Pennington is a very small borough located in the state of New Jersey. With a population of 2,568 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 92.27% 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 (17.88%), teaching (12.35%), and business and financial occupations (10.98%).
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.
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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.64% 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.
Pennington 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, Pennington’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
Despite being a small borough, Pennington has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.
If knowledge is power, Pennington is a pretty powerful place. 70.98% 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 $67,129, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $268,516 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 French.