three constituent neighborhoods, New Providence is the 141st largest community in New Jersey.
New Providence home prices are not only among the most expensive in New Jersey, but New Providence real estate also consistently ranks among the most expensive in America.
New Providence is a decidedly white-collar borough, with fully 93.28% of the workforce employed in white-collar jobs, well above the national average. Overall, New Providence is a borough of professionals, managers, and sales and office workers. There are especially a lot of people living in New Providence who work in management occupations (15.47%), business and financial occupations (14.13%), and office and administrative support (9.87%).
Also of interest is that New Providence has more people living here who work in computers and math than 95% of the places in the US.
Of important note, New Providence is also a borough of artists. New Providence has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape New Providence’s character.
Telecommuters are a relatively large percentage of the workforce: 14.46% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, New Providence is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, New Providence is a great place for families with children to consider. First of all, many other families with children live here, making New Providence 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, New Providence has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, New Providence’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
One downside of living in New Providence, however, is that residents on average have to contend with a long commute, spending on average 34.93 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
Even though New Providence is a smaller borough, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in New Providence. 70.67% 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 New Providence in 2018 was $75,462, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $301,848 for a family of four.
New Providence is a very ethnically-diverse borough. The people who call New Providence home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Providence residents report their race to be White, followed by Asian. Important ancestries of people in New Providence include Italian, Irish, German, English, and Polish.
New Providence also has a high percentage of its population that was born in another country: 17.48%.
The most common language spoken in New Providence is English. Other important languages spoken here include Langs. of India and Spanish.