Living in Whippany, New Jersey
Cost of living, income, home prices, rent and demographics of Whippany · Census data 2020–2024
Whippany has 8,970 residents with a median age of 49.7. The median household income is $151,420 (46% higher than the New Jersey median), the median home value is $615,400, the median rent is $2,556/month.
Whippany at a glance
- Population
- 8,970
- Median age
- 49.7State: 40.1
- Median household income
- $151,420State: $103,556
- Median home value
- $615,400State: $454,400
- Median rent
- $2,556/moState: $1,720
- Homeowners
- 87.3%
- Bachelor's degree or higher
- 55.4%
- Average commute
- 25 min
Is Whippany a good place to live?
Pros: Median household income 46% higher than the New Jersey median; an average commute of 25 minutes; unemployment of 3.7%; a poverty rate of 3.9%.
Cons: Home values 35% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Whippany
Housing is the biggest part of the cost of living. In Whippany the median home value is $615,400, 85% higher than the U.S. median. Renters pay a median of $2,556 per month, which is 33.1% of household income. Homeowners with a mortgage pay $2,988 a month in housing costs.
Whippany median household income
The median household income in Whippany is $151,420 and the income per person is $75,834. 3.9% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Whippany: homes for sale and rent
- Housing units
- 3,745
- Owner-occupied
- 87.3%
- Renter-occupied
- 12.7%
- Vacant
- 1.2%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.39
Whippany demographics
- Population
- 8,970
- Median age
- 49.7
- Under 18
- 17.5%
- 65 and older
- 19.3%
- Households
- 3,701
- Foreign-born
- 20.4%
- Veterans
- 2.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Whippany ›
Education in Whippany
55.4% of adults 25 and older in Whippany have a bachelor's degree or higher (New Jersey: 43.6%), and 25.6% have a graduate or professional degree.
Jobs and commute in Whippany
- Unemployment rate
- 3.7%State: 6.3%
- Average commute
- 25 minState: 31 min
- Work from home
- 21.2%
- Drive alone
- 73.1%
- Public transit
- 1.3%
- Walk to work
- 0.2%
- Homes with broadband
- 96.1%
Whippany vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Whippany | 8,970 | $151,420 | $615,400 | $2,556 |
| Hanover | 14,769 | $156,956 | $629,600 | $2,813 |
| Cedar Knolls | 4,882 | $170,400 | $646,700 | $2,849 |
| Troy Hills | 5,179 | $183,707 | $650,500 | $3,108 |
| Parsippany-Troy Hills | 56,397 | $112,327 | $536,200 | $1,736 |
| Parsippany | 21,345 | $99,405 | $555,400 | $1,742 |
| East Hanover | 11,152 | $149,583 | $702,800 | $2,711 |
| Morris Plains | 6,315 | $154,923 | $643,300 | $2,835 |
| Florham Park | 13,564 | $158,696 | $791,400 | $3,109 |
More for people moving to Whippany
Whippany ZIP code ›Weather and climate ›Living in Whippany: FAQ
What is the median household income in Whippany, NJ?
The median household income in Whippany is $151,420, 46% 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 Whippany?
The median home value in Whippany is $615,400, compared with $454,400 in New Jersey.
How much is rent in Whippany?
The median gross rent in Whippany is $2,556 per month, about 33.1% of household income.
Is Whippany, NJ a good place to live?
Pluses: median household income 46% higher than the New Jersey median; an average commute of 25 minutes; unemployment of 3.7%; a poverty rate of 3.9%. Minuses: home values 35% higher than the state median.
What is the median age in Whippany?
The median age in Whippany is 49.7 years (New Jersey: 40.1).
How long is the commute in Whippany?
The average commute to work in Whippany is 25 minutes; 21.2% of workers work from home.
What is the unemployment rate in Whippany?
The unemployment rate in Whippany is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Whippany?
55.4% of adults in Whippany 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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