What is the median household income in Kinnelon Borough, NJ?
The median household income in Kinnelon Borough, NJ is $187,438 (±$21,914) a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,282 a month would take about $91,300 a year at the common guideline of spending no more than 30% of income on rent.
In Kinnelon Borough, the median household income went from $158,000 in 2015–2019 to $187,438 in 2020–2024 (+18.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $187,438 (±$21,914)
- Median renter income
- $110,625 (±$50,363)
- Income to afford median rent
- about $91,300
Income in Kinnelon Borough against Morris County, its state and the nation
| Kinnelon Borough | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $187,438 (±$21,914) | $137,326 (±$2,991) | $103,556 (±$513) | $80,734 |
| Median renter household income | $110,625 (±$50,363) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median owner household income | $196,450 (±$21,981) | $165,144 (±$2,794) | $133,477 (±$624) | $100,009 |
| Median gross rent | $2,282 (±$277) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Kinnelon Borough, median household income is higher than in Morris County ($137,326).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Morris County, Kinnelon Borough ranks 10 of 39 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 61 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Kinnelon Borough
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $2,282 a month ($27,384 a year) needs an income of about $91,300 a year.
The median renting household in Kinnelon Borough earns $110,625 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $158,000 (±$18,981) | $187,438 (±$21,914) | +18.6% | No measurable change after inflation |
| Median gross rent | $2,040 (±$156) | $2,282 (±$277) | +11.9% | No measurable change after inflation |
| Median home value | $570,800 (±$20,991) | $706,400 (±$41,502) | +23.8% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Kinnelon Borough
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Kinnelon Borough | — | $187,438 (±$21,914) | — |
| Butler Borough | 2.3 mi | $111,557 (±$9,158) | Lower |
| Macopin | 3.1 mi | $139,864 (±$24,595) | Lower |
| Riverdale Borough | 3.8 mi | $102,950 (±$10,103) | Lower |
| Boonton Township | 4.1 mi | $192,188 (±$65,328) | Not measurably different |
| Pompton Plains | 4.2 mi | $117,959 (±$9,640) | Lower |
| Pequannock Township | 4.4 mi | $120,666 (±$6,642) | Lower |
| Towaco | 4.4 mi | $205,636 (±$67,452) | Not measurably different |
| Bloomingdale Borough | 4.5 mi | $127,500 (±$16,767) | Lower |
Nearby places with a measurably lower figure: Butler Borough, NJ ($111,557), Macopin, NJ ($139,864), Riverdale Borough, NJ ($102,950).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Morris County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 4 | Chatham Borough | $241,500 (±$23,775) |
| 5 | Harding Township | $222,429 (±$54,836) |
| 6 | Mendham Borough | $211,944 (±$53,353) |
| 7 | Morris Township | $204,951 (±$15,341) |
| 8 | Chatham Township | $198,913 (±$36,502) |
| 9 | Boonton Township | $192,188 (±$65,328) |
| 10 | Kinnelon Borough | $187,438 (±$21,914) |
| 11 | Randolph Township | $175,000 (±$16,573) |
| 12 | Chester Borough | $171,500 (±$48,024) |
| 13 | Madison Borough | $171,471 (±$19,397) |
| 14 | Montville Township | $169,083 (±$22,872) |
| 15 | Long Hill Township | $169,079 (±$28,216) |
| 16 | Washington Township (Morris County) | $165,651 (±$14,762) |
Showing 13 of 39 places in Morris County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Kinnelon Borough
What is the median household income in Kinnelon Borough?
The median household income in Kinnelon Borough is $187,438 (±$21,914) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Kinnelon Borough?
About $91,300 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,282 a month.
Have incomes in Kinnelon Borough kept up with inflation?
In Kinnelon Borough, the median household income went from $158,000 in 2015–2019 to $187,438 in 2020–2024 (+18.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Kinnelon Borough?
The median renting household in Kinnelon Borough, NJ earns $110,625 (±$50,363) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Kinnelon borough, Morris County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Kinnelon borough, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Kinnelon borough, Morris County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Kinnelon borough, Morris County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Kinnelon borough, Morris County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Kinnelon borough, Morris County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Kinnelon borough, Morris County, New Jersey (county subdivision:37110, in state:34 county:027).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
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
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- Home values in Kinnelon Borough
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- Population growth in Kinnelon Borough
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- New Jersey landlord and tenant rules
- Housing across Morris County
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- Housing data for every place in New Jersey