Everything You Should Know Before Moving to Peapack, NJ
Considering a move to Peapack, NJ? This quaint borough of 2,483 residents offers a peaceful, upscale lifestyle with a median home price around $765,000 and average rent for a 2-bedroom at $2,350. Crime rates are strikingly low—violent crime is just 55 per 100k—while residents enjoy highly rated schools, a high educational attainment rate, and a median household income of $152,800. Expect a scenic suburban setting, a slightly higher cost of living, and a tight-knit community, all within a beautiful, four-season climate.
Demographics - Peapack, NJ
Demographics - Peapack, NJ
Peapack is a small, close-knit community of about 2,500 residents, with a median age of 46, indicating a mature population. The town is predominantly White, with a balanced gender ratio and a modest percentage of non-English speakers, fostering a welcoming yet peaceful suburban atmosphere.
Population:
2,483
Density:
370 per sq mi
Median Age:
46.2
Gender Ratio:
95 males per 100 females
Non-English Speakers Percentage:
8.4%
Ethnic Composition
White:
89.1%
Black:
2.1%
Asian:
6.2%
Others:
2.6%
Cost Of Living
What is the average cost of living in Peapack, NJ?
Living in Peapack means enjoying an upscale lifestyle, as reflected in the high median home value of $765,000 and a cost of living index well above the national average. While housing and everyday expenses are pricier, residents benefit from quality amenities and services in a safe, attractive environment.
Median House Value:
$765,000
Gross Rent:
$2,350
Monthly Electricity Charges:
$140
Auto Insurance:
$1,900
House Owner Cost With Mortgage:
$3,050
House Owner Cost Without Mortgage:
$1,100
State Taxes:
Low:
1.4%
|
High:
10.75%
Cost Of Living Index:
146.0
Grocery:
124.0
Housing:
172.5
Utilities:
113.0
Transportation:
125.0
Health Care:
115.0
Miscellaneous:
111.0
Crime
Is Peapack, NJ a safe place to live?
Peapack is notably safe, with very low violent crime rates—just 55 incidents per 100,000 people—giving residents peace of mind. The chance of property crime is also low, making it an ideal location for families and those seeking a secure suburban setting.
Violent Crimes Per 100k:
55
Property Crimes Per 100k:
380
Crime Index:
435
Chance Of Violent Crime:
1 in 1,800
Chance Of Property Crime:
1 in 650
Weather
What is the weather like in Peapack, NJ year-round?
Peapack experiences all four seasons, with warm summers reaching 84°F and chilly winters dipping to 22°F. The area enjoys over half of its days with sunshine and receives around 48 inches of rainfall per year, creating lush, scenic surroundings.
Winter
Min:
22°F
Max:
38°F
Spring
Min:
44°F
Max:
65°F
Summer
Min:
63°F
Max:
84°F
Fall
Min:
46°F
Max:
68°F
Average Rainfall Inches:
48.2 inches
Sunny Days Percentage:
54%
Neighbors
Residents of Peapack enjoy a high quality of life, with a median household income of $152,800 and a low poverty rate of 3.2%. The community is well-educated—over two-thirds hold a bachelor's degree or higher—and most neighbors own their homes, creating a stable and affluent environment.
Median Income:
$62,000
Household Income:
$152,800
Family Income:
$172,000
Per Capita Income:
$82,300
Income Male:
$105,000
Income Female:
$92,000
Poverty Rate:
3.2%
Non English Speakers:
8.4%
Rent:
$2,350
Unemployment Rate:
3.7%
Public Transport Usage:
8.2%
Commute Time:
37.2 minutes
Education
High School or Higher:
97.1%
Bachelors or More:
67.5%
Education
How are the schools in Peapack, NJ?
Families in Peapack benefit from highly regarded local schools, including Bedwell Elementary and Bernards High, both known for favorable student-teacher ratios. The area also offers access to reputable private schools and nearby colleges, supporting a strong educational foundation for all ages.
Public Schools
Name:
Bedwell Elementary School
Street:
141 Seney Dr
Phone:
908-234-0768
Students:
530
Student Teacher Ratio:
10.5
Name:
Bernards High School
Street:
25 Olcott Ave
Phone:
908-204-1930
Students:
835
Student Teacher Ratio:
11.0
Private Schools
Name:
Gill St. Bernard’s School
Street:
St. Bernard's Rd
Phone:
908-234-1611
Students:
750
Colleges
Name:
Raritan Valley Community College
City:
Branchburg
State:
NJ
Distance:
12 miles
Students:
7,500
Name:
Drew University
City:
Madison
State:
NJ
Distance:
18 miles
Students:
2,200
Healthcare
Peapack offers excellent healthcare access, with major hospitals like Morristown Medical Center and Robert Wood Johnson University Hospital Somerset nearby. High health insurance coverage (96%) and a strong physician-to-resident ratio ensure comprehensive medical care for all residents.
Major Hospitals
Name:
Morristown Medical Center
Address:
100 Madison Ave, Morristown, NJ 07960
Phone:
(973) 971-5000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Robert Wood Johnson University Hospital Somerset
Address:
110 Rehill Ave, Somerville, NJ 08876
Phone:
(908) 685-2200
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
3.1
Health Insurance Coverage:
96.2%
Health Care Index:
78.2
Housing Market
What is the housing market like in Peapack, NJ?
The housing market in Peapack is strong, with a median home price of $765,000 and 71% homeownership, reflecting a stable and desirable real estate environment. Home values have appreciated by over 5% in the past year, making it an attractive option for buyers seeking long-term value.
Median Home Price:
$765,000
Average Rent For 2 Bedroom:
$2,350
Owner Occupied Rate:
71.7%
Rental Vacancy Rate:
4.1%
Home Appreciation Rate (1yr):
5.2%
New Construction Rate:
1.2%
Foreclosure Rate:
0.3%
DMV Information
Peapack residents are served by the New Jersey Motor Vehicle Commission, with services available in nearby Trenton and comprehensive resources accessible online. Getting licenses, registrations, and other DMV needs handled is straightforward and convenient.
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.