The median household income in Pennington, NJ in 2022 was $172,308, which was 44.1% greater than the median annual income of $96,346 across the entire state of New Jersey. Compared to the median income of $90,366 in 2000 this represents an increase of 47.6%. The per capita income in 2022 was $85,602, which means an increase of 46.4% compared to 2000 when it was $45,843.
Whole page based on the data from 2000 / 2022 when the population of Pennington, New Jersey was 2,696 / 2,758
Income statistics for all residents
Median household income in Pennington, NJ in 2022:
Pennington:
$172,308
New Jersey:
$96,346
Change in median household income between 2000 and 2022:
Pennington, New Jersey:
+90.7%
State:
+74.7%
Number of households with income < $10k:
Pennington:
2.9% (35)
New Jersey:
4.4% (155,271)
Number of households with income $10k - 20k:
Pennington:
2.5% (30)
State:
5.4% (189,888)
Number of households with income $20k - 30k:
Pennington:
1.2% (14)
State:
5.2% (183,402)
Number of households with income $30k - 40k:
Pennington:
1.6% (19)
State:
5.9% (206,969)
Number of households with income $40k - 50k:
Pennington:
2.9% (35)
State:
5.2% (184,153)
Number of households with income $50k - 60k:
Pennington:
1.5% (18)
New Jersey:
5.6% (197,270)
Number of households with income $60k - 75k:
Pennington:
7.5% (91)
State:
8.1% (284,245)
Number of households with income $75k - 100k:
Pennington:
7.7% (93)
State:
11.6% (408,272)
Number of households with income $100k - 125k:
Pennington:
9.0% (109)
State:
10.1% (354,738)
Number of households with income $125k - 150k:
Pennington:
4.6% (56)
State:
8.0% (281,341)
Number of households with income $150k - 200k:
Pennington:
18.7% (227)
State:
11.5% (404,977)
Number of households with income > $200k:
Pennington:
40.1% (487)
New Jersey:
18.9% (666,452)
Aggregate household income in Pennington in 2022: $234,725,464
Median family income in Pennington in 2022:
Pennington:
$193,482
New Jersey:
$117,988
Number of families with income < $10k:
Pennington:
0.3% (3)
State:
2.2% (53,316)
Number of families with income $20k - 30k:
Pennington:
1.1% (10)
New Jersey:
3.5% (82,889)
Number of families with income $50k - 60k:
Pennington:
0.6% (5)
State:
4.8% (114,765)
Number of families with income $60k - 75k:
Pennington:
8.7% (73)
State:
7.5% (179,372)
Number of families with income $75k - 100k:
Pennington:
6.4% (54)
New Jersey:
11.5% (274,497)
Number of families with income $100k - 125k:
Pennington:
7.0% (59)
State:
10.9% (260,033)
Number of families with income $125k - 150k:
Pennington:
6.3% (54)
State:
9.0% (214,872)
Number of families with income $150k - 200k:
Pennington:
23.0% (195)
State:
13.8% (328,605)
Number of families with income > $200k:
Pennington:
46.6% (394)
State:
24.3% (578,135)
Median non-family income in Pennington in 2022:
Pennington:
$97,037
State:
$54,589
Median per capita income in Pennington in 2022:
Pennington:
$85,602
State:
$51,272
Change in median per capita income between 2000 and 2022:
Pennington, New Jersey:
+86.7%
State:
+89.9%
Income statistics for White residents
Median household income in Pennington, NJ in 2022:
Pennington:
$173,338
State:
$105,428
Change in median household income between 2000 and 2022:
Pennington, New Jersey:
+90.1%
State:
+78.2%
Number of households with income < $10k:
Pennington:
2.6% (26)
New Jersey:
3.5% (73,676)
Number of households with income $10k - 20k:
Pennington:
2.4% (24)
New Jersey:
4.3% (90,086)
Number of households with income $20k - 30k:
Pennington:
0.4% (4)
New Jersey:
4.7% (99,511)
Number of households with income $30k - 40k:
Pennington:
1.5% (15)
New Jersey:
5.2% (109,051)
Number of households with income $40k - 50k:
Pennington:
2.7% (27)
State:
4.9% (101,931)
Number of households with income $50k - 60k:
Pennington:
1.9% (19)
New Jersey:
5.4% (112,379)
Number of households with income $60k - 75k:
Pennington:
7.7% (78)
State:
7.7% (162,379)
Number of households with income $75k - 100k:
Pennington:
8.6% (87)
New Jersey:
11.6% (242,478)
Number of households with income $100k - 125k:
Pennington:
10.7% (109)
New Jersey:
10.4% (218,622)
Number of households with income $125k - 150k:
Pennington:
5.2% (53)
State:
8.5% (177,925)
Number of households with income $150k - 200k:
Pennington:
18.3% (186)
State:
12.5% (262,429)
Number of households with income > $200k:
Pennington:
38.2% (389)
State:
21.3% (446,393)
Aggregate household income in Pennington in 2022: $198,153,000
Median family income in Pennington in 2022:
Pennington:
$203,265
State:
$133,117
Number of families with income $50k - 60k:
Pennington:
0.8% (6)
State:
4.1% (57,095)
Number of families with income $60k - 75k:
Pennington:
9.4% (66)
State:
6.7% (92,267)
Number of families with income $75k - 100k:
Pennington:
6.8% (48)
State:
11.5% (158,630)
Number of families with income $100k - 125k:
Pennington:
7.9% (56)
State:
11.5% (158,059)
Number of families with income $125k - 150k:
Pennington:
7.1% (50)
State:
9.8% (134,575)
Number of families with income $150k - 200k:
Pennington:
21.6% (152)
State:
15.5% (212,728)
Number of families with income > $200k:
Pennington:
46.4% (326)
State:
28.3% (389,541)
Median non-family income in Pennington in 2022:
Pennington:
$98,912
State:
$58,680
Median per capita income in Pennington in 2022:
Pennington:
$94,401
New Jersey:
$61,044
Change in median per capita income between 2000 and 2022:
Pennington, New Jersey:
+102.9%
State:
+101.8%
Income statistics for Black or African American residents
Aggregate household income in Pennington in 2022: $1,900,837
Median per capita income in Pennington in 2022:
Pennington:
$45,018
New Jersey:
$35,632
Change in median per capita income between 2000 and 2022:
Pennington, New Jersey:
+46.0%
State:
+104.7%
Income statistics for Asian residents
Median household income in Pennington, NJ in 2022:
Pennington:
$177,114
New Jersey:
$144,878
Number of households with income < $10k:
Pennington:
4.8% (3)
New Jersey:
3.8% (12,441)
Number of households with income $10k - 20k:
Pennington:
0.0% (0)
State:
3.1% (9,957)
Number of households with income $20k - 30k:
Pennington:
14.3% (9)
State:
3.1% (10,104)
Number of households with income $30k - 40k:
Pennington:
0.0% (0)
State:
3.6% (11,819)
Number of households with income $40k - 50k:
Pennington:
0.0% (0)
State:
2.6% (8,334)
Number of households with income $50k - 60k:
Pennington:
0.0% (0)
State:
3.6% (11,799)
Number of households with income $60k - 75k:
Pennington:
0.0% (0)
State:
5.4% (17,671)
Number of households with income $75k - 100k:
Pennington:
0.0% (0)
State:
9.0% (29,301)
Number of households with income $100k - 125k:
Pennington:
0.0% (0)
State:
9.6% (31,368)
Number of households with income $125k - 150k:
Pennington:
0.0% (0)
New Jersey:
8.1% (26,318)
Number of households with income $150k - 200k:
Pennington:
36.5% (23)
New Jersey:
14.3% (46,703)
Number of households with income > $200k:
Pennington:
44.4% (28)
New Jersey:
33.8% (110,048)
Aggregate household income in Pennington in 2022: $17,337,925
Median family income in Pennington in 2022:
Pennington:
$185,028
State:
$162,032
Number of families with income < $10k:
Pennington:
5.6% (4)
State:
1.9% (4,949)
Number of families with income $20k - 30k:
Pennington:
9.9% (6)
State:
2.5% (6,325)
Number of families with income $150k - 200k:
Pennington:
43.1% (28)
State:
16.0% (40,707)
Number of families with income > $200k:
Pennington:
41.4% (27)
New Jersey:
38.9% (99,016)
Median per capita income in Pennington in 2022:
Pennington:
$71,208
State:
$62,411
Change in median per capita income between 2000 and 2022:
Pennington, New Jersey:
+71.2%
State:
+126.3%
Income statistics for Hispanic or Latino residents
Median household income in Pennington, NJ in 2022:
Pennington:
$233,808
State:
$72,170
Number of households with income < $10k:
Pennington:
0.0% (0)
State:
4.6% (29,004)
Number of households with income $10k - 20k:
Pennington:
0.0% (0)
New Jersey:
7.9% (50,233)
Number of households with income $20k - 30k:
Pennington:
0.0% (0)
State:
6.7% (42,724)
Number of households with income $30k - 40k:
Pennington:
0.0% (0)
State:
8.3% (52,621)
Number of households with income $40k - 50k:
Pennington:
0.0% (0)
New Jersey:
6.6% (41,539)
Number of households with income $50k - 60k:
Pennington:
0.0% (0)
State:
6.9% (43,976)
Number of households with income $60k - 75k:
Pennington:
10.3% (6)
State:
10.4% (66,157)
Number of households with income $75k - 100k:
Pennington:
0.0% (0)
New Jersey:
12.7% (80,102)
Number of households with income $100k - 125k:
Pennington:
13.8% (8)
State:
10.1% (63,832)
Number of households with income $125k - 150k:
Pennington:
10.3% (6)
State:
7.6% (47,874)
Number of households with income $150k - 200k:
Pennington:
0.0% (0)
State:
8.3% (52,287)
Number of households with income > $200k:
Pennington:
65.5% (38)
State:
9.9% (62,842)
Aggregate household income in Pennington in 2022: $9,412,218
Median family income in Pennington in 2022:
Pennington:
$234,279
State:
$77,272
Number of families with income $60k - 75k:
Pennington:
12.0% (6)
State:
11.1% (52,120)
Number of families with income $100k - 125k:
Pennington:
14.6% (7)
State:
10.9% (51,355)
Number of families with income $125k - 150k:
Pennington:
13.2% (6)
State:
7.5% (35,076)
Number of families with income > $200k:
Pennington:
60.1% (28)
State:
10.9% (51,269)
Median per capita income in Pennington in 2022:
Pennington:
$71,497
New Jersey:
$30,987
Income statistics for Multirace residents
Number of households with income < $10k:
Pennington:
0.0% (0)
State:
4.4% (15,172)
Number of households with income $10k - 20k:
Pennington:
0.0% (0)
New Jersey:
7.1% (24,399)
Number of households with income $20k - 30k:
Pennington:
0.0% (0)
State:
5.8% (19,827)
Number of households with income $30k - 40k:
Pennington:
0.0% (0)
State:
6.7% (23,047)
Number of households with income $40k - 50k:
Pennington:
0.0% (0)
State:
5.9% (20,379)
Number of households with income $50k - 60k:
Pennington:
0.0% (0)
State:
5.8% (19,984)
Number of households with income $60k - 75k:
Pennington:
33.3% (7)
State:
9.4% (32,244)
Number of households with income $75k - 100k:
Pennington:
0.0% (0)
New Jersey:
12.8% (43,746)
Number of households with income $100k - 125k:
Pennington:
0.0% (0)
New Jersey:
10.4% (35,588)
Number of households with income $125k - 150k:
Pennington:
0.0% (0)
State:
7.7% (26,354)
Number of households with income $150k - 200k:
Pennington:
0.0% (0)
State:
9.9% (33,977)
Number of households with income > $200k:
Pennington:
66.7% (14)
State:
14.1% (48,377)
Aggregate household income in Pennington in 2022: $3,008,448
Median per capita income in Pennington in 2022:
Pennington:
$77,557
New Jersey:
$36,016
Income statistics for other residents
Aggregate household income in Pennington in 2022: $1,095,932
Median per capita income in Pennington in 2022:
Pennington:
$29,312
New Jersey:
$27,830
Change in median per capita income between 2000 and 2022:: -47.9%
Pennington, New Jersey:
-47.9%
State:
+117.5%
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-47.9%
+117.5%