Living in Chatham, New Jersey
Cost of living, income, home prices, rent and demographics of Chatham · Census data 2020–2024
Chatham has 9,407 residents with a median age of 37.8. The median household income is $241,500 (133% higher than the New Jersey median), the median home value is $984,900, the median rent is $2,250/month.
Chatham at a glance
- Population
- 9,407
- Median age
- 37.8State: 40.1
- Median household income
- $241,500State: $103,556
- Median home value
- $984,900State: $454,400
- Median rent
- $2,250/moState: $1,720
- Homeowners
- 82.5%
- Bachelor's degree or higher
- 83.7%
- Average commute
- 39 min
Is Chatham a good place to live?
Pros: Median household income 133% higher than the New Jersey median; unemployment of 5.2%; a poverty rate of 2.2%.
Cons: Home values 117% higher than the state median; an average commute of 39 minutes.
The weather is best in May–June and August–September.
Cost of living in Chatham
Housing is the biggest part of the cost of living. In Chatham the median home value is $984,900, 196% higher than the U.S. median. Renters pay a median of $2,250 per month, which is 22.2% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Chatham median household income
The median household income in Chatham is $241,500 and the income per person is $95,660. 2.2% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Chatham: homes for sale and rent
- Housing units
- 3,010
- Owner-occupied
- 82.5%
- Renter-occupied
- 17.5%
- Vacant
- 1.3%Includes seasonal homes
- Median year built
- 1951
- Average household size
- 3.15
Chatham demographics
- Population
- 9,407
- Median age
- 37.8
- Under 18
- 32.7%
- 65 and older
- 10.2%
- Households
- 2,972
- Foreign-born
- 13.7%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Chatham ›
Education in Chatham
83.7% of adults 25 and older in Chatham have a bachelor's degree or higher (New Jersey: 43.6%), and 42.1% have a graduate or professional degree.
Jobs and commute in Chatham
- Unemployment rate
- 5.2%State: 6.3%
- Average commute
- 39 minState: 31 min
- Work from home
- 36.6%
- Drive alone
- 40.7%
- Public transit
- 18%
- Walk to work
- 1.3%
- Homes with broadband
- 97.5%
Chatham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Chatham | 9,407 | $241,500 | $984,900 | $2,250 |
| Summit | 22,705 | $190,304 | $994,500 | $2,430 |
| Madison | 16,447 | $171,471 | $943,200 | $2,253 |
| Florham Park | 13,564 | $158,696 | $791,400 | $3,109 |
| Short Hills | 14,923 | $250,001 | $1,674,100 | $3,126 |
| New Providence | 13,727 | $161,599 | $769,900 | $1,903 |
| Millburn | 22,145 | $250,001 | $1,371,500 | $2,262 |
| Green Village | 1,130 | $88,977 | $823,900 | $2,782 |
| Springfield | 17,171 | $155,906 | $636,600 | $2,188 |
More for people moving to Chatham
Chatham ZIP code ›Weather and climate ›Living in Chatham: FAQ
What is the median household income in Chatham, NJ?
The median household income in Chatham is $241,500, 133% 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 Chatham?
The median home value in Chatham is $984,900, compared with $454,400 in New Jersey.
How much is rent in Chatham?
The median gross rent in Chatham is $2,250 per month, about 22.2% of household income.
Is Chatham, NJ a good place to live?
Pluses: median household income 133% higher than the New Jersey median; unemployment of 5.2%; a poverty rate of 2.2%. Minuses: home values 117% higher than the state median; an average commute of 39 minutes.
What is the median age in Chatham?
The median age in Chatham is 37.8 years (New Jersey: 40.1).
How long is the commute in Chatham?
The average commute to work in Chatham is 39 minutes; 36.6% of workers work from home.
What is the unemployment rate in Chatham?
The unemployment rate in Chatham is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Chatham?
83.7% of adults in Chatham 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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