Living in Stanhope, New Jersey
Cost of living, income, home prices, rent and demographics of Stanhope · Census data 2020–2024
Stanhope has 3,552 residents with a median age of 39.3. The median household income is $139,205 (34% higher than the New Jersey median), the median home value is $376,700, the median rent is $1,964/month.
Stanhope at a glance
- Population
- 3,552
- Median age
- 39.3State: 40.1
- Median household income
- $139,205State: $103,556
- Median home value
- $376,700State: $454,400
- Median rent
- $1,964/moState: $1,720
- Homeowners
- 86.1%
- Bachelor's degree or higher
- 44.7%
- Average commute
- 38 min
Is Stanhope a good place to live?
Pros: Median household income 34% higher than the New Jersey median; home values 17% lower than the state median; unemployment of 3.6%; a poverty rate of 2.9%.
Cons: An average commute of 38 minutes.
The weather is best in June to September.
Cost of living in Stanhope
Housing is the biggest part of the cost of living. In Stanhope the median home value is $376,700, 13% higher than the U.S. median. Renters pay a median of $1,964 per month, which is 35.6% of household income. Homeowners with a mortgage pay $2,686 a month in housing costs.
Stanhope median household income
The median household income in Stanhope is $139,205 and the income per person is $53,409. 2.9% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Stanhope: homes for sale and rent
- Housing units
- 1,372
- Owner-occupied
- 86.1%
- Renter-occupied
- 13.9%
- Vacant
- 2.6%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.65
Stanhope demographics
- Population
- 3,552
- Median age
- 39.3
- Under 18
- 25.6%
- 65 and older
- 11.8%
- Households
- 1,336
- Foreign-born
- 12.2%
- Veterans
- 3.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Stanhope ›
Education in Stanhope
44.7% of adults 25 and older in Stanhope have a bachelor's degree or higher (New Jersey: 43.6%), and 6.4% have a graduate or professional degree.
Jobs and commute in Stanhope
- Unemployment rate
- 3.6%State: 6.3%
- Average commute
- 38 minState: 31 min
- Work from home
- 14.2%
- Drive alone
- 78.7%
- Public transit
- 1.5%
- Walk to work
- 0%
- Homes with broadband
- 94.8%
Stanhope vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Stanhope | 3,552 | $139,205 | $376,700 | $1,964 |
| Netcong | 3,659 | $83,958 | $346,100 | $1,432 |
| Port Morris | 858 | $69,067 | $410,100 | $1,470 |
| Byram Center | 2,188 | $132,857 | $366,900 | $1,526 |
| Landing | 4,737 | $128,068 | $417,400 | $1,799 |
| Ledgewood | 5,377 | $135,912 | $460,900 | $2,186 |
| Roxbury | 23,211 | $134,519 | $465,700 | $1,983 |
| Byram | 8,119 | $138,854 | $389,900 | $1,561 |
| Budd Lake | 10,650 | $114,154 | $456,100 | $1,402 |
More for people moving to Stanhope
Stanhope ZIP code ›Weather and climate ›Living in Stanhope: FAQ
What is the median household income in Stanhope, NJ?
The median household income in Stanhope is $139,205, 34% 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 Stanhope?
The median home value in Stanhope is $376,700, compared with $454,400 in New Jersey.
How much is rent in Stanhope?
The median gross rent in Stanhope is $1,964 per month, about 35.6% of household income.
Is Stanhope, NJ a good place to live?
Pluses: median household income 34% higher than the New Jersey median; home values 17% lower than the state median; unemployment of 3.6%; a poverty rate of 2.9%. Minuses: an average commute of 38 minutes.
What is the median age in Stanhope?
The median age in Stanhope is 39.3 years (New Jersey: 40.1).
How long is the commute in Stanhope?
The average commute to work in Stanhope is 38 minutes; 14.2% of workers work from home.
What is the unemployment rate in Stanhope?
The unemployment rate in Stanhope is 3.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Stanhope?
44.7% of adults in Stanhope 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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