Million dollar dreams? Unveiling the wealthiest suburbs in New Jersey. See the list

You don't have to reside in Hollywood to live the good life.

According to GoBankingrates some of the wealthiest residents across the country have a New Jersey zip code.

In its report, These Are America’s Wealthiest Suburbs, the personal finance website sourced the 2022 American Community Survey and the 2024 typical home values per city from Zillow.

The finding included data from 50 cities with 5,000 households or more with the highest average household income to which metro area they were a suburb of. All data was collected and is up to date as of June 18, 2024.

The report also suggesst the East Coast has the wealthiest suburbs with 23 cities on the list, including five in New Jersey.

Wealthiest suburbs in New Jersey

This list is the Suburb area of New York-Newark-Jersey City, New York-New Jersey according to GoBankingrate's report.

Summit, NJ

• Average household income: $291,509
• Typical home value: $1,244,244

Tenafly, NJ

• Average household income: $291,096
• Typical home value: $1,168,510

Westfield, NJ

• Average household income: $281,738
• Typical home value: $1,138,497

Ridgewood, NJ

• Average household income: $277,428
• Typical home value: $1,055,405

Princeton, NJ

• Average household income: $269,420
• Typical home value: $967,165