Population, Race and Ethnicity

Peapack and Gladstone is a borough in Somerset County, New Jersey, with a population of 2,566. According to the most recent estimates from the U.S. Census Bureau, 79.90% of residents identify as white, 4.50% as Black or African American, 0.00% as American Indian or Alaska Native, 1.20% as Asian, 0.00% as Native Hawaiian or other Pacific Islander, 13.30% as Hispanic or Latino, and 1.10% as some other race or combination of races.

Nationally, some 61.1% of Americans identify as white, 12.3% as Black or African American, 0.7% as American Indian or Alaska Native, 5.4% as Asian, 0.2% as Native Hawaiian or other Pacific Islander, 17.8% as Hispanic or Latino, and 2.6% as some other race or combination of races.

Ancestry

Census respondents are also asked to report ancestry. Some of the most commonly reported ancestries in Peapack and Gladstone include Irish, Italian, German, English, and American. Measured by location quotient — comparing the borough share to the national share — some of the most highly concentrated ancestries in borough are Macedonian, South African, and Egyptian.

Native and foreign-born population

An estimated 89.40% of Peapack and Gladstone residents are native-born, meaning they were born in the United States, Puerto Rico, a U.S. Island Area, or abroad to a U.S. citizen. Of the 10.60% of the population that is foreign-born, 64.30% have become naturalized U.S. citizens. Nationwide, 86.5% of Americans are native-born. And of the 13.5% of Americans who are foreign-born, 48.5% have become naturalized U.S. citizens.

Age

The population of Peapack and Gladstone is older than the United States as a whole. The median age is 40.5 years, 2.6 years more than the national median age of 37.9 years. An estimated 15.50% of the population is 65 years and over, compared to 15.2% of the U.S. population.

Family and household composition

Family and household composition also varies heavily across the United States. In Peapack and Gladstone, 59.60% of households are occupied by married-couple families, compared to the 48.3% national figure. Some 7.90% of households are occupied by single male householders, 13.80% by single female householders, and 18.70% by non-family occupants. Nationwide, 4.9% of households are occupied by single male householders, 12.6% by single female householders, and 34.3% by non-family occupants. An estimated 79.90% of heads of household own their homes, compared to the national homeownership rate of 63.8%.

Language spoken

English is by far the most commonly spoken language in New Jersey and across the U.S. as a whole. Similarly, in Peapack and Gladstone, 92.6% of local residents aged 5 and up speak English exclusively, or, if they are multilingual, speak English very well. For context, 87.9% of the 5 and older population across New Jersey only speaks English, or speak it very well, and 91.5% of the same age group nationwide do.

Marital status

Residents of Peapack and Gladstone are more likely than the typical American to be married. Of all local residents aged 15 and older, 51.8% are currently married, compared to 48.1% of Americans nationwide in the same age group. Across New Jersey as a whole, 49.4% of residents 15 and older are married.

Divorce is slightly more common in Peapack and Gladstone than it is across the U.S. as a whole. According to Census estimates, 11.7% of residents 15 and older are divorced — compared to 10.8% of the U.S. population in the same age group. In New Jersey, 8.5% of the 15 and older population is divorced.

An estimated 29% of Peapack and Gladstone residents 15 and older have never married, compared to one-third of all Americans in the same age group.

Veterans

In Peapack and Gladstone, 3.2% of the 18 and older civilian population are veterans — compared to 7.5% of adult civilians nationwide and 4.8% of the civilian population in all of New Jersey.

Educational attainment

In Peapack and Gladstone, adults are more likely to have a high school education than the typical American adult, and are also more likely to have a four-year college education. Among Peapack and Gladstone residents 25 and older, 96.50% have a high school diploma or equivalent, and 55.50% have a bachelor's degree or higher, compared to 87.7% and 31.5% of adults nationwide, respectively. Across New Jersey, 89.5% of adults have graduated high school, and 38.9 have a bachelor’s degree.

Income

The typical household in Peapack and Gladstone earns $122,198 a year, about $61,900 more than the national median of $60,293 and $42,800 more than the median household income across the state of $79,363.

Poverty

Serious financial hardship is less common in Peapack and Gladstone than it is nationwide. The local poverty rate stands at 5.60%, while the national poverty rate is 14.1%. Across the state as a whole, 10.4% of the population lives below the poverty line.

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