What is the median household income in Mendham Borough, NJ?
The median household income in Mendham Borough, NJ is $211,944 (±$53,353) a year (2020–2024 American Community Survey).
In Mendham Borough, the median household income went from $151,875 in 2015–2019 to $211,944 in 2020–2024 (+39.6%).
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
- $211,944 (±$53,353)
- Median renter income
- $93,393 (±$46,295)
Income in Mendham Borough against Morris County, its state and the nation
| Mendham Borough | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $211,944 (±$53,353) | $137,326 (±$2,991) | $103,556 (±$513) | $80,734 |
| Median renter household income | $93,393 (±$46,295) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median owner household income | $250,000 or more | $165,144 (±$2,794) | $133,477 (±$624) | $100,009 |
| Median gross rent | $3,500 or more | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Mendham 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, Mendham Borough ranks 6 of 39 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 32 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $151,875 (±$27,949) | $211,944 (±$53,353) | +39.6% | No measurable change after inflation |
| Median home value | $662,300 (±$28,217) | $819,800 (±$71,723) | +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 Mendham Borough
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Mendham Borough | — | $211,944 (±$53,353) | — |
| Bernardsville Borough | 2.6 mi | $236,115 (±$32,313) | Not measurably different |
| Brookside | 2.6 mi | $250,000 or more | — |
| Mendham Township | 2.8 mi | $250,000 or more | — |
| Peapack and Gladstone Borough | 4.6 mi | $202,578 (±$29,051) | Not measurably different |
| Chester Township | 4.7 mi | $241,856 (±$20,424) | Not measurably different |
| Basking Ridge | 4.7 mi | $188,295 (±$44,041) | Not measurably different |
| Chester Borough | 5.1 mi | $171,500 (±$48,024) | Not measurably different |
| Randolph Township | 5.2 mi | $175,000 (±$16,573) | 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.
Median household income across Morris County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 (tie) | Mendham Township | $250,000 or more |
| 1 (tie) | Mountain Lakes Borough | $250,000 or more |
| 3 | Chester Township | $241,856 (±$20,424) |
| 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) |
Showing 12 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 Mendham Borough
What is the median household income in Mendham Borough?
The median household income in Mendham Borough is $211,944 (±$53,353) a year (2020–2024 American Community Survey).
Have incomes in Mendham Borough kept up with inflation?
In Mendham Borough, the median household income went from $151,875 in 2015–2019 to $211,944 in 2020–2024 (+39.6%).
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 Mendham Borough?
The median renting household in Mendham Borough, NJ earns $93,393 (±$46,295) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Mendham borough, Morris County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Mendham borough, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Mendham borough, Morris County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Mendham borough, Morris County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Mendham borough, Morris County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Mendham 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 Mendham borough, Morris County, New Jersey (county subdivision:45330, 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
- Housing in Mendham Borough at a glance
- Median rent in Mendham Borough
- Rent by bedrooms in Mendham Borough
- Renters and owners in Mendham Borough
- Home values in Mendham Borough
- Homeowner costs in Mendham Borough
- Property taxes in Mendham Borough
- Types of homes in Mendham Borough
- Bedrooms in Mendham Borough
- Age of homes in Mendham Borough
- Heating fuel in Mendham Borough
- Commute and cars in Mendham Borough
- Crime reported to police in Mendham Borough
- Population growth in Mendham Borough
- How long people stay in Mendham Borough
- New Jersey landlord and tenant rules
- Housing across Morris County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey