Everything You Should Know Before Moving to New Vernon, NJ
Considering a move to New Vernon, NJ? This small, upscale community of about 800 residents offers tranquil suburban living with a median home price of $1,350,000 and rents around $3,100. Enjoy exceptionally low crime rates, top-tier schools, and a highly educated population, all within a scenic setting. Commute times average 35 minutes, cost of living is high, and the area boasts proximity to excellent healthcare and beautiful seasonal weather—making it ideal for those seeking luxury and peace of mind.
Demographics - New Vernon, NJ
Demographics - New Vernon, NJ
New Vernon, NJ is a close-knit community of approximately 800 residents, characterized by a mature median age of 49 and a predominantly White population. With a balanced gender ratio and about 7.5% non-English speakers, the area offers a tranquil, homogenous environment ideal for those seeking a peaceful suburban lifestyle.
Population:
800
Density:
220 per sq mi
Median Age:
49.2
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
7.5%
Ethnic Composition
White:
88.5%
Black:
1.2%
Asian:
6.0%
Others:
4.3%
Cost Of Living
What is the average cost of living in New Vernon, NJ?
Living in New Vernon comes with a high cost of living index of 170, driven by a median home value of $1,350,000 and average rents near $3,100 per month. Utilities, groceries, and transportation also trend above national averages, reflecting the area's upscale nature.
Median House Value:
$1,350,000
Gross Rent:
$3,100
Monthly Electricity Charges:
$145
Auto Insurance:
$1,950
House Owner Cost With Mortgage:
$4,100
House Owner Cost Without Mortgage:
$1,350
State Taxes:
Low:
1.4%
|
High:
10.75%
Cost Of Living Index:
170.0
Grocery:
140.0
Housing:
215.0
Utilities:
120.0
Transportation:
140.0
Health Care:
120.0
Miscellaneous:
115.0
Crime
Is New Vernon, NJ a safe place to live?
New Vernon enjoys very low crime rates, with just 42 violent crimes and 430 property crimes per 100,000 residents, making it one of the safer communities in the region. Residents enjoy a strong sense of security, with only a 1 in 2,380 chance of experiencing violent crime.
Violent Crimes Per 100k:
42
Property Crimes Per 100k:
430
Crime Index:
472
Chance Of Violent Crime:
1 in 2,380
Chance Of Property Crime:
1 in 186
Weather
What is the weather like in New Vernon, NJ year-round?
Residents experience all four seasons, from chilly winters with lows around 23°F to warm summers peaking at 84°F. The area receives roughly 49.5 inches of annual rainfall and enjoys sunshine 53% of the year, providing a pleasant and varied climate.
Winter
Min:
23°F
Max:
38°F
Spring
Min:
43°F
Max:
66°F
Summer
Min:
64°F
Max:
84°F
Fall
Min:
47°F
Max:
68°F
Average Rainfall Inches:
49.5 inches
Sunny Days Percentage:
53%
Neighbors
Households in New Vernon are affluent, with median incomes exceeding $138,000 and family incomes reaching $275,000. The community is highly educated, boasting a 98% high school graduation rate and a low poverty rate of 2.5%, fostering a prosperous and engaged neighborhood.
Median Income:
$138,000
Household Income:
$240,000
Family Income:
$275,000
Per Capita Income:
$115,000
Income Male:
$150,000
Income Female:
$120,000
Poverty Rate:
2.5%
Non English Speakers:
7.5%
Rent:
$3,100
Unemployment Rate:
2.9%
Public Transport Usage:
2.4%
Commute Time:
35.2 minutes
Education
High School or Higher:
98.0%
Bachelors or More:
72.0%
Education
How are the schools in New Vernon, NJ?
Families benefit from top-rated public schools with low student-teacher ratios and access to prestigious private institutions. Higher education is readily accessible, with Drew University and Fairleigh Dickinson University just a short drive away, supporting lifelong learning and academic achievement.
Public Schools
Name:
Harding Township School
Street:
34 Lees Hill Rd
Phone:
973-267-6398
Students:
310
Student Teacher Ratio:
7.6
Private Schools
Name:
Delbarton School
Street:
230 Mendham Rd, Morristown
Phone:
973-538-3231
Students:
600
Colleges
Name:
Drew University
City:
Madison
State:
NJ
Distance:
6 miles
Students:
2,100
Name:
Fairleigh Dickinson University – Florham Campus
City:
Madison
State:
NJ
Distance:
7 miles
Students:
2,600
Healthcare
Access to quality healthcare is excellent, with major hospitals like Morristown Medical Center and Overlook Medical Center nearby and 96.2% of residents insured. The area benefits from a high physician-to-resident ratio and a strong healthcare index, ensuring timely and comprehensive medical care.
Major Hospitals
Name:
Morristown Medical Center
Address:
100 Madison Ave, Morristown, NJ 07960
Phone:
(973) 971-5000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Overlook Medical Center
Address:
99 Beauvoir Ave, Summit, NJ 07901
Phone:
(908) 522-2000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
3.2
Health Insurance Coverage:
96.2%
Health Care Index:
80.5
Housing Market
What is the housing market like in New Vernon, NJ?
New Vernon’s housing market is dominated by owner-occupied homes, with a median price of $1,350,000 and a strong appreciation rate of 6.5% over the past year. Rental options are limited but upscale, and the area has a very low foreclosure rate, contributing to long-term stability.
Median Home Price:
$1,350,000
Average Rent For 2 Bedroom:
$3,100
Owner Occupied Rate:
96.0%
Rental Vacancy Rate:
3.1%
Home Appreciation Rate (1yr):
6.5%
New Construction Rate:
0.7%
Foreclosure Rate:
0.3%
DMV Information
Residents handle vehicle registration and licensing through the New Jersey Motor Vehicle Commission, conveniently located in Trenton with online services available. The DMV provides comprehensive support for all standard driving and registration needs.
State:
New Jersey
Department:
New Jersey Motor Vehicle Commission
Address:
225 E. State Street, Trenton, NJ 08666
Phone:
1-609-292-6500
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.