Hoboken, nicknamed “The Mile Square City”, is a historic, affluent, and hip city in Hudson County, New Jersey, among the most well known of New Jersey’s cities. Hoboken is an artsy city, known for being the birthplace of Frank Sinatra, where baseball was invented, where the zipper was invented, and where the first Oreo cookie was sold – quite the pedigree!
Hoboken’s odd name is derived from a Lenape tribe phrase, “Hopoghan Hackingh”, which means “Land of the Tobacco Pipe”. Before the 19th century, the area of Hoboken was sparsely populated by Dutch and English settlers, constantly being abandoned due to the difficulty of farming there and constant Amerindian raids.
Hoboken’s history begins when John Stevens, a colonel of the revolutionary Continental Army, began to develop the area as a coastal residential area for well-off residents of Manhattan. The community started off as a township, but as a mechanical college and large industrial port were developed, it eventually grew into a proper city.
During the early 20th century, many Germans moved in, although the souring of opinions on Germans during WWI caused them to leave, after which Hoboken was settled by Italians. Hoboken was in decline during the 1960s and ‘70s, but a spree of speculation during the ‘80s breathed life back into the city, and it is now something of a nucleus for hip artists in the state of New Jersey. Living in Hoboken is an experience without comparison!
Hoboken is located in Hudson County, bordering Jersey City, Union City, and New York City across the Hudson River. Hoboken’s position on the Hudson River is still a source of economic prosperity for the city, even if the industries there are not quite as big as they used to be.
Want to know where Hoboken is in relation to other cities? As previously stated, New York City is located across the Hudson River to the east, with Jersey City to the southwest, and Union City to the northwest. The distance from Hoboken, NJ to Jersey City, NJ is only 2 miles, and the distance from Hoboken, NJ to New York, NY is 9.5 miles.
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The population of Hoboken is 58,690 distributed over 1.3 miles at a population density of about 42,000 people per square mile – the fourth most densely populated community in the United States! Hoboken’s population has shrunk by 3.3% since 2020. Hoboken is located in the New York-Newark-Jersey City, NY-NJ-PA metro area, which has a population of 19,261,570 people. The median age here is 32. The median household income in Hoboken is $153,438, with 65% of the population making $100k annually or more.
79.6% of the Hoboken population has attained a bachelor’s degree or higher, which puts it in the top 15 most educated municipalities in New Jersey.
The major ethnic majority in Hoboken demographically is White, at 67%, with Hispanics coming second at 15%, as well as a small Asian demographic. 19.4% of Hoboken’s population are foreign-born, with 44% of the foreign-born population coming from Asia. Hoboken’s gender ratio is split 50/50 between men and women.
Notable people from Hoboken include a whole slew of celebrities, alive and dead. Those still living today include professional tennis player Michael Chang, TV show host Buddy Valastro, strip cartoonist Patrick McDonnell, and television personality Natalie Morales, among many others.
Thinking about moving to this wonderful city, but wondering if Hoboken, NJ is safe? While the New York metro area might have a bad reputation for crime, you won’t need to worry about that here – Hoboken is a very safe community! Hoboken’s overall crime rate is 43.9% lower than the national average, with the property crime rate being 41.1% lower than the national average and the violent crime rate being 59.9% lower.
Here’s how Hoboken compares in crime to three cities of similar size:
Compared to other cities of its size, Hoboken is usually a significantly safer community. Part of the draw of Hoboken is how development has made it significantly safer and prettier since the slump years in the ‘70s, and much of that safety is owed to Hoboken’s excellent police department. Hoboken is served in law enforcement matters by the Hoboken Police Department, with 140 enlisted officers.
The cost of living index in the New York-Newark-Jersey City, NY-NJ-PA metro area is 23.1% higher on average than other places in America, a cost of living that is actually not too significant, considering that other metro can get much more expensive, particularly on the West Coast. The Hoboken cost of living index is 160 -- 60% higher than the national average and much more expensive than most places in the NYC area.
Basic everyday costs like housing, utilities, and groceries will be higher than the national average, although this is mostly concentrated in housing costs. The average utility bill in Hoboken is $179.83 per month.
According to the Economic Policy Institute, a family will have to make, on average, $134,938 to live here.
Here are some common items you might buy, and their prices according to Numbeo:
Hoboken has a sales tax of 6.63%, an income tax of 5.5%, and an average property tax of 1.6%.
Hoboken has one of the highest rates of public transportation in the country, at 56% of the population. Most significant public transportation is routed through the Hoboken Terminal, constructed in 1907. Rail lines are primarily run by the New Jersey Transit Corporation, while NY Waterway provides ferries across the Hudson River, and the state border between New York and New Jersey. The most substantial airport in the area is the Newark Liberty International Airport.
If you choose to start living in Hoboken, excellent schools will be available in large numbers, both within the Square Mile City and nearby. Hoboken is served by the Hoboken Public Schools District, which has 33% of its schools rated “Above Average” by GreatSchools. Some of the best schools you’ll find in and around Hoboken include the Hoboken Charter School, Hoboken Dual Language Charter School, and Hoboken High. There are also plenty of options for private schools of various types.
If you or a family member are looking to get into higher education, Hoboken’s small size might limit your options within city limits, but be assured that there are plenty of options very short distances away! Also, any analysis of upper division schooling in Hoboken would be incomplete without mentioning the famous Stevens Institute of Technology, which has been around almost as long as Hoboken itself.
Hoboken’s students and reading types are primarily served by the Hoboken Public Library.
Hoboken is a humid subtropical climate, according to the Koppen scale. The New Jersey and New York City areas are infamous for that inclement East Coast weather, but there’ll be plenty of pleasant days too. You can expect lows of 25 degrees Fahrenheit during the winter months, and highs of 86 degrees Fahrenheit during the summer months. Hoboken experiences significantly more than the average amount of rainfall when compared with the rest of the United States, with 48 inches per year. Hoboken experiences just around the U.S. average for snow, at 26 inches annually. The best times to visit Hoboken, in terms of comfort rating, are June and September. The coldest month is January.
Hoboken experienced severe flooding due to Hurricane Sandy in 2012, but development afterwards has led to improved safety measures against such events. Hoboken’s coastal position means plenty of storms, so be prepared for those events.
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Hoboken is old, cultured, and has plenty of charm, so it may come as a surprise that Hoboken doesn’t really have the sort of distinctive neighborhoods Jersey and the Big Apple are so famous for. Simply put, Hoboken’s description as the “Square Mile City” is accurate, and at that size, the development of distinct sub-communities is difficult. It might be better to consider Hoboken a neighborhood of Jersey City. Regardless, there’s lots to know about real estate in the area – let us tell you more below:
It should come as little surprise to anyone that Hoboken's waterfront is among the most expensive real estate in the area, with its excellent views of Manhattan and the Hudson River. You’ll find, also unsurprisingly, that Hoboken’s more affordable is further inland. No matter where you choose to live, the city’s only a square mile, so the experience will be much the same!
Hoboken gets a 58 on Redfin’s competitiveness scale, with home sale prices on a slight trajectory upwards and a minority of homes being sold over list price. Hoboken is a market that’s perfect to get into right now, with prices lowering to more reasonable ones than those you might find in the area.
The median sale price for Hoboken homes is $820,000, which is, naturally, significantly higher than the average home price for the New York-Newark-Jersey City, NY-NJ-PA metro area ($229,800) and the entire state of New Jersey ($343,500). The number of houses sold yearly has depressed, by 35.2% year over year, with 83 homes being sold this year. The median days on the market in this area is 31 days, a number that has been decreasing regularly.
65% of Hoboken residents rent their homes, according to RentCafe, an unsurprising statistic considering the hefty prices of homes around here. The average rent in Hoboken is $3,905 monthly, also unsurprising owing to Hoboken’s affluence.
If you want to make yourself a part of any of these communities, you should check out the latest listings for homes for sale in Hoboken, NJ.
While the days of the shipping industry are long behind this city, Hoboken is absolutely filled with jobs and hiring employers – if you know where to look, you’ll have no trouble whatsoever finding a lucrative career here! According to Payscale, the most popular positions of employment are Software Engineer, Project Manager, and Senior Software Engineer. The largest employers in the area, and by extension the best places to work in Hoboken, are John Wiley and Sons, Inc., Verisk Analytics, and Stevens Institute of Technology. The average salary for a worker in Hoboken is $80k a year, while the average hourly wage is $19.81.
Hoboken might not be a shipping industry giant, but there’s more than enough opportunity for everyone here! Check out the latest listings for jobs in Hoboken, NJ here.
It should come as no surprise that there are plenty of great attractions and specialized shopping centers in Hoboken! You should check out some of the best things to do in Hoboken, NJ below:
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In Hoboken, fantastic restaurants are the norm! Take a look at some of the best restaurants in Hoboken below:
Enjoy an expansive beer garden, food trucks, and more, at this charming and idyllic Hoboken waterfront restaurant!
1301 Sinatra Dr N, Hoboken, NJ 07030, (201) 798-8065
Want to taste the lovely dishes of Latin America? The Cuban is an upscale two-story restaurant with delicious daily specials and live music.
333 Washington St, Hoboken, NJ 07030, (201) 795-9899
This classy French bistro serves all sorts of fancy dishes from the country with the most refined cuisine in the world. Bon appetit!
1001 Washington St, Hoboken, NJ 07030, (201) 798-5898
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While Hoboken does indeed hold the title of the city where the first game of baseball was ever played, it is far more an artsy city nowadays than it is a sporty one. You’ll find no big stadiums or teams here, although there are more than enough of those within just a short drive. You can find the local sports arenas and athletic areas on the Hoboken parks & recreations department website.
Want to start living in Hoboken, New Jersey? Hoboken is a cultured community with plenty to offer, but moving there all by yourself will be tough, which is why you should give Catlow Moving a call at (201) 653-1808! With our team of 5-star Hoboken movers, we’ll make your relocation a breeze! Call now or fill out our online form for a free quote!
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