New Providence is a somewhat small borough located in the state of New Jersey. With a population of 13,519 people and three associated neighborhoods, New Providence is the 141st largest community in New Jersey.
New Providence home prices are not only among the most expensive in New Jersey, but New Providence real estate also consistently ranks among the most expensive in America.
Also of interest is that New Providence has more people living here who work in computers and math than 95% of the places in the US.
Of important note, New Providence is also a borough of artists. New Providence has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape New Providence’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 21.88% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, New Providence is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, New Providence is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, New Providence really has some of the features that families look for when choosing a good community to raise children. Is New Providence perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
One downside of living in New Providence is that it can take a long time to commute to work. In New Providence, the average commute to work is 32.94 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the borough, so leaving the car at home and taking transit is often a viable alternative.
Even though New Providence is a smaller borough, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
If knowledge is power, New Providence is a pretty powerful place. 69.62% of the adults in New Providence have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in New Providence in 2022 was $83,403, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $333,612 for a family of four.
New Providence is a very ethnically-diverse borough. The people who call New Providence home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Providence residents report their race to be White, followed by Asian. Important ancestries of people in New Providence include Irish, Italian, German, Polish, and English.
New Providence also has a high percentage of its population that was born in another country: 18.51%.
The most common language spoken in New Providence is English. Other important languages spoken here include Langs. of India and Chinese.