Living in Andover, New Jersey
Cost of living, income, home prices, rent and demographics of Andover · Census data 2020–2024
Andover has 728 residents with a median age of 44.3. The median household income is $92,750 (10% lower than the New Jersey median), the median home value is $400,000, the median rent is $1,597/month.
Andover is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Andover at a glance
- Population
- 728
- Median age
- 44.3State: 40.1
- Median household income
- $92,750State: $103,556
- Median home value
- $400,000State: $454,400
- Median rent
- $1,597/moState: $1,720
- Homeowners
- 56.1%
- Bachelor's degree or higher
- 42.9%
- Average commute
- 41 min
Is Andover a good place to live?
Pros: Home values 12% lower than the state median; unemployment of 4.4%; a poverty rate of 4.5%.
Cons: Median household income 10% lower than the New Jersey median; an average commute of 41 minutes.
The weather is best in June to September.
Cost of living in Andover
Housing is the biggest part of the cost of living. In Andover the median home value is $400,000, 20% higher than the U.S. median. Renters pay a median of $1,597 per month, which is 33.6% of household income. Homeowners with a mortgage pay $2,469 a month in housing costs.
Andover median household income
The median household income in Andover is $92,750 and the income per person is $41,119. 4.5% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Andover: homes for sale and rent
- Housing units
- 295
- Owner-occupied
- 56.1%
- Renter-occupied
- 43.9%
- Vacant
- 8.1%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.69
Andover demographics
- Population
- 728
- Median age
- 44.3
- Under 18
- 22%
- 65 and older
- 10.9%
- Households
- 271
- Foreign-born
- 15.1%
- Veterans
- 2.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Andover ›
Education in Andover
42.9% of adults 25 and older in Andover have a bachelor's degree or higher (New Jersey: 43.6%), and 10.4% have a graduate or professional degree.
Jobs and commute in Andover
- Unemployment rate
- 4.4%State: 6.3%
- Average commute
- 41 minState: 31 min
- Work from home
- 13.6%
- Drive alone
- 74.2%
- Public transit
- 0%
- Walk to work
- 0.2%
- Homes with broadband
- 96.7%
Andover vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Andover | 728 | $92,750 | $400,000 | $1,597 |
| Byram | 8,119 | $138,854 | $389,900 | $1,561 |
| Green | 3,657 | $141,875 | $472,200 | $1,648 |
| Byram Center | 2,188 | $132,857 | $366,900 | $1,526 |
| Newton | 8,369 | $76,221 | $302,700 | $1,442 |
| Fredon | 3,281 | $142,903 | $457,600 | $1,205 |
| Hopatcong | 14,565 | $115,758 | $340,700 | $1,777 |
| Lake Mohawk | 9,508 | $149,135 | $441,700 | $1,989 |
| Stanhope | 3,552 | $139,205 | $376,700 | $1,964 |
More for people moving to Andover
Andover ZIP code ›Weather and climate ›Living in Andover: FAQ
What is the median household income in Andover, NJ?
The median household income in Andover is $92,750, 10% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Andover?
The median home value in Andover is $400,000, compared with $454,400 in New Jersey.
How much is rent in Andover?
The median gross rent in Andover is $1,597 per month, about 33.6% of household income.
Is Andover, NJ a good place to live?
Pluses: home values 12% lower than the state median; unemployment of 4.4%; a poverty rate of 4.5%. Minuses: median household income 10% lower than the New Jersey median; an average commute of 41 minutes.
What is the median age in Andover?
The median age in Andover is 44.3 years (New Jersey: 40.1).
How long is the commute in Andover?
The average commute to work in Andover is 41 minutes; 13.6% of workers work from home.
What is the unemployment rate in Andover?
The unemployment rate in Andover is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Andover?
42.9% of adults in Andover have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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