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Peapack and Gladstone, NJ

This is a small community in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.





Overview


Peapack and Gladstone is a very small borough located in the state of New Jersey. With a population of 2,547 people and just one neighborhood, Peapack and Gladstone is the 399th largest community in New Jersey.

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 90.21% 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 (19.92%), sales jobs (15.72%), and business and financial occupations (11.60%).

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.

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.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 16.24% 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

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 is lower than average for the country.

Demographics

Do you like to read, write and learn? If you move to Peapack and Gladstone, you'll likely find that many of your neighbors like to as well. Peapack and Gladstone is one of the more educated communities in America, with a full 64.74% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.

The per capita income in Peapack and Gladstone in 2018 was $103,719, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $414,876 for a family of four.

Peapack and Gladstone is a very ethnically-diverse borough. The people who call Peapack and Gladstone home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Peapack and Gladstone residents report their race to be White, followed by Asian. Peapack and Gladstone also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.07% of the borough’s residents. Important ancestries of people in Peapack and Gladstone include German, Irish, English, Italian, and Dutch.

In addition, Peapack and Gladstone has a lot of people living here who were born outside of the US (18.12%).

The most common language spoken in Peapack and Gladstone is English. Other important languages spoken here include Spanish and Polish.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the neighborhood is wealthier than 97.5% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, also has one of the lowest ratings of child poverty in the nation.

Modes of Transportation

In the neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 12.1% of residents here. This is a higher proportion of walking commuters than we found in 96.0% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Real Estate

One way that the neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.1% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

Diversity

Did you know that the neighborhood has more Dutch and Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.2% of this neighborhood's residents have Dutch ancestry and 2.0% have Swiss ancestry.

is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the neighborhood in Peapack and Gladstone are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 97.5% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the neighborhood, 59.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 21.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.4%), and 7.3% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the neighborhood is English, spoken by 84.8% of households. Other important languages spoken here include Spanish and Polish.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the neighborhood in Peapack and Gladstone, NJ, residents most commonly identify their ethnicity or ancestry as German (16.7%). There are also a number of people of Irish ancestry (16.3%), and residents who report English roots (15.0%), and some of the residents are also of Italian ancestry (13.0%), along with some Dutch ancestry residents (7.2%), among others. In addition, 18.1% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (31.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (61.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (12.1%) and 6.9% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
School District Enrollment
Educational Expenditures

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