the staff of the Ridgewood blog
Ridgewood NJ, In a recent analysis by GOBankingRates, six cities in New Jersey have been recognized as some of the safest and wealthiest places to live in 2024. The study evaluated key factors such as median household income, crime rates, cost of living, and population to identify these desirable communities. All of the towns on the list boast median household incomes exceeding $251,210, making them highly sought-after places for those seeking safety and affluence.
1. Ridgewood
With a population of 26,043, Ridgewood ranks among the top with a median household income of $277,428. Despite the high cost of living—averaging $106,217 annually—and a home value of $1,095,623, the town maintains a livability score of 88. It is also one of the safest, with a violent crime rate of 0.30 per 1,000 residents and a property crime rate of 7.63 per 1,000.
2. Westfield
Westfield is known for its blend of wealth and safety. The town has a population of 30,839 and a median household income of $281,738. Home values are higher here, averaging $1,182,660, and the annual cost of living is $111,730. Westfield boasts a violent crime rate of just 0.16 per 1,000 residents and a property crime rate of 7.61 per 1,000, alongside a livability score of 87.
3. Glen Ridge
With just 7,797 residents, Glen Ridge takes the top spot in terms of income, with a median household income of $317,792. The town’s home values average $1,162,668, and the annual cost of living is $110,868. Despite slightly higher crime rates—0.52 violent crimes per 1,000 residents and 13.91 property crimes per 1,000—Glen Ridge remains a desirable location with a livability score of 88.
4. Haddonfield
Located in southern New Jersey, Haddonfield offers a more affordable option for affluent living. With a population of 12,456 and a median household income of $264,817, Haddonfield has lower home values averaging $763,106 and the lowest cost of living on the list at $78,361 annually. The town enjoys a violent crime rate of 0.32 per 1,000 residents and a property crime rate of 12.11 per 1,000, earning a livability score of 86.
5. Summit
Summit, home to 22,555 residents, boasts a median household income of $291,509 and home values averaging $1,310,834. With the highest annual cost of living on the list at $120,134, Summit remains a top-tier destination for its livability score of 84 and low violent crime rate of 0.31 per 1,000.
6. Chatham
The smallest of the towns, Chatham has a population of 9,199 and a median household income of $307,559. The average home value is $1,260,189, and the annual cost of living is $117,603. Chatham ranks the safest with a violent crime rate of just 0.11 per 1,000 residents and a property crime rate of 7.20 per 1,000, earning it a livability score of 81.
These six towns showcase the ideal blend of affluence and safety, making them some of the most desirable places to live in New Jersey. With low crime rates and high quality of life, these communities offer a great environment for families and professionals alike.
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