How many renters in Florham Park Borough, NJ pay more than 30% of their income on rent?
43.8% (±12.6 points) of renting households in Florham Park Borough, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
39.2% spend 35% or more.
The median renting household spends 28.2% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 43.8% (±12.6 points)
- Paying 35% or more
- 39.2% (±11.6 points)
- Median share of income
- 28.2% (±4.1 points)
Rent as a share of income in Florham Park Borough
| Share of income spent on rent | Florham Park Borough | Morris County | New Jersey | United States |
|---|---|---|---|---|
| Less than 15% | 15.9% (±7.4 points) | 12.5% | 12.2% | 12.6% |
| 15% to 19.9% | 9.3% (±8.0 points) | 13.6% | 12.3% | 12.2% |
| 20% to 24.9% | 13.4% (±6.7 points) | 16.7% | 12.6% | 12.6% |
| 25% to 29.9% | 17.5% (±12.3 points) | 11.9% | 11.4% | 11.5% |
| 30% to 34.9% | 4.6% (±5.0 points) | 6.8% | 8.9% | 9.2% |
| 35% or more | 39.2% (±11.6 points) | 38.4% | 42.7% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Florham Park Borough against Morris County, its state and the nation
| Florham Park Borough | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 43.8% (±12.6 points) | 45.2% (±2.3 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 39.2% (±11.6 points) | 38.4% (±2.1 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 28.2% (±4.1 points) | 28.0% (±0.9 points) | 30.9% (±0.3 points) | 30.6% |
| Median renter household income | $135,365 (±$39,256) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median gross rent | $3,109 (±$364) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Florham Park Borough, the share of renters paying 30% or more of income is not measurably different from Morris County (45.2%).
It is not measurably different from New Jersey (51.6%).
It is not measurably different from the national figure (51.1%).
In Morris County, Florham Park Borough ranks 25 of 39 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 403 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Florham Park Borough
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Florham Park Borough | — | 43.8% (±12.6 points) | — |
| Madison Borough | 1.7 mi | 53.1% (±8.9 points) | Not measurably different |
| Chatham Borough | 2.5 mi | 41.3% (±14.3 points) | Not measurably different |
| East Hanover Township | 3.3 mi | 29.7% (±29.6 points) | Not measurably different |
| Livingston Township | 3.5 mi | 50.0% (±14.0 points) | Not measurably different |
| Whippany | 3.5 mi | 57.6% (±20.2 points) | Not measurably different |
| Hanover Township | 3.5 mi | 48.1% (±19.0 points) | Not measurably different |
| Green Village | 3.9 mi | 78.6% (±23.8 points) | Higher |
| Chatham Township | 4.3 mi | 62.1% (±17.4 points) | Not measurably different |
Nearby places with a measurably higher figure: Green Village, NJ (78.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Morris County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 19 (tie) | Hanover Township | 48.1% (±19.0 points) |
| 19 (tie) | Mount Arlington Borough | 48.1% (±17.2 points) |
| 21 | Mountain Lakes Borough | 47.8% (±71.5 points) |
| 22 | Jefferson Township | 47.2% (±17.4 points) |
| 23 | Butler Borough | 46.7% (±12.4 points) |
| 24 | Morris Plains Borough | 45.7% (±16.6 points) |
| 25 | Florham Park Borough | 43.8% (±12.6 points) |
| 26 | Mount Olive Township | 43.2% (±7.6 points) |
| 27 | Morris Township | 42.0% (±11.8 points) |
| 28 | Chatham Borough | 41.3% (±14.3 points) |
| 29 | Rockaway Borough | 38.8% (±20.8 points) |
| 30 | Boonton Township | 38.6% (±45.3 points) |
| 31 | Rockaway Township | 37.6% (±12.5 points) |
Showing 13 of 39 places in Morris County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
What you can do on Seayora in Florham Park Borough
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Florham Park Borough, save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Florham Park Borough beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Florham Park Borough, and send estimates and invoices from your phone.
Questions about Florham Park Borough
Are renters in Florham Park Borough rent-burdened?
43.8% of renting households in Florham Park Borough pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Florham Park Borough spend on rent?
The median renting household in Florham Park Borough, NJ spends 28.2% (±4.1 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Florham Park borough, Morris County, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Florham Park borough, Morris County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Florham Park borough, Morris County, New Jersey
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Florham Park borough, Morris County, New Jersey (county subdivision:23910, in state:34 county:027).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Florham Park Borough at a glance
- Median rent in Florham Park Borough
- Rent by bedrooms in Florham Park Borough
- Renters and owners in Florham Park Borough
- Income and affordability in Florham Park Borough
- Home values in Florham Park Borough
- Homeowner costs in Florham Park Borough
- Property taxes in Florham Park Borough
- Types of homes in Florham Park Borough
- Bedrooms in Florham Park Borough
- Age of homes in Florham Park Borough
- Vacancy rate in Florham Park Borough
- Heating fuel in Florham Park Borough
- Commute and cars in Florham Park Borough
- Crime reported to police in Florham Park Borough
- Population growth in Florham Park Borough
- How long people stay in Florham Park Borough
- Crowding and facilities in Florham Park Borough
- New Jersey landlord and tenant rules
- Housing across Morris County
- New Jersey places ranked by rent burden
- Housing data for every place in New Jersey