North Caldwell, NJ Profile: Facts & Data

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North Caldwell, New Jersey - Basic Facts

The Borough of North Caldwell had a population of 6,783 as of July 1, 2020.

The primary coordinate point for North Caldwell is located at latitude 40.8648 and longitude -74.2582 in Essex County. The formal boundaries for the Borough of North Caldwell encompass a land area of 3.01 sq. miles and a water area of 0 sq. miles. Essex County is in the Eastern time zone (GMT -5). The elevation is 453 feet.

The Borough of North Caldwell (GNIS ID: 878839) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


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North Caldwell, NJ Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 6,783 (100%)
Population in Households 6,783 (100.0%)
Population in Families 6,371 (93.9%)
Population in Group Quarters1 0
Population Density 2,211
Diversity Index2 31
 
 

INCOME

Median Household Income $200,001
Average Household Income $297,241
% of Income for Mortgage4 17%
Per Capita Income $100,586
Wealth Index5 480
 

HOUSING

Total HU (Housing Units) 2,334 (100%)
Owner Occupied HU 2,225 (95.3%)
Renter Occupied HU 72 ( 3.1%)
Vacant Housing Units 37 ( 1.6%)
Median Home Value $796,013
Average Home Value $847,674
Housing Affordability Index3 136
 

HOUSEHOLDS

Total Households 2,297
Average Household Size 2.95
Family Households 1,996
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.91% 0.67%
Households 0.92% 0.64%
Families 0.91% 0.64%
Median Household Income   0.0%
Per Capita Income   1.5%
Owner Occupied HU   0.67%

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North Caldwell, NJ - Peer Comparisons by Rank and Percentile

The table below compares North Caldwell to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 217 60th
Population Density # 306 44th
Median Household Income # 3 98th
Housing Affordability Index # 331 61st
Per Capita Income # 5 99th
Diversity Index # 371 32nd

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.

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