How many renters in Hanover Township, NJ pay more than 30% of their income on rent?
48.1% (±19.0 points) of renting households in Hanover Township, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
39.5% spend 35% or more.
The median renting household spends 28.8% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 48.1% (±19.0 points)
- Paying 35% or more
- 39.5% (±17.7 points)
- Median share of income
- 28.8% (±9.0 points)
Rent as a share of income in Hanover Township
| Share of income spent on rent | Hanover Township | Morris County | New Jersey | United States |
|---|---|---|---|---|
| Less than 15% | 8.0% (±7.0 points) | 12.5% | 12.2% | 12.6% |
| 15% to 19.9% | 15.9% (±12.8 points) | 13.6% | 12.3% | 12.2% |
| 20% to 24.9% | 19.9% (±12.7 points) | 16.7% | 12.6% | 12.6% |
| 25% to 29.9% | 8.0% (±5.7 points) | 11.9% | 11.4% | 11.5% |
| 30% to 34.9% | 8.6% (±6.9 points) | 6.8% | 8.9% | 9.2% |
| 35% or more | 39.5% (±17.7 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.
Hanover Township against Morris County, its state and the nation
| Hanover Township | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 48.1% (±19.0 points) | 45.2% (±2.3 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 39.5% (±17.7 points) | 38.4% (±2.1 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 28.8% (±9.0 points) | 28.0% (±0.9 points) | 30.9% (±0.3 points) | 30.6% |
| Median renter household income | $107,242 (±$30,304) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median gross rent | $2,813 (±$227) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Hanover Township, 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, Hanover Township ranks 19 of 39 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 325 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 Hanover Township
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Hanover Township | — | 48.1% (±19.0 points) | — |
| Troy Hills | 2.7 mi | 33.0% (±47.6 points) | Not measurably different |
| Morris Plains Borough | 2.7 mi | 45.7% (±16.6 points) | Not measurably different |
| Parsippany-Troy Hills Township | 2.8 mi | 34.6% (±4.8 points) | Not measurably different |
| Morristown Town | 3.0 mi | 37.4% (±5.6 points) | Not measurably different |
| Parsippany | 3.2 mi | 41.1% (±6.8 points) | Not measurably different |
| East Hanover Township | 3.4 mi | 29.7% (±29.6 points) | Not measurably different |
| Florham Park Borough | 3.5 mi | 43.8% (±12.6 points) | Not measurably different |
| Morris Township | 3.8 mi | 42.0% (±11.8 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
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 |
|---|---|---|
| 13 | Wharton Borough | 55.4% (±16.0 points) |
| 14 | Boonton Town | 53.4% (±14.5 points) |
| 15 | Madison Borough | 53.1% (±8.9 points) |
| 16 | Randolph Township | 52.8% (±11.5 points) |
| 17 | Long Hill Township | 50.5% (±27.5 points) |
| 18 | Riverdale Borough | 50.0% (±17.3 points) |
| 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) |
Showing 13 of 39 places in Morris County, ranked from highest to lowest.
The figures for Hanover Township include the places inside it that have pages of their own: Cedar Knolls, Whippany.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Hanover Township
Are renters in Hanover Township rent-burdened?
48.1% of renting households in Hanover Township 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 Hanover Township spend on rent?
The median renting household in Hanover Township, NJ spends 28.8% (±9.0 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hanover township, Morris County, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Hanover township, Morris County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Hanover township, 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 Hanover township, Morris County, New Jersey (county subdivision:29550, 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 Hanover Township at a glance
- Median rent in Hanover Township
- Rent by bedrooms in Hanover Township
- Renters and owners in Hanover Township
- Income and affordability in Hanover Township
- Home values in Hanover Township
- Homeowner costs in Hanover Township
- Property taxes in Hanover Township
- Types of homes in Hanover Township
- Bedrooms in Hanover Township
- Age of homes in Hanover Township
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- Crime reported to police in Hanover Township
- Population growth in Hanover Township
- How long people stay in Hanover Township
- Crowding and facilities in Hanover Township
- 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