Posted on

Ho-Ho-Kus Named Wealthiest Town in New Jersey: What Makes It So Special?

5 4161192523

the staff of the Ridgewood blog

Ho-Ho-Kus NJ, the Garden State is known for its diverse landscapes, from lush farmlands and scenic coastlines to bustling cities and quaint suburbs. But when it comes to wealth, one small town stands above the rest. According to recent data from the U.S. Census Bureau, Ho-Ho-Kus, a charming borough in Bergen County, has been named the wealthiest town in New Jersey.

A Small Town with Big Numbers

Ho-Ho-Kus, with a population of around 4,200, boasts a median household income of over $250,000 — an impressive 233% higher than the national median of $75,149. According to a report by Stacker, which analyzed data from the U.S. Census Bureau’s American Community Survey, Ho-Ho-Kus stands out not only for its wealth but for its nearly non-existent poverty rate. While the nationwide poverty rate sits at 12.5%, and New Jersey’s rate is 9.7%, the borough’s poverty level is 0%. Additionally, the unemployment rate is just 2%, and every resident has health insurance, making it a model of prosperity.

Hermitage Front View SM

Why Ho-Ho-Kus?

So, what sets Ho-Ho-Kus apart from other wealthy New Jersey towns? According to Stacker’s report, the town offers a “small-town getaway without sacrificing the economic benefits and amenities of a big city.” Just 20 miles from New York City, Ho-Ho-Kus is ideally located for those who want easy access to the Big Apple while enjoying the peace and quiet of suburban life. Nestled between Saddle River and Ridgewood, the borough spans just 1.7 square miles but features stately homes, a picturesque downtown, and a sense of community that’s hard to find in larger cities.

Ho-Ho-Kus also boasts some of the lowest tax rates in Bergen County and the highest bond rating for a town of its size. Its appeal has earned it accolades in the past, including being named “Best Place to Live in New Jersey” by New Jersey Monthly magazine.

Historic Charm Meets Modern Luxury

Rich in history, Ho-Ho-Kus is home to several landmarks, including the Ho-Ho-Kus Inn & Tavern, established in 1796, which once played host to former President Richard Nixon. The Hermitage, another historic site, is a museum that was visited by notable figures like George Washington and Alexander Hamilton during the Revolutionary War.

Despite its historic charm, the town is not stuck in the past. Real estate here is highly sought after, with median home prices around $1.1 million. Homes currently on the market range from $1.2 million to $3.7 million, reflecting the borough’s affluence and desirability.

Famous Faces from Ho-Ho-Kus

Ho-Ho-Kus may be small, but it’s produced its share of notable residents. Chloe Troast, a rising comedian and former cast member on Saturday Night Live, hails from the borough. Two former NFL coaches, Dan Reeves and Jim Fassel, also called Ho-Ho-Kus home while they were with the New York Giants.

Even in the world of innovation, the town has left its mark. Robert Thomas Sawyer, a longtime resident, invented the first successful gas turbine locomotive and played a key role in the development of the diesel locomotive.

A Slice of Wealthy Suburban Life

Ho-Ho-Kus may be tiny, but it’s a powerful player when it comes to wealth, history, and community. With its blend of small-town charm, proximity to New York City, and high standard of living, it’s no wonder this borough has earned its spot as New Jersey’s wealthiest town.

282111739 376283464539367 7039584262682609753 n

BUT DOES IT HAVE A JAPANESE KOI POND? https://theridgewoodblog.net/but-does-it-have-a-japanese-koi-pond/
#NJFilm,#NJFilmIndustry,#NJFilmProduction, #NJFilmmakers, #FilmedInNJ, #equitycrowdfunding,#Wefunder,#startupfunding, #venturecapital, #invest #Wefunder

One thought on “Ho-Ho-Kus Named Wealthiest Town in New Jersey: What Makes It So Special?

  1. I find this hard to believe

    2
    2
Leave a Reply

Your email address will not be published. Required fields are marked *