Living in New Hanover, New Jersey
Cost of living, income, home prices, rent and demographics of New Hanover · Census data 2020–2024
New Hanover has 7,231 residents with a median age of 39.2. The median household income is $107,292 (4% higher than the New Jersey median), the median home value is $360,200, the median rent is $2,985/month.
New Hanover at a glance
- Population
- 7,231
- Median age
- 39.2State: 40.1
- Median household income
- $107,292State: $103,556
- Median home value
- $360,200State: $454,400
- Median rent
- $2,985/moState: $1,720
- Homeowners
- 35.2%
- Bachelor's degree or higher
- 11.6%
- Average commute
- 13 min
Is New Hanover a good place to live?
Pros: Median household income 4% higher than the New Jersey median; home values 21% lower than the state median; an average commute of 13 minutes; unemployment of 5.8%; a poverty rate of 2.6%.
The weather is best in May–June and August–September.
Cost of living in New Hanover
Housing is the biggest part of the cost of living. In New Hanover the median home value is $360,200, 8% higher than the U.S. median. Renters pay a median of $2,985 per month, which is 30.3% of household income. Homeowners with a mortgage pay $2,298 a month in housing costs.
New Hanover median household income
The median household income in New Hanover is $107,292 and the income per person is $18,622. 2.6% of residents live below the poverty line (New Jersey: 9.7%).
Housing in New Hanover: homes for sale and rent
- Housing units
- 777
- Owner-occupied
- 35.2%
- Renter-occupied
- 64.8%
- Vacant
- 27.3%Includes seasonal homes
- Median year built
- 2002
- Average household size
- 3.10
New Hanover demographics
- Population
- 7,231
- Median age
- 39.2
- Under 18
- 8%
- 65 and older
- 5.3%
- Households
- 565
- Foreign-born
- 15.8%
- Veterans
- 4.3%Adults 18+
Hispanic or Latino can be of any race. Population history of New Hanover ›
Education in New Hanover
11.6% of adults 25 and older in New Hanover have a bachelor's degree or higher (New Jersey: 43.6%), and 3.5% have a graduate or professional degree.
Jobs and commute in New Hanover
- Unemployment rate
- 5.8%State: 6.3%
- Average commute
- 13 minState: 31 min
- Work from home
- 5.7%
- Drive alone
- 64.5%
- Public transit
- 0%
- Walk to work
- 4%
- Homes with broadband
- 96.3%
New Hanover vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Hanover | 7,231 | $107,292 | $360,200 | $2,985 |
| McGuire AFB | 4,400 | $74,071 | — | $2,541 |
| Fort Dix | 7,984 | $92,303 | — | $2,466 |
| Cookstown | 646 | $107,083 | $380,500 | — |
| Browns Mills | 9,672 | $75,867 | $231,600 | $1,220 |
| Wrightstown | 448 | $49,500 | $256,300 | $1,270 |
| New Egypt | 2,050 | $74,063 | $355,700 | $1,716 |
| Country Lake Estates | 5,055 | $127,643 | $249,100 | $1,739 |
| Juliustown | 313 | $170,895 | $577,500 | $1,462 |
More for people moving to New Hanover
New Hanover ZIP code ›Weather and climate ›Living in New Hanover: FAQ
What is the median household income in New Hanover, NJ?
The median household income in New Hanover is $107,292, 4% 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 New Hanover?
The median home value in New Hanover is $360,200, compared with $454,400 in New Jersey.
How much is rent in New Hanover?
The median gross rent in New Hanover is $2,985 per month, about 30.3% of household income.
Is New Hanover, NJ a good place to live?
Pluses: median household income 4% higher than the New Jersey median; home values 21% lower than the state median; an average commute of 13 minutes; unemployment of 5.8%; a poverty rate of 2.6%.
What is the median age in New Hanover?
The median age in New Hanover is 39.2 years (New Jersey: 40.1).
How long is the commute in New Hanover?
The average commute to work in New Hanover is 13 minutes; 5.7% of workers work from home.
What is the unemployment rate in New Hanover?
The unemployment rate in New Hanover is 5.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Hanover?
11.6% of adults in New Hanover 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.
Last updated: