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Peapack-Gladstone (also written as Peapack and Gladstone ) is a borough in Somerset County in the U.S. state of New Jersey. As of the 2010 Census, the borough's population was 2,582, reflecting an increase of 149 (+6.1%) from the 2,433 counted in the 2000 Census, which had in turn increased by 322 (+15.3%) from the 2,111 counted in the 1990 Census.

Peapack-Gladstone was incorporated as a borough by an act of the New Jersey Legislature on March 28, 1912, from portions of Bedminster, subject to the results of a referendum held on April 23, 1912. It is part of the New York metropolitan area, as well as the larger New York&ndash Newark&ndash Bridgeport, NY-NJ-CT-PA Combined Statistical Area and it is located within the Raritan Valley region.

Peapack is believed to have been derived from "Peapackton,” a Lenape Native American term meaning "marriage of the waters", a reference to the confluence of the Peapack Brook and Raritan River in the area. Gladstone was named in honor of William Ewart Gladstone, who served as British Prime Minister several times between 1868 and 1894. In operation until the mid-1930s, the Moses Craig lime kiln is located at the center of Peapack.

Geography

According to the United States Census Bureau, the borough had a total area of 5.80 square miles (15.03  km² ), including 5.73 square miles (14.85  km² ) of land and 0.07 square miles (0.18  km² ) of water (1.21%).

Unincorporated communities, localities and place names located partially or completely within the township include Gladstone, Peapack and Ravine Lake.

The borough borders Bedminster to the southwest, Bernardsville to the east and Far Hills to the southeast in Somerset County and Chester Township to the northwest and Mendham Township to the northeast in Morris County.

Demographics

Census 2010

The Census Bureau's 2006-2010 American Community Survey showed that (in 2010 inflation-adjusted dollars) median household income was $123,875 (with a margin of error of +/- $16,668) and the median family income was $145,333 (+/- $23,674). Males had a median income of $86,379 (+/- $16,014) versus $60,833 (+/- $16,980) for females. The per capita income for the borough was $61,841 (+/- $12,910). About none of families and 2.3% of the population were below the poverty line, including none of those under age 18 and 2.2% of those age 65 or over.

Census 2000

As of the 2000 United States Census there were 2,433 people, 840 households, and 646 families residing in the borough. The population density was 419.5 people per square mile (162.0/km² ). There were 871 housing units at an average density of 150.2 per square mile (58.0/km² ). The racial makeup of the borough was 94.45% white, 3.12% African American, 0.08% Native American, 1.23% Asian, 0.70% from other races, and 0.41% from two or more races. Hispanic or Latino of any race were 3.78% of the population.

There were 840 households, out of which 37.1% had children under the age of 18 living with them, 69.5% were married couples living together, 5.5% had a female householder with no husband present, and 23.0% were non-families. 18.1% of all households were made up of individuals, and 8.5% had someone living alone who was 65 years of age or older. The average household size was 2.71 and the average family size was 3.11.

In the borough the population was spread out, with 26.0% under the age of 18, 5.5% from 18 to 24, 30.1% from 25 to 44, 26.3% from 45 to 64, and 12.2% who were 65 years of age or older. The median age was 40 years. For every 100 females, there were 97.8 males. For every 100 females age 18 and over, there were 97.0 males.

The median income for a household in the borough was $99,499, and the median income for a family was $118,770. Males had a median income of $62,446 versus $46,500 for females. The per capita income for the borough was $56,542. About 1.9% of families and 4.2% of the population were below the poverty line, including 2.1% of those under age 18 and 4.1% of those age 65 or over.

Economy

The Peapack-Gladstone Bank was established on September 21, 1921, originally named the Peapack-Gladstone Trust Company. It operates as the local bank for the greater region, specializing in private banking and wealth management, and is publicly traded under NASDAQ with the ticker symbol PGC.

Arts and culture

Points of interest in the borough include: