New Providence is a somewhat small borough located in the state of New Jersey. With a population of 12,422 people and two constituent neighborhoods, New Providence is the 164th 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 92.65% 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 (17.68%), business and financial occupations (11.60%) and office and administrative support (11.07%).
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.
In addition, New Providence 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, New Providence is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, New Providence really has some of the features that families look for when choosing a good community to raise children. Is New Providence perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
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.
If knowledge is power, New Providence is a pretty powerful place. 65.20% of the adults in New Providence have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in New Providence in 2010 was $60,437, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $241,748 for a family of four.
New Providence is a somewhat 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, Polish and Russian.
In addition, New Providence has a lot of people living here who were born outside of the US (18.19%).
The languages spoken by people in New Providence are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in New Providence is English. Other important languages spoken here include Chinese, Spanish and Russian.
|NEW PROVIDENCE INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||4,441|
|NEW PROVIDENCE HOME OWNERSHIP|
|% OWNER OCCUPIED||77.00%|
|% RENTER OCCUPIED||23.00%|
|TYPE OF NEW PROVIDENCE HOMES|
|SINGLE FAMILY DETACHED||75.52%|
|ROWHOUSES AND ATTACHED HOMES||2.79%|
|SMALL APARTMENT BUILDINGS||12.11%|
|COMPLEXES OR HIGH RISE APARTMENTS||9.58%|
|SIZE OF NEW PROVIDENCE HOMES|
|5 OR MORE BEDROOMS||10.60%|
|AGE OF NEW PROVIDENCE HOMES|
|NEWER HOMES (2000 OR LATER)||2.85%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||12.45%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||76.13%|
|HISTORIC (1939 OR BEFORE)||8.56%|
|NEW PROVIDENCE REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$599,950|
|MEDIAN RENTAL PRICE||$1,624|
|HOME VALUE RANGE|
|$0 - $52,000||1.47%|
|$52,001 - $104,000||0.58%|
|$104,001 - $207,000||1.33%|
|$207,001 - $311,000||3.80%|
|$311,001 - $414,000||7.63%|
|$414,001 - $518,000||20.65%|
|$518,001 - $777,000||46.01%|
|$777,001 - $1,036,000||14.48%|
|PEOPLE OF NEW PROVIDENCE||DETAILS|
|UNDER 5 YEARS||6.48%|
|5 TO 17||19.90%|
|18 TO 24||5.40%|
|25 TO 34||7.94%|
|35 TO 54||33.99%|
|55 TO 64||11.57%|
|65 YEARS AND OVER||14.71%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||95.20%|
|MEDIAN HOUSEHOLD INCOME||$139,071|
|PER CAPITA INCOME||$60,437|
|INDIVIDUALS BELOW POVERTY LEVEL||3.59%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (16.43%)
Information Technology (6.43%)
Public Service (3.97%)
|BLACK OR AFRICAN AMERICAN||1.17%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.15%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.12%|
|SOME OTHER RACE ALONE||0.67%|
|TWO OR MORE RACES||1.22%|
|HISPANIC OR LATINO (OF ANY RACE)||4.52%|
|ETHNICITIES PRESENT||Italian (21.80%)
|LANGUAGES SPOKEN||English (79.37%)
Other Asian languages (1.86%)
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