What is the median household income in Basking Ridge, NJ?
The median household income in Basking Ridge, NJ is $188,295 (±$44,041) a year (2020–2024 American Community Survey).
Paying the median gross rent of $546 a month would take about $21,800 a year at the common guideline of spending no more than 30% of income on rent.
Figures last updated on .
- Median household income
- $188,295 (±$44,041)
- Median renter income
- $22,440 (±$10,274)
- Income to afford median rent
- about $21,800
Income in Basking Ridge against Somerset County, its state and the nation
| Basking Ridge | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $188,295 (±$44,041) | $140,374 (±$3,294) | $103,556 (±$513) | $80,734 |
| Median renter household income | $22,440 (±$10,274) | $82,470 (±$5,113) | $62,674 (±$718) | $52,966 |
| Median owner household income | $250,000 or more | $170,007 (±$3,672) | $133,477 (±$624) | $100,009 |
| Median gross rent | $546 (±$205) | $2,033 (±$52) | $1,720 (±$7) | $1,413 |
In Basking Ridge, median household income is higher than in Somerset County ($140,374).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Somerset County, Basking Ridge ranks 8 of 24 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 25 of 246.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Basking Ridge
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $546 a month ($6,552 a year) needs an income of about $21,800 a year.
The median renting household in Basking Ridge earns $22,440 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Median household income in places near Basking Ridge
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Basking Ridge | — | $188,295 (±$44,041) | — |
| Lyons | 1.8 mi | $250,000 or more | — |
| Bernardsville Borough | 2.5 mi | $236,115 (±$32,313) | Not measurably different |
| Millington | 3.1 mi | $194,306 (±$48,455) | Not measurably different |
| Liberty Corner | 3.4 mi | $241,480 (±$44,171) | Not measurably different |
| Far Hills Borough | 3.5 mi | $143,250 (±$38,289) | Not measurably different |
| Long Hill Township | 3.8 mi | $169,079 (±$28,216) | Not measurably different |
| Harding Township | 4.0 mi | $222,429 (±$54,836) | Not measurably different |
| Stirling | 4.0 mi | $180,875 (±$71,018) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Somerset County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 (tie) | Lyons | $250,000 or more |
| 3 | Liberty Corner | $241,480 (±$44,171) |
| 4 | Belle Mead | $223,250 (±$10,864) |
| 5 | Neshanic Station | $221,395 (±$33,575) |
| 6 | Bridgewater Center | $205,595 (±$19,313) |
| 7 | Martinsville | $205,000 (±$22,676) |
| 8 | Basking Ridge | $188,295 (±$44,041) |
| 9 | Bradley Gardens | $177,849 (±$17,319) |
| 10 | Green Knoll | $165,227 (±$33,580) |
| 11 | Ten Mile Run | $162,868 (±$41,679) |
| 12 | Franklin Center | $157,212 (±$42,237) |
| 13 | Middlebush | $156,938 (±$83,153) |
| 14 | The Hills | $154,564 (±$23,667) |
Showing 13 of 24 places in Somerset County, ranked from highest to lowest.
Basking Ridge is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Bernards Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Basking Ridge
What is the median household income in Basking Ridge?
The median household income in Basking Ridge is $188,295 (±$44,041) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Basking Ridge?
About $21,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $546 a month.
What do renters earn in Basking Ridge?
The median renting household in Basking Ridge, NJ earns $22,440 (±$10,274) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Basking Ridge CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Basking Ridge CDP, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Basking Ridge CDP, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Basking Ridge CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Basking Ridge CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Basking Ridge CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Basking Ridge CDP, New Jersey (place:03340, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Basking Ridge at a glance
- Median rent in Basking Ridge
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- Renters and owners in Basking Ridge
- Home values in Basking Ridge
- Homeowner costs in Basking Ridge
- Property taxes in Basking Ridge
- Types of homes in Basking Ridge
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- Age of homes in Basking Ridge
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- How long people stay in Basking Ridge
- Crowding and facilities in Basking Ridge
- New Jersey landlord and tenant rules
- Housing across Somerset County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey