Peapack and Gladstone is a very small borough located in the state of New Jersey. With a population of 2,594 people and just one neighborhood, Peapack and Gladstone is the 406th largest community in New Jersey.
Real Estate Prices
Peapack and Gladstone home prices are not only among the most expensive in New Jersey, but Peapack and Gladstone real estate also consistently ranks among the most expensive in America.
Occupations and Workforce
Peapack and Gladstone is a decidedly white-collar borough, with fully 95.34% of the workforce employed in white-collar jobs, well above the national average. Overall, Peapack and Gladstone is a borough of managers, professionals and sales and office workers. There are especially a lot of people living in Peapack and Gladstone who work in management occupations (25.48%), business and financial occupations (9.75%) and teaching (9.14%).
Also of interest is that Peapack and Gladstone has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Peapack and Gladstone is also a borough of artists. Peapack and Gladstone has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Peapack and Gladstone’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.70% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.
Setting & Lifestyle
In addition, Peapack and Gladstone 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.
Peapack and Gladstone is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Peapack and Gladstone’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 Peapack and Gladstone is that it can take a long time to commute to work. In Peapack and Gladstone, the average commute to work is 33.22 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the borough, so leaving the car at home and taking transit is often a viable alternative.
Even though Peapack and Gladstone 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.