Living in Boonton, New Jersey
Cost of living, income, home prices, rent and demographics of Boonton · Census data 2020–2024
Boonton has 8,854 residents with a median age of 39.5. The median household income is $114,302 (10% higher than the New Jersey median), the median home value is $495,400, the median rent is $1,849/month.
Boonton at a glance
- Population
- 8,854
- Median age
- 39.5State: 40.1
- Median household income
- $114,302State: $103,556
- Median home value
- $495,400State: $454,400
- Median rent
- $1,849/moState: $1,720
- Homeowners
- 62.1%
- Bachelor's degree or higher
- 50.1%
- Average commute
- 22 min
Is Boonton a good place to live?
Pros: Median household income 10% higher than the New Jersey median; an average commute of 22 minutes; a poverty rate of 8.1%.
Cons: Home values 9% higher than the state median; unemployment of 6.9%.
The weather is best in May–June and August–September.
Cost of living in Boonton
Housing is the biggest part of the cost of living. In Boonton the median home value is $495,400, 49% higher than the U.S. median. Renters pay a median of $1,849 per month, which is 32.5% of household income. Homeowners with a mortgage pay $3,288 a month in housing costs.
Boonton median household income
The median household income in Boonton is $114,302 and the income per person is $50,298. 8.1% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Boonton: homes for sale and rent
- Housing units
- 3,787
- Owner-occupied
- 62.1%
- Renter-occupied
- 37.9%
- Vacant
- 7.1%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 2.47
Boonton demographics
- Population
- 8,854
- Median age
- 39.5
- Under 18
- 22.9%
- 65 and older
- 15.1%
- Households
- 3,518
- Foreign-born
- 14.4%
- Veterans
- 2.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Boonton ›
Education in Boonton
50.1% of adults 25 and older in Boonton have a bachelor's degree or higher (New Jersey: 43.6%), and 16.3% have a graduate or professional degree.
Jobs and commute in Boonton
- Unemployment rate
- 6.9%State: 6.3%
- Average commute
- 22 minState: 31 min
- Work from home
- 20%
- Drive alone
- 76%
- Public transit
- 0.4%
- Walk to work
- 0.7%
- Homes with broadband
- 91.1%
Boonton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Boonton | 8,854 | $114,302 | $495,400 | $1,849 |
| Lake Hiawatha | 11,018 | $104,663 | $428,600 | $1,550 |
| Montville | 22,876 | $169,083 | $700,200 | $2,372 |
| Mountain Lakes | 4,585 | $250,001 | $917,000 | $3,501 |
| Parsippany | 21,345 | $99,405 | $555,400 | $1,742 |
| Towaco | 5,612 | $205,636 | $701,300 | $1,950 |
| Parsippany-Troy Hills | 56,397 | $112,327 | $536,200 | $1,736 |
| Rainbow Lakes | 1,375 | $93,051 | $481,800 | $2,022 |
| Troy Hills | 5,179 | $183,707 | $650,500 | $3,108 |
More for people moving to Boonton
Boonton ZIP code ›Weather and climate ›Living in Boonton: FAQ
What is the median household income in Boonton, NJ?
The median household income in Boonton is $114,302, 10% higher 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 Boonton?
The median home value in Boonton is $495,400, compared with $454,400 in New Jersey.
How much is rent in Boonton?
The median gross rent in Boonton is $1,849 per month, about 32.5% of household income.
Is Boonton, NJ a good place to live?
Pluses: median household income 10% higher than the New Jersey median; an average commute of 22 minutes; a poverty rate of 8.1%. Minuses: home values 9% higher than the state median; unemployment of 6.9%.
What is the median age in Boonton?
The median age in Boonton is 39.5 years (New Jersey: 40.1).
How long is the commute in Boonton?
The average commute to work in Boonton is 22 minutes; 20% of workers work from home.
What is the unemployment rate in Boonton?
The unemployment rate in Boonton is 6.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Boonton?
50.1% of adults in Boonton 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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