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: 102.1Pennington'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 SafePennington's violent crime rate is 68.6 per 100,000 residents — 82% lower than the national average of ~380 per 100,000.
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.
| Metric | Pennington, NJ |
|---|---|
| Average High — January | 39.7°F |
| Average High — July | 86.0°F |
| Annual Precipitation | 49.9" |
| Annual Snowfall | 26.6" |
Demographics
| Metric | Pennington, NJ | National Avg |
|---|---|---|
| Population | 2,780 | — |
| Median Age | 47.5 | 38.9 |
| Unemployment Rate | 2.8% | 3.7% |
| Avg Commute Time | 22.9 min | 26 min |
| White (non-Hispanic) | 85.8% | 59.3% |
| Black or African American | 1.9% | 13.6% |
| Hispanic or Latino | 3.2% | 18.9% |
| Asian | 7.6% | 6.3% |
| Under 18 | 22.7% | 22.2% |
| 65 and over | 22.3% | 16.8% |
Nearby Cities
ZIP Codes in Pennington
Pennington, NJ is covered by 1 ZIP code: