The Town FilesPeapack and Gladstone, New Jersey
Borough in Somerset County · population 2,558 (2020 Census)
- Median home
- $868,800
- Household income
- $202,578
- Jan low / Jul high
- 21° / 86°
- Snow a year
- 30 in
- Tornadoes ≤10 mi since 1950
- 7
- Median age
- 44.4
Peapack and Gladstone is a borough of 2,558 people in Somerset County, New Jersey. The median home is worth $868,800, above the typical New Jersey town ($435,600). It ranks better for young professionals than 93% of New Jersey towns, better for retirees than 89% of New Jersey towns, more upscale than 87% of New Jersey towns.
How Peapack and Gladstone ranks
Percentile among New Jersey towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of New Jersey towns.
Homes and cost of living
The median home in Peapack and Gladstone is worth $868,800, above the typical New Jersey town ($435,600). Homes cost about 4.3 times the median household income of $202,578, which is more affordable than 32% of New Jersey towns. Median rent is $1,820 a month. 79.6% of households own their home.
| Housing | Peapack and Gladstone | Typical New Jersey town |
|---|---|---|
| Median home value | $868,800 | $435,600 |
| Median rent | $1,820 | $1,774 |
| Median household income | $202,578 | $111,891 |
| Home value ÷ income | 4.3× | 3.8× |
| Homeownership | 79.6% | 80.8% |
| Median year built | 1970 | 1969 |
| Seasonal / vacation homes | 4.5% | — |
Who lives in Peapack and Gladstone
| People | Peapack and Gladstone | Typical New Jersey town |
|---|---|---|
| Median age | 44.4 | 42.7 |
| Age 65 and over | 17.2% | 18.3% |
| Under 18 | 22.8% | — |
| Bachelor's degree or higher | 72.1% | 44.1% |
| Below the poverty line | 1.1% | 5.7% |
| Veterans | 4.2% | — |
| Born outside the U.S. | 17.1% | — |
| Work from home | 34.6% | 16.3% |
| Average commute | 26.9 min | 30.4 min |
| Homes with broadband | 94.2% | 94.6% |
Weather in Peapack and Gladstone
July highs average 86.2°F and January lows 20.6°F. About 45.5 inches of rain and melted snow fall a year, with 29.6 inches of snow (typical New Jersey town: 24.5 in). Expect about 23 days a year at 90°F or hotter and 124 nights at or below freezing.
Tornadoes, storms and disasters
7 tornadoes have passed within 10 miles of Peapack and Gladstone since 1950, compared with 9 for the typical New Jersey town. 2 rated (E)F2 or stronger. The strongest, an F3, struck on May 28, 1973 about 9.9 miles from the town center. The most recent was on June 26, 2023.
Hail of 1 inch or larger has been reported within 10 miles 18 times; the largest was 1.75 inches on August 17, 2003.
Severe weather in Somerset County since 1996
Somerset County has been included in 30 federal disaster or emergency declarations since 1953, most often for fire, flood, other.
| Declared | Incident | Declaration |
|---|---|---|
| September 5, 2021 | Hurricane | DR-4614: Remnants Of Hurricane Ida |
| September 2, 2021 | Hurricane | EM-3573: Remnants Of Hurricane Ida |
| March 25, 2020 | Biological | DR-4488: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3451: Covid-19 |
| June 8, 2018 | Severe Storm | DR-4368: Severe Winter Storm And Snowstorm |
Jobs and pay in Somerset County
Somerset County had 190,468 jobs in 2024, paying an average of $106,418 a year. Unemployment was 3.8% in 2023; in Peapack and Gladstone itself the ACS puts it at 3%.
Towns near Peapack and Gladstone
- Bernardsville, NJ3.4 mi · 7,893 people · home $793,800
- Bedminster, NJ3.4 mi · 8,272 people · home $448,500
- Chester, NJ4.5 mi · 7,713 people · home $790,900
- Mendham, NJ4.6 mi · 4,981 people · home $819,800
- The Hills, NJ4.6 mi · 11,410 people · home $577,000
- Basking Ridge, NJ5.1 mi · 7,196 people · home $851,200
- Bernards, NJ5.3 mi · 27,830 people · home $814,800
- Lyons, NJ6.0 mi · 5,345 people · home $1,037,400
Peapack and Gladstone questions
Is Peapack and Gladstone, New Jersey a good place to retire?
On The Town Files lifestyle rankings, Peapack and Gladstone scores better for retirees than 89% of New Jersey towns and quieter than 46%. 17.2% of residents are 65 or older (median age 44.4).
How much does a house cost in Peapack and Gladstone?
The median owner-occupied home in Peapack and Gladstone is valued at $868,800 (Census ACS 2020–2024), against a median household income of $202,578, so homes cost about 4.3 times income. Median rent is $1,820 a month.
What is the weather like in Peapack and Gladstone?
July highs average 86.2°F and January lows 20.6°F (NOAA 1991–2020 normals). It gets about 45.5 inches of precipitation a year and 29.6 inches of snow.
Does Peapack and Gladstone get tornadoes?
7 tornadoes have passed within 10 miles of Peapack and Gladstone since 1950 (NOAA Storm Events); the strongest was a F3 on May 28, 1973. The typical New Jersey town has had 9.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)