Peapack and Gladstone is a very small borough located in the state of New Jersey. With a population of 2,547 people and just one neighborhood, Peapack and Gladstone is the 399th largest community in New Jersey.
Peapack and Gladstone home prices are not only among the most expensive in New Jersey, but Peapack and Gladstone real estate also consistently ranks among the most expensive in America.
Peapack and Gladstone is a decidedly white-collar borough, with fully 90.21% of the workforce employed in white-collar jobs, well above the national average. Overall, Peapack and Gladstone is a borough of managers, professionals, and sales and office workers. There are especially a lot of people living in Peapack and Gladstone who work in management occupations (19.92%), sales jobs (15.72%), and business and financial occupations (11.60%).
Of important note, Peapack and Gladstone is also a borough of artists. Peapack and Gladstone has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Peapack and Gladstone’s character.
Also of interest is that Peapack and Gladstone has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 16.24% 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.
Because of many things, Peapack and Gladstone is a great place for families with children to consider. First of all, many other families with children live here, making Peapack and Gladstone a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Peapack and Gladstone has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Peapack and Gladstone’s overall crime rate is lower than average for the country.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Peapack and Gladstone. 64.74% 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 Peapack and Gladstone in 2022 was $103,719, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $414,876 for a family of four.
Peapack and Gladstone is a very ethnically-diverse borough. The people who call Peapack and Gladstone home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Peapack and Gladstone residents report their race to be White, followed by Asian. Peapack and Gladstone also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.07% of the borough’s residents. Important ancestries of people in Peapack and Gladstone include German, Irish, English, Italian, and Dutch.
Foreign born people are also an important part of Peapack and Gladstone's cultural character, accounting for 18.12% of the borough’s population.
The most common language spoken in Peapack and Gladstone is English. Other important languages spoken here include Spanish and Polish.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the neighborhood is wealthier than 97.5% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, also has one of the lowest ratings of child poverty in the nation.
More people in choose to walk to work each day (12.1%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
One way that the neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.1% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Did you know that the neighborhood has more Dutch and Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.2% of this neighborhood's residents have Dutch ancestry and 2.0% have Swiss ancestry.
is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the neighborhood in Peapack and Gladstone are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 97.5% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the neighborhood, 59.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 21.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.4%), and 7.3% in manufacturing and laborer occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the neighborhood is English, spoken by 84.8% of households. Other important languages spoken here include Spanish and Polish.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the neighborhood in Peapack and Gladstone, NJ, residents most commonly identify their ethnicity or ancestry as German (16.7%). There are also a number of people of Irish ancestry (16.3%), and residents who report English roots (15.0%), and some of the residents are also of Italian ancestry (13.0%), along with some Dutch ancestry residents (7.2%), among others. In addition, 18.1% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (31.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (61.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (12.1%) and 6.9% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.