Median Income
$166,957
household / year
Median Home Value
$563,000
owner-occupied
Median Rent
$1,862
gross / month
Cost of Living
102
national avg = 100

Is Pennington, NJ a Good Place to Live?

Pennington is a small town of 2,780 in New Jersey, with a median household income of $166,957 and a 2.8% unemployment rate. Its cost of living index is 102 (US average = 100), which is 2% above the national average.

Strengths: Pennington stands out for lower-than-average crime, solid school ratings (A+), a well-educated population, short average commutes.

Trade-offs: Potential downsides include high home prices. Whether Pennington is right for you depends on your priorities — the full breakdown is below.

All Pennington city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 102.1

Pennington's overall cost of living index is 102.1, where 100 represents the US national average. Living in Pennington costs roughly 2% more than the average American city.

Metric Pennington, NJ National Avg
Median Home Value $563,000 $244,900
Median Monthly Rent $1,862 $1,163
Homeownership Rate 80.8% 65.9%
Median Household Income $166,957 $74,755

Crime & Safety

Very Safe

Pennington's violent crime rate is 68.6 per 100,000 residents — 82% lower than the national average of ~380 per 100,000.

Violent Crime
68.6 /100k
Property Crime
514.2 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Pennington is served primarily by Hopewell Valley Regional School District. The student-to-teacher ratio is 9.6:1 (better than the national average of ~16:1).

Metric Pennington, NJ National Avg
School District Hopewell Valley Regional School District
Elementary Schools 4
Middle Schools 1
High Schools 1
Student/Teacher Ratio 9.6:1 16:1
Bachelor's Degree or Higher 76.2% 35.4%
High School Diploma or Higher 98.4% 91.1%

Weather & Climate

Pennington sees average highs of 39.7°F in January and 86.0°F in July, with 49.9 inches of annual precipitation and 26.6 inches of snow per year.

MetricPennington, NJ
Average High — January39.7°F
Average High — July86.0°F
Annual Precipitation49.9"
Annual Snowfall26.6"

Demographics

MetricPennington, NJNational Avg
Population2,780
Median Age47.538.9
Unemployment Rate2.8%3.7%
Avg Commute Time22.9 min26 min
White (non-Hispanic)85.8%59.3%
Black or African American1.9%13.6%
Hispanic or Latino3.2%18.9%
Asian7.6%6.3%
Under 1822.7%22.2%
65 and over22.3%16.8%

Nearby Cities

ZIP Codes in Pennington

Pennington, NJ is covered by 1 ZIP code:

Pennington vs Other Cities

Frequently Asked Questions

Pennington's cost of living index is 102, where 100 is the national average. That puts Pennington roughly 2% above the national average in cost. The median home price is $563,000 and median rent is $1,862/month.
Pennington's violent crime rate is 68.6 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 514.2 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Pennington are operated by Hopewell Valley Regional School District. The district has 4 elementary, 1 middle, and 1 high schools. The student-to-teacher ratio is 9.6:1. 76.2% of adults 25+ hold a bachelor's degree or higher.
Pennington, NJ has a population of 2,780, a median household income of $166,957, and an unemployment rate of 2.8%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Pennington averages 39.7°F in January and 86.0°F in July. Annual rainfall is 49.9 inches with about 26.6 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Pennington, NJ is covered by 1 ZIP code: 08534.
The population of Pennington, New Jersey is 2,780 with a median age of 47.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Pennington: cost of living index 102 (100 = US average), median home $563,000, median household income $166,957, crime index 21 (100 = US average, lower is safer), schools rated A+. Whether these are benefits or drawbacks depends on where you're coming from — compare Pennington side by side with your current city to see the trade-offs.