Living in Wharton, New Jersey
Cost of living, income, home prices, rent and demographics of Wharton · Census data 2020–2024
Wharton has 7,318 residents with a median age of 46.3. The median household income is $85,767 (17% lower than the New Jersey median), the median home value is $380,700, the median rent is $1,720/month.
Wharton at a glance
- Population
- 7,318
- Median age
- 46.3State: 40.1
- Median household income
- $85,767State: $103,556
- Median home value
- $380,700State: $454,400
- Median rent
- $1,720/moState: $1,720
- Homeowners
- 59%
- Bachelor's degree or higher
- 28.8%
- Average commute
- 32 min
Is Wharton a good place to live?
Pros: Home values 16% lower than the state median.
Cons: Median household income 17% lower than the New Jersey median; an average commute of 32 minutes; unemployment of 7.4%; a poverty rate of 15.3%.
The weather is best in June to September.
Cost of living in Wharton
Housing is the biggest part of the cost of living. In Wharton the median home value is $380,700, 14% higher than the U.S. median. Renters pay a median of $1,720 per month, which is 35.3% of household income. Homeowners with a mortgage pay $2,429 a month in housing costs.
Wharton median household income
The median household income in Wharton is $85,767 and the income per person is $42,614. 15.3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Wharton: homes for sale and rent
- Housing units
- 3,059
- Owner-occupied
- 59%
- Renter-occupied
- 41%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.39
Wharton demographics
- Population
- 7,318
- Median age
- 46.3
- Under 18
- 14.3%
- 65 and older
- 20%
- Households
- 3,059
- Foreign-born
- 25.8%
- Veterans
- 6.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Wharton ›
Education in Wharton
28.8% of adults 25 and older in Wharton have a bachelor's degree or higher (New Jersey: 43.6%), and 6.4% have a graduate or professional degree.
Jobs and commute in Wharton
- Unemployment rate
- 7.4%State: 6.3%
- Average commute
- 32 minState: 31 min
- Work from home
- 9.3%
- Drive alone
- 77.5%
- Public transit
- 2.8%
- Walk to work
- 1.9%
- Homes with broadband
- 92.4%
Wharton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wharton | 7,318 | $85,767 | $380,700 | $1,720 |
| Dover | 18,563 | $73,737 | $366,700 | $1,825 |
| Mine Hill | 4,048 | $119,583 | $434,100 | $1,771 |
| Mount Hope | 3,120 | $86,607 | $398,000 | $1,585 |
| Victory Gardens | 1,759 | $62,550 | $250,600 | $1,518 |
| Kenvil | 1,722 | $85,288 | $365,600 | $2,220 |
| Rockaway | 6,613 | $107,053 | $448,100 | $1,587 |
| White Meadow Lake | 8,842 | $149,324 | $470,800 | $2,686 |
| Mount Arlington | 5,935 | $92,264 | $422,900 | $2,392 |
More for people moving to Wharton
Wharton ZIP code ›Weather and climate ›Living in Wharton: FAQ
What is the median household income in Wharton, NJ?
The median household income in Wharton is $85,767, 17% lower 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 Wharton?
The median home value in Wharton is $380,700, compared with $454,400 in New Jersey.
How much is rent in Wharton?
The median gross rent in Wharton is $1,720 per month, about 35.3% of household income.
Is Wharton, NJ a good place to live?
Pluses: home values 16% lower than the state median. Minuses: median household income 17% lower than the New Jersey median; an average commute of 32 minutes; unemployment of 7.4%; a poverty rate of 15.3%.
What is the median age in Wharton?
The median age in Wharton is 46.3 years (New Jersey: 40.1).
How long is the commute in Wharton?
The average commute to work in Wharton is 32 minutes; 9.3% of workers work from home.
What is the unemployment rate in Wharton?
The unemployment rate in Wharton is 7.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wharton?
28.8% of adults in Wharton 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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