Living in Florham Park, New Jersey
Cost of living, income, home prices, rent and demographics of Florham Park · Census data 2020–2024
Florham Park has 13,564 residents with a median age of 40.9. The median household income is $158,696 (53% higher than the New Jersey median), the median home value is $791,400, the median rent is $3,109/month.
Florham Park at a glance
- Population
- 13,564
- Median age
- 40.9State: 40.1
- Median household income
- $158,696State: $103,556
- Median home value
- $791,400State: $454,400
- Median rent
- $3,109/moState: $1,720
- Homeowners
- 69.8%
- Bachelor's degree or higher
- 69.9%
- Average commute
- 26 min
Is Florham Park a good place to live?
Pros: Median household income 53% higher than the New Jersey median; an average commute of 26 minutes; unemployment of 5.4%; a poverty rate of 8.7%.
Cons: Home values 74% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Florham Park
Housing is the biggest part of the cost of living. In Florham Park the median home value is $791,400, 138% higher than the U.S. median. Renters pay a median of $3,109 per month, which is 28.2% of household income. Homeowners with a mortgage pay $3,627 a month in housing costs.
Florham Park median household income
The median household income in Florham Park is $158,696 and the income per person is $78,037. 8.7% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Florham Park: homes for sale and rent
- Housing units
- 5,058
- Owner-occupied
- 69.8%
- Renter-occupied
- 30.2%
- Vacant
- 7.7%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.57
Florham Park demographics
- Population
- 13,564
- Median age
- 40.9
- Under 18
- 18%
- 65 and older
- 21.2%
- Households
- 4,668
- Foreign-born
- 15.3%
- Veterans
- 2.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Florham Park ›
Education in Florham Park
69.9% of adults 25 and older in Florham Park have a bachelor's degree or higher (New Jersey: 43.6%), and 33.6% have a graduate or professional degree.
Jobs and commute in Florham Park
- Unemployment rate
- 5.4%State: 6.3%
- Average commute
- 26 minState: 31 min
- Work from home
- 30.9%
- Drive alone
- 53.6%
- Public transit
- 5.5%
- Walk to work
- 3.7%
- Homes with broadband
- 96.5%
Florham Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Florham Park | 13,564 | $158,696 | $791,400 | $3,109 |
| Madison | 16,447 | $171,471 | $943,200 | $2,253 |
| Chatham | 9,407 | $241,500 | $984,900 | $2,250 |
| East Hanover | 11,152 | $149,583 | $702,800 | $2,711 |
| Livingston | 31,488 | $229,806 | $821,100 | $2,949 |
| Whippany | 8,970 | $151,420 | $615,400 | $2,556 |
| Hanover | 14,769 | $156,956 | $629,600 | $2,813 |
| Green Village | 1,130 | $88,977 | $823,900 | $2,782 |
| Short Hills | 14,923 | $250,001 | $1,674,100 | $3,126 |
More for people moving to Florham Park
Florham Park ZIP code ›Weather and climate ›Living in Florham Park: FAQ
What is the median household income in Florham Park, NJ?
The median household income in Florham Park is $158,696, 53% 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 Florham Park?
The median home value in Florham Park is $791,400, compared with $454,400 in New Jersey.
How much is rent in Florham Park?
The median gross rent in Florham Park is $3,109 per month, about 28.2% of household income.
Is Florham Park, NJ a good place to live?
Pluses: median household income 53% higher than the New Jersey median; an average commute of 26 minutes; unemployment of 5.4%; a poverty rate of 8.7%. Minuses: home values 74% higher than the state median.
What is the median age in Florham Park?
The median age in Florham Park is 40.9 years (New Jersey: 40.1).
How long is the commute in Florham Park?
The average commute to work in Florham Park is 26 minutes; 30.9% of workers work from home.
What is the unemployment rate in Florham Park?
The unemployment rate in Florham Park is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Florham Park?
69.9% of adults in Florham Park 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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