Basking Ridge, New Jersey Demographics & Population 2026
During the 2020–2024 ACS period, Basking Ridge, New Jersey had a total population of 7,917, the 211th largest community in New Jersey, with a median household income of $188,295, which is 82% higher than the state average. The poverty rate is 3.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 82% above the state average — one of the wealthiest communities in New Jersey.
- An exceptionally low poverty rate of 3.4% — among the lowest in New Jersey.
- 74.3% of adults hold a bachelor's degree or higher — top 10% in New Jersey.
Basking Ridge Quick Facts
How Basking Ridge Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 7,882 | 7,917 | +0.4% |
| Median household income | $200,378 | $188,295 | -6.0% |
| Median home value | $841,700 | $851,200 | +1.1% |
How Basking Ridge Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 66 | National average: 61
Education
Educational Attainment (Adults 25+)
Basking Ridge Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Somerset County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| North Plainfield | 22,809 | $87,349 | 13.2% | $374,700 |
| Somerset | 22,720 | $121,028 | 4.5% | $438,800 |
| Hillsborough | 22,585 | $144,112 | 2.7% | $435,700 |
| Bradley Gardens | 14,165 | $177,849 | 4.2% | $546,300 |
| Somerville | 13,410 | $103,760 | 5.9% | $435,700 |
| Franklin Park | 13,211 | $114,946 | 11.0% | $336,600 |
| Bound Brook | 12,219 | $90,571 | 11.1% | $397,100 |
| Martinsville | 11,559 | $205,000 | 1.4% | $720,400 |
| East Franklin | 11,070 | $115,458 | 5.9% | $385,900 |
| Manville | 10,921 | $93,333 | 11.7% | $354,300 |
Cities Similar to Basking Ridge
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Fanwood | 7,799 | $195,529 | $635,200 | 73.0% | 0.9% |
| Closter | 8,606 | $190,469 | $871,300 | 66.3% | 8.1% |
| Dayton | 7,952 | $151,902 | $496,600 | 70.5% | 2.5% |
| Bernardsville | 7,916 | $236,115 | $793,800 | 72.9% | 1.1% |
| Oradell | 8,235 | $221,322 | $737,800 | 71.8% | 3.6% |
Population Overview
Basking Ridge is a small city located in New Jersey, within Somerset County. The total population is 7,917. It ranks as the 211th most populous out of 700 Census-designated places in New Jersey.
Age Demographics
The median age in Basking Ridge is 46.7 years. This is 16% higher than the state median of 40.1 years. 11.6% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Basking Ridge is $188,295. This is 82% higher than the state median of $103,556. It is also 133% higher than the national median of $80,734. The poverty rate stands at 3.4%. This is 66% lower than the state poverty rate of 9.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 7.5%. This is 19% higher than the state rate of 6.3%. The median home value is $851,200. Housing costs are 87% higher than the state median of $454,400. The home-value-to-income ratio is 4.5x. 83.9% of occupied housing units are owner-occupied. This homeownership rate is 31% higher than the state average of 63.8%.
Race & Ethnicity
The largest racial or ethnic group in Basking Ridge is White (non-Hispanic), making up 78.6% of the population. Asian residents account for 11.3%. The White (non-Hispanic) population is significantly higher than the state average (78.6% vs 50.9%). The Hispanic or Latino population (6.2%) is well below the state average of 22.5%.
Education
74.3% of residents aged 25 and older hold a bachelor's degree or higher. This places Basking Ridge in the top 10% of all cities in the state for educational attainment. This is 70% higher than the state rate of 43.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.0%. Notably, 37.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Basking Ridge, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Basking Ridge, New Jersey?
Basking Ridge, New Jersey has a population of 7,917 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Basking Ridge, NJ?
The median household income in Basking Ridge is $188,295, which is 133% higher than the national median of $80,734.
What is the poverty rate in Basking Ridge, NJ?
The poverty rate in Basking Ridge is 3.4%. This means approximately 265 residents live below the federal poverty line.
What is the racial makeup of Basking Ridge, New Jersey?
Basking Ridge's population is 78.6% White, 0.0% Black, 6.2% Hispanic/Latino, and 11.3% Asian.
What is the median home value in Basking Ridge, NJ?
The median home value in Basking Ridge is $851,200. The home-value-to-income ratio is 4.5x.
How educated is Basking Ridge, New Jersey?
74.3% of adults (25+) in Basking Ridge hold a bachelor's degree or higher, and 37.2% hold a graduate or professional degree.