What Are the Richest Towns in New Jersey?

Some of the richest towns in New Jersey include Short Hills, Upper Saddle River, Alpine, Essex Fells and Millburn. In 2014, Time magazine named Short Hills as the richest city in the United States, as nearly 70 percent of households have a total income more than $150,000 per year.

Upper Saddle River, located in Bergen County, has a total population of approximately 8,200 people, as of 2013. Many of this town's residents are professional baseball players from New York City. Short Hills is considered a suburb of New York City, with many of its residents commuting to the city for work. Alpine, also in Bergen County, has had a great number of celebrity residents over the years, including Jay-Z, Sean "Puffy" Combs, Chris Rock, Tracy Morgan and Britney Spears, according to Weichert Realtors.

Some lists of the richest cities in New Jersey also include Tavistock, which has only five residents, as the richest in the state. This tiny municipality is rumored to have been created by members of the Tavistock Country Club so they could play golf on Sundays, states NJ Spotlight.

Two of the other richest cities are in Essex County. Millburn, a town of 20,150 residents, has its direct rail service to New York City, making it popular with residents who work in Manhattan. Essex Fells has just 2,110 residents as of 2013 and sits on about 1,000 acres. It was named after John F. Fell, one of its three founders. With the exception of the Tavistock area in Camden County, the rest of the richest cities in New Jersey are in the northern part of the state.