Living in Mendham, New Jersey
Cost of living, income, home prices, rent and demographics of Mendham · Census data 2020–2024
Mendham has 4,973 residents with a median age of 46.5. The median household income is $211,944 (105% higher than the New Jersey median), the median home value is $819,800, the median rent is $3,501/month.
Mendham at a glance
- Population
- 4,973
- Median age
- 46.5State: 40.1
- Median household income
- $211,944State: $103,556
- Median home value
- $819,800State: $454,400
- Median rent
- $3,501/moState: $1,720
- Homeowners
- 85.9%
- Bachelor's degree or higher
- 80.7%
- Average commute
- 35 min
Is Mendham a good place to live?
Pros: Median household income 105% higher than the New Jersey median; unemployment of 3.4%; a poverty rate of 3.5%.
Cons: Home values 80% higher than the state median; an average commute of 35 minutes.
The weather is best in May–June and August–September.
Cost of living in Mendham
Housing is the biggest part of the cost of living. In Mendham the median home value is $819,800, 146% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 27.9% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Mendham median household income
The median household income in Mendham is $211,944 and the income per person is $113,316. 3.5% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Mendham: homes for sale and rent
- Housing units
- 1,856
- Owner-occupied
- 85.9%
- Renter-occupied
- 14.1%
- Vacant
- 2.9%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.65
Mendham demographics
- Population
- 4,973
- Median age
- 46.5
- Under 18
- 23.8%
- 65 and older
- 21.1%
- Households
- 1,802
- Foreign-born
- 11.7%
- Veterans
- 2.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Mendham ›
Education in Mendham
80.7% of adults 25 and older in Mendham have a bachelor's degree or higher (New Jersey: 43.6%), and 39.9% have a graduate or professional degree.
Jobs and commute in Mendham
- Unemployment rate
- 3.4%State: 6.3%
- Average commute
- 35 minState: 31 min
- Work from home
- 33.4%
- Drive alone
- 54.6%
- Public transit
- 3.9%
- Walk to work
- 2.2%
- Homes with broadband
- 96.4%
Mendham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Mendham | 4,973 | $211,944 | $819,800 | $3,501 |
| Bernardsville | 7,916 | $236,115 | $793,800 | $2,297 |
| Brookside | 1,465 | $250,001 | $885,100 | $3,501 |
| Basking Ridge | 7,917 | $188,295 | $851,200 | $546 |
| Chester | 1,512 | $171,500 | $659,800 | $1,344 |
| Randolph | 26,604 | $175,000 | $670,700 | $1,808 |
| Peapack and Gladstone | 2,571 | $202,578 | $868,800 | $1,820 |
| Far Hills | 948 | $143,250 | $792,100 | $1,554 |
| Harding | 3,896 | $222,429 | $1,145,100 | $2,917 |
More for people moving to Mendham
Mendham ZIP code ›Weather and climate ›Living in Mendham: FAQ
What is the median household income in Mendham, NJ?
The median household income in Mendham is $211,944, 105% 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 Mendham?
The median home value in Mendham is $819,800, compared with $454,400 in New Jersey.
How much is rent in Mendham?
The median gross rent in Mendham is $3,501 per month, about 27.9% of household income.
Is Mendham, NJ a good place to live?
Pluses: median household income 105% higher than the New Jersey median; unemployment of 3.4%; a poverty rate of 3.5%. Minuses: home values 80% higher than the state median; an average commute of 35 minutes.
What is the median age in Mendham?
The median age in Mendham is 46.5 years (New Jersey: 40.1).
How long is the commute in Mendham?
The average commute to work in Mendham is 35 minutes; 33.4% of workers work from home.
What is the unemployment rate in Mendham?
The unemployment rate in Mendham is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Mendham?
80.7% of adults in Mendham 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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