Wharton

Population: 7,254
Median household income: $92,548
Median home value: $348,100

Located in Morris County, New Jersey, Wharton is a community with a population of 7,254. At $92,548, its median household income sits below Morris County's $134,929.

From 2019 to 2023, Wharton's population grew 12.0% from 6,474 to 7,254, while its median home value rose 16.2% from $299,600 to $348,100.

Owners occupy 53.5% of the area's occupied homes. The median resident is 39.4 years old.

Demographics

ACS 2019–2023

Population: 7,254
Median age: 39.4 yrs
Median household income: $92,548
Median home value: $348,100
Median gross rent: $1,886
Housing units: 2,923
Homeownership rate: 53.5%
Bachelor's degree or higher: 29.3%
Unemployment rate: 3.3%

Trends

ACS 5-year · 2019–2023

Population

6,4747,254

Median household income

$80,000$92,548

Median home value

$299,600$348,100

Median gross rent

$1,681$1,886

Year	Population	Median household income	Median home value	Median gross rent
2019	6,474	$80,000	$299,600	$1,681
2020	6,458	$82,482	$291,700	$1,889
2021	7,175	$89,056	$307,200	$1,712
2022	7,217	$91,557	$324,600	$1,815
2023	7,254	$92,548	$348,100	$1,886

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.8%

5 to 1713.4%

18 to 244.6%

25 to 3420.4%

35 to 448.1%

45 to 5418.3%

55 to 649.3%

65 to 7412.7%

75 and over5.5%

	Count	Share
Under 5	569	7.8%
5 to 17	972	13.4%
18 to 24	332	4.6%
25 to 34	1,483	20.4%
35 to 44	584	8.1%
45 to 54	1,324	18.3%
55 to 64	674	9.3%
65 to 74	919	12.7%
75 and over	397	5.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	3,253	44.8%
Black or African American	3	0.0%
American Indian & Alaska Native	0	0.0%
Asian	58	0.8%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	112	1.5%
Two or more races	121	1.7%
Hispanic or Latino (any race)	3,707	51.1%

Educational attainment (age 25+)

No high school diploma10.0%

High school graduate36.4%

Some college or associate's24.3%

Bachelor's degree21.7%

Graduate or professional degree7.6%

	Count	Share
No high school diploma	538	10.0%
High school graduate	1,957	36.4%
Some college or associate's	1,309	24.3%
Bachelor's degree	1,167	21.7%
Graduate or professional degree	410	7.6%

Commute to work

Mean travel time to work: 31 min

Drove alone74.4%

Carpooled12.8%

Public transit1.6%

Walked1.6%

Bicycle0.0%

Worked from home8.1%

Other means1.5%

How workers get to work

	Count	Share
Drove alone	2,908	74.4%
Carpooled	501	12.8%
Public transit	63	1.6%
Walked	62	1.6%
Bicycle	0	0.0%
Worked from home	315	8.1%
Other means	60	1.5%

Travel time

	Count	Share
Under 15 min	942	26.2%
15 to 29 min	857	23.8%
30 to 44 min	1,082	30.1%
45 to 59 min	310	8.6%
60+ min	403	11.2%

Households

Average household size: 2.48
Poverty rate: 18.8% (1,362 of 7,254)

	Count	Share
Family households	1,674	57.3%
Nonfamily households	1,249	42.7%

Housing

Median year structure built: 1968

Occupancy

	Count	Share
Occupied	2,923	100.0%
Vacant	0	0.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,565	53.5%
Renter-occupied	1,358	46.5%

1-unit, detached45.9%

1-unit, attached17.0%

2 to 4 units10.3%

5 to 19 units11.5%

20 or more units15.2%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,341	45.9%
1-unit, attached	498	17.0%
2 to 4 units	302	10.3%
5 to 19 units	337	11.5%
20 or more units	445	15.2%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3480390
Type (LSAD): 21
Land area: 2.08 sq mi
Water area: 0.06 sq mi
Center point: 40.8971, -74.5745