Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.2 yrs |
|---|---|
| Avg HH Size | 2.49 |
| Below Poverty | 13.4% ▲ 34% above avg |
| College Grads | 45.5% ▲ 17% above avg |
| Unemployment | 4.1% ▼ 16% below avg |
| No HS Diploma | 113 (1.3%) |
| HS Graduate | 2,706 (32.3%) |
| Some College | 932 (11.1%) |
| Associates | 816 (9.7%) |
| Bachelors | 481 (5.7%) |
| Graduate Degree | 3,332 (39.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $100,903 ▲ 32% above avg |
|---|---|
| Median Home Value | $345,200 ▲ 24% above avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $1,961/mo |
| Total Housing Units | 4,947 |
| Vacant Units | 186 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Wharton is a city in New Jersey, located in Morris County. The city spans 1 ZIP code and is home to approximately 11,864 residents. It is a middle-aged city, with a median age of 40.2 years.
Economically, Wharton is a upper-middle-income community. The median household income of $100,903 is above the national average. Approximately 13.4% of residents live below the poverty line. The unemployment rate is 4.1%, below the national average.
The real estate market in Wharton is a mid-range housing market. Median home values stand at $345,200, which is above the national average. Renters typically pay around $1,961 per month. Homeownership is high at 62.3%, typical of suburban and family-oriented communities.
The population of Wharton is well-educated. 45.5% of adults hold a bachelor's degree or higher — above the national average. The community is majority White (58.5%).
Wharton, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07885 | 11,864 | $100,903 | $345,200 | $1,961 | 4.1% | 45.5% | 62.3% |