Is New Providence, New Jersey a Good Place To Live? - Living In New Providence, NJ

Is New Providence, New Jersey a good place to live?
New Providence is a city in New Jersey state in USA with a population of 13382 residents.. The poverty rate of New Providence is 1.9%, which is 86% lower than national average. The typical household in New Providence earns $149718 a year, compared to the national median of $67,500. Nearly 13.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in New Providence, only 99% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of New Providence remained 3.1%, which is 34% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In New Providence, only 71% of adults have a bachelor's degree and 15% have some college but no degree.

Cost of living in New Providence is 154, which is 54% higher than national average. Median home value in New Providence is $631000 , which is 175% higher than national average. While median income in New Providence remained $149718, which is 122% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
13382
Unemployment
3.1%
34% NAT AVG.
Poverty
1.9%
86% NAT AVG.
Overall Score
10
Median Home Cost
$631000
175% NAT AVG.
Median Income
$149718
122% NAT AVG.
Median Rent
$1784
54% NAT AVG.
Cost Of Living
154
54% NAT AVG.
People Living BPL
1 in 53
Unemployed People
1 in 32
People Earning < $10,000
1 in 63
People Earning < $50,000
13.2%
People with <= High School
1 in 7.1
People With Any Degree
1 in 1.3
Pros & Cons Overview

Jobs90%

Housing95%

Affordability80%

Safety90%

Amenities90%

Diversity80%

Education100%

Commute30%