What is the median household income in New Hanover Township, NJ?
The median household income in New Hanover Township, NJ is $107,292 (±$15,629) a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,985 a month would take about $119,400 a year at the common guideline of spending no more than 30% of income on rent.
In New Hanover Township, the median household income went from $91,900 in 2015–2019 to $107,292 in 2020–2024 (+16.7%).
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
- $107,292 (±$15,629)
- Median renter income
- $102,679 (±$28,147)
- Income to afford median rent
- about $119,400
Income in New Hanover Township against Burlington County, its state and the nation
| New Hanover Township | Burlington County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $107,292 (±$15,629) | $108,111 (±$1,600) | $103,556 (±$513) | $80,734 |
| Median renter household income | $102,679 (±$28,147) | $65,698 (±$3,821) | $62,674 (±$718) | $52,966 |
| Median owner household income | $120,208 (±$22,987) | $124,194 (±$2,574) | $133,477 (±$624) | $100,009 |
| Median gross rent | $2,985 (±$205) | $1,745 (±$30) | $1,720 (±$7) | $1,413 |
In New Hanover Township, median household income is not measurably different from Burlington County ($108,111).
It is not measurably different from New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Burlington County, New Hanover Township ranks 19 of 40 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 304 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 New Hanover Township
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 $2,985 a month ($35,820 a year) needs an income of about $119,400 a year.
The median renting household in New Hanover Township earns $102,679 a year, less than that.
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 | $91,900 (±$4,425) | $107,292 (±$15,629) | +16.7% | No measurable change after inflation |
| Median gross rent | $2,298 (±$83) | $2,985 (±$205) | +29.9% | No measurable change after inflation |
| Median home value | $235,200 (±$16,851) | $360,200 (±$28,209) | +53.1% | Up 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 New Hanover Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| New Hanover Township | — | $107,292 (±$15,629) | — |
| McGuire AFB | 1.2 mi | $74,071 (±$17,459) | Lower |
| Browns Mills | 2.8 mi | $75,867 (±$8,751) | Lower |
| Wrightstown Borough | 3.1 mi | $49,500 (±$17,148) | Lower |
| Pemberton Township | 4.1 mi | $80,843 (±$7,538) | Lower |
| New Egypt | 4.4 mi | $74,063 (±$8,720) | Lower |
| Country Lake Estates | 4.9 mi | $127,643 (±$29,099) | Not measurably different |
| Plumsted Township | 5.2 mi | $103,625 (±$19,914) | Not measurably different |
| North Hanover Township | 5.3 mi | $86,683 (±$8,866) | Lower |
Nearby places with a measurably lower figure: McGuire AFB, NJ ($74,071), Browns Mills, NJ ($75,867), Wrightstown Borough, NJ ($49,500).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Burlington County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 13 | Mount Laurel Township | $118,802 (±$5,339) |
| 14 | Evesham Township | $118,670 (±$6,071) |
| 15 | Mansfield Township (Burlington County) | $115,595 (±$18,431) |
| 16 | Lumberton Township | $113,440 (±$7,063) |
| 17 | Eastampton Township | $110,000 (±$18,846) |
| 18 | Bordentown Township | $109,832 (±$11,406) |
| 19 | New Hanover Township | $107,292 (±$15,629) |
| 20 | Delran Township | $106,921 (±$7,554) |
| 21 | Florence Township | $105,631 (±$9,549) |
| 22 | Burlington Township | $104,067 (±$8,619) |
| 23 | Bordentown | $103,375 (±$22,351) |
| 24 | Willingboro Township | $98,200 (±$7,746) |
| 25 | Southampton Township | $97,995 (±$9,051) |
Showing 13 of 40 places in Burlington County, ranked from highest to lowest.
The figures for New Hanover Township include the places inside it that have pages of their own: Fort Dix.
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 New Hanover Township
What is the median household income in New Hanover Township?
The median household income in New Hanover Township is $107,292 (±$15,629) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in New Hanover Township?
About $119,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,985 a month.
Have incomes in New Hanover Township kept up with inflation?
In New Hanover Township, the median household income went from $91,900 in 2015–2019 to $107,292 in 2020–2024 (+16.7%).
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 New Hanover Township?
The median renting household in New Hanover Township, NJ earns $102,679 (±$28,147) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — New Hanover township, Burlington County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — New Hanover township, Burlington County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Hanover township, Burlington County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — New Hanover township, Burlington County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — New Hanover township, Burlington County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — New Hanover township, Burlington 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 New Hanover township, Burlington County, New Jersey (county subdivision:51510, in state:34 county:005).
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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- Renters and owners in New Hanover Township
- Home values in New Hanover Township
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- Property taxes in New Hanover Township
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- Population growth in New Hanover Township
- How long people stay in New Hanover Township
- Fair Market Rent in New Hanover Township
- New Jersey landlord and tenant rules
- Housing across Burlington County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey