Living in Little Falls, New Jersey
Cost of living, income, home prices, rent and demographics of Little Falls · Census data 2020–2024
Little Falls has 14,790 residents with a median age of 38.8. The median household income is $123,307 (19% higher than the New Jersey median), the median home value is $481,300, the median rent is $1,843/month.
Little Falls at a glance
- Population
- 14,790
- Median age
- 38.8State: 40.1
- Median household income
- $123,307State: $103,556
- Median home value
- $481,300State: $454,400
- Median rent
- $1,843/moState: $1,720
- Homeowners
- 71.2%
- Bachelor's degree or higher
- 50.8%
- Average commute
- 26 min
Is Little Falls a good place to live?
Pros: Median household income 19% higher than the New Jersey median; an average commute of 26 minutes; a poverty rate of 3%.
Cons: Home values 6% higher than the state median; unemployment of 7.2%.
The weather is best in May–June and August–September.
Cost of living in Little Falls
Housing is the biggest part of the cost of living. In Little Falls the median home value is $481,300, 45% higher than the U.S. median. Renters pay a median of $1,843 per month, which is 25.7% of household income. Homeowners with a mortgage pay $2,785 a month in housing costs.
Little Falls median household income
The median household income in Little Falls is $123,307 and the income per person is $56,719. 3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Little Falls: homes for sale and rent
- Housing units
- 5,832
- Owner-occupied
- 71.2%
- Renter-occupied
- 28.8%
- Vacant
- 5%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 2.20
Little Falls demographics
- Population
- 14,790
- Median age
- 38.8
- Under 18
- 13.1%
- 65 and older
- 14.5%
- Households
- 5,543
- Foreign-born
- 18.8%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Little Falls ›
Education in Little Falls
50.8% of adults 25 and older in Little Falls have a bachelor's degree or higher (New Jersey: 43.6%), and 18.7% have a graduate or professional degree.
Jobs and commute in Little Falls
- Unemployment rate
- 7.2%State: 6.3%
- Average commute
- 26 minState: 31 min
- Work from home
- 18.1%
- Drive alone
- 63.6%
- Public transit
- 5.8%
- Walk to work
- 6.6%
- Homes with broadband
- 94.6%
Little Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Little Falls | 14,790 | $123,307 | $481,300 | $1,843 |
| Great Notch | 4,008 | $162,101 | $580,400 | $2,070 |
| Cedar Grove | 13,475 | $151,263 | $634,000 | $1,896 |
| Singac | 4,207 | $104,519 | $427,400 | $2,073 |
| Woodland Park | 13,355 | $98,845 | $497,600 | $1,839 |
| Totowa | 10,959 | $113,563 | $559,300 | $2,072 |
| North Caldwell | 6,656 | $208,245 | $904,500 | $3,329 |
| Upper Montclair | 12,457 | $250,001 | $989,000 | $2,237 |
| Clifton | 89,379 | $98,237 | $461,900 | $1,711 |
More for people moving to Little Falls
Little Falls ZIP code ›Weather and climate ›Living in Little Falls: FAQ
What is the median household income in Little Falls, NJ?
The median household income in Little Falls is $123,307, 19% 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 Little Falls?
The median home value in Little Falls is $481,300, compared with $454,400 in New Jersey.
How much is rent in Little Falls?
The median gross rent in Little Falls is $1,843 per month, about 25.7% of household income.
Is Little Falls, NJ a good place to live?
Pluses: median household income 19% higher than the New Jersey median; an average commute of 26 minutes; a poverty rate of 3%. Minuses: home values 6% higher than the state median; unemployment of 7.2%.
What is the median age in Little Falls?
The median age in Little Falls is 38.8 years (New Jersey: 40.1).
How long is the commute in Little Falls?
The average commute to work in Little Falls is 26 minutes; 18.1% of workers work from home.
What is the unemployment rate in Little Falls?
The unemployment rate in Little Falls is 7.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Little Falls?
50.8% of adults in Little Falls 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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