How many renters in Mount Olive Township, NJ pay more than 30% of their income on rent?
43.2% (±7.6 points) of renting households in Mount Olive Township, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
36.5% spend 35% or more.
The median renting household spends 27.8% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 43.2% (±7.6 points)
- Paying 35% or more
- 36.5% (±6.8 points)
- Median share of income
- 27.8% (±2.0 points)
Rent as a share of income in Mount Olive Township
| Share of income spent on rent | Mount Olive Township | Morris County | New Jersey | United States |
|---|---|---|---|---|
| Less than 15% | 13.4% (±4.4 points) | 12.5% | 12.2% | 12.6% |
| 15% to 19.9% | 12.3% (±4.9 points) | 13.6% | 12.3% | 12.2% |
| 20% to 24.9% | 16.0% (±5.1 points) | 16.7% | 12.6% | 12.6% |
| 25% to 29.9% | 15.1% (±5.2 points) | 11.9% | 11.4% | 11.5% |
| 30% to 34.9% | 6.7% (±3.4 points) | 6.8% | 8.9% | 9.2% |
| 35% or more | 36.5% (±6.8 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.
Mount Olive Township against Morris County, its state and the nation
| Mount Olive Township | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 43.2% (±7.6 points) | 45.2% (±2.3 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 36.5% (±6.8 points) | 38.4% (±2.1 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 27.8% (±2.0 points) | 28.0% (±0.9 points) | 30.9% (±0.3 points) | 30.6% |
| Median renter household income | $74,333 (±$9,471) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median gross rent | $1,697 (±$65) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Mount Olive Township, the share of renters paying 30% or more of income is not measurably different from Morris County (45.2%).
It is also lower than in New Jersey (51.6%).
It is lower than the national figure (51.1%).
In Morris County, Mount Olive Township ranks 26 of 39 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 410 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 Mount Olive Township
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Mount Olive Township | — | 43.2% (±7.6 points) | — |
| Netcong Borough | 3.2 mi | 58.3% (±18.5 points) | Not measurably different |
| Stanhope Borough | 3.9 mi | 65.0% (±26.6 points) | Not measurably different |
| Ledgewood | 4.0 mi | 73.9% (±28.9 points) | Higher |
| Hackettstown Town | 4.4 mi | 45.7% (±9.7 points) | Not measurably different |
| Succasunna | 4.5 mi | 33.5% (±22.8 points) | Not measurably different |
| Byram Center | 4.8 mi | 75.0% (±72.2 points) | Not measurably different |
| Roxbury Township | 5.0 mi | 63.5% (±16.5 points) | Higher |
| Landing | 5.1 mi | 66.5% (±32.1 points) | Not measurably different |
Nearby places with a measurably higher figure: Ledgewood, NJ (73.9%), Roxbury Township, NJ (63.5%).
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) | 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) |
| 32 | Morristown Town | 37.4% (±5.6 points) |
Showing 13 of 39 places in Morris County, ranked from highest to lowest.
The figures for Mount Olive Township include the places inside it that have pages of their own: Budd Lake, Flanders.
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 Mount Olive Township
Are renters in Mount Olive Township rent-burdened?
43.2% of renting households in Mount Olive 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 Mount Olive Township spend on rent?
The median renting household in Mount Olive Township, NJ spends 27.8% (±2.0 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Mount Olive township, Morris County, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Mount Olive township, Morris County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Mount Olive 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 Mount Olive township, Morris County, New Jersey (county subdivision:49080, 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
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- Income and affordability in Mount Olive Township
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- Age of homes in Mount Olive Township
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- Crime reported to police in Mount Olive Township
- Population growth in Mount Olive Township
- How long people stay in Mount Olive Township
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- 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