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The total population of New Providence is estimated to be 13,595 with 6,864 males (50.49%) and 6,731 females (49.51%). There are 133 less females than males in New Providence.
The median household income in New Providence was $167,941 in 2021, which marked an a decrease of 1,711(1.01%) from $169,652 in 2020. This income is 225.10% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, New Providence sees its highest median household income among householders in the age group of 45 to 64 years old, at $228,416. Overall, the median household income for the borough of New Providence stands at $167,941.
In New Providence, the median income for all workers aged 15 years and older, regardless of work hours, was $107,161 for males and $52,056 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $149,544 for males and $97,789 for females.
In New Providence, there are just three different racial groups among households. Among these, White households report a median household income of $179,621, followed by Asian households at $148,902, and Two or More Races households with a median household income of $73,580.
In 2022, the population of New Providence was 13,519, a 0.88% decrease year-by-year from 2021. Previously, in 2021, New Providence's population was 13,639, a decline of 0.31% compared to a population of 13,681 in 2020.
The median age in New Providence, NJ is 43.3, as per 2021 ACS 5-Year Estimates. Of the total population, 22.11% were under the age of 15, 12.39% aged 15 to 29, 45.90% aged 30 to 64, 16.99% aged 65 to 84, and 2.61% were 85 years of age and older.
Racial distribution of New Providence population: 75.08% are White, 0.87% are Black or African American, 15.20% are Asian, 0.04% are Native Hawaiian and other Pacific Islander, 0.17% are some other race and 8.64% are multiracial.