Peapack and Gladstone borough, New Jersey Demographics & Population 2026

Population Overview

Peapack and Gladstone borough is a small community located in New Jersey, within Somerset County. The total population is 2,547. It ranks as the 416th most populous out of 700 cities and towns in New Jersey.

Age Demographics

The median age in Peapack and Gladstone borough is 47.3 years. This is 18% higher than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Peapack and Gladstone borough is $184,231. This is 82% higher than the state median of $101,050. Compared to the national median of $78,538, household income here is 135% higher. The poverty rate stands at 2.4%. This is 76% lower than the state poverty rate of 9.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.5%. This is 76% lower than the state rate of 6.2%. The median home value is $843,400. Housing costs are 97% higher than the state median of $427,600. The home-value-to-income ratio is 4.6x. 76.1% of occupied housing units are owner-occupied. This homeownership rate is 20% higher than the state average of 63.7%.

Race & Ethnicity

The largest racial or ethnic group in Peapack and Gladstone borough is White (non-Hispanic), making up 83.7% of the population. Hispanic or Latino residents account for 7.5%. The White (non-Hispanic) population is significantly higher than the state average (83.7% vs 51.9%). The Black or African American population (3.6%) is well below the state average of 12.3%. The Hispanic or Latino population (7.5%) is well below the state average of 21.9%. The Asian population (3.2%) is well below the state average of 9.8%.

Education

69.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 62% higher than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.4%. Notably, 34.4% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Peapack and Gladstone borough, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. 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. For official data, visit data.census.gov.