Pennington is a very small borough located in the state of New Jersey. With a population of 2,784 people and two associated neighborhoods, Pennington is the 389th 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.
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: 22.66% 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 educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
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.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Pennington. 76.18% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Pennington in 2022 was $84,590, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $338,360 for a family of four.
Pennington is a somewhat ethnically-diverse borough. 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 Asian. Important ancestries of people in Pennington include Irish, English, German, Italian, and Polish.
The most common language spoken in Pennington is English. Other important languages spoken here include Spanish and Chinese.