Pennington is a very small borough located in the state of New Jersey. With a population of 2,598 people and two constituent neighborhoods, Pennington is the 404th largest community in New Jersey.
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 92.67% 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 teaching (15.50%), management occupations (15.42%), and business and financial occupations (12.44%).
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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 7.33% 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.
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.
If knowledge is power, Pennington is a pretty powerful place. 69.80% of the adults in Pennington 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 Pennington in 2010 was $65,181, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $260,724 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, Italian, English, and Polish.
The most common language spoken in Pennington is English. Other important languages spoken here include Spanish and Greek.