What is the median household income in Raritan Township, NJ?
The median household income in Raritan Township, NJ is $165,174 (±$15,459) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,615 a month would take about $64,600 a year at the common guideline of spending no more than 30% of income on rent.
In Raritan Township, the median household income went from $135,115 in 2015–2019 to $165,174 in 2020–2024 (+22.2%).
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
- $165,174 (±$15,459)
- Median renter income
- $74,698 (±$26,186)
- Income to afford median rent
- about $64,600
Income in Raritan Township against Hunterdon County, its state and the nation
| Raritan Township | Hunterdon County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $165,174 (±$15,459) | $141,715 (±$3,618) | $103,556 (±$513) | $80,734 |
| Median renter household income | $74,698 (±$26,186) | $64,253 (±$6,793) | $62,674 (±$718) | $52,966 |
| Median owner household income | $179,668 (±$9,314) | $160,120 (±$4,658) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,615 (±$263) | $1,687 (±$51) | $1,720 (±$7) | $1,413 |
In Raritan Township, median household income is higher than in Hunterdon County ($141,715).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Hunterdon County, Raritan Township ranks 4 of 26 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 95 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 Raritan 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 $1,615 a month ($19,380 a year) needs an income of about $64,600 a year.
The median renting household in Raritan Township earns $74,698 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 | $135,115 (±$7,827) | $165,174 (±$15,459) | +22.2% | No measurable change after inflation |
| Median gross rent | $1,571 (±$142) | $1,615 (±$263) | +2.8% | No measurable change after inflation |
| Median home value | $438,000 (±$13,072) | $564,300 (±$21,410) | +28.8% | 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 Raritan Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Raritan Township | — | $165,174 (±$15,459) | — |
| Franklin Township (Hunterdon County) | 2.4 mi | $161,169 (±$21,042) | Not measurably different |
| Flemington Borough | 3.3 mi | $69,978 (±$19,622) | Lower |
| Clinton Township | 5.9 mi | $167,109 (±$15,240) | Not measurably different |
| Clinton Town | 6.3 mi | $141,146 (±$18,255) | Lower |
| Annandale | 6.9 mi | $168,043 (±$45,708) | Not measurably different |
| Union Township (Hunterdon County) | 6.9 mi | $137,568 (±$18,275) | Lower |
| Readington Township | 7.1 mi | $157,625 (±$8,667) | Not measurably different |
| Lebanon Borough | 7.3 mi | $110,104 (±$26,948) | Lower |
Nearby places with a measurably lower figure: Flemington Borough, NJ ($69,978), Clinton Town, NJ ($141,146), Union Township (Hunterdon County), NJ ($137,568).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Hunterdon County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Delaware Township | $194,219 (±$29,397) |
| 2 | Tewksbury Township | $192,576 (±$27,321) |
| 3 | Clinton Township | $167,109 (±$15,240) |
| 4 | Raritan Township | $165,174 (±$15,459) |
| 5 | Franklin Township (Hunterdon County) | $161,169 (±$21,042) |
| 6 | Alexandria Township | $160,354 (±$24,724) |
| 7 | Readington Township | $157,625 (±$8,667) |
| 8 | East Amwell Township | $152,361 (±$27,890) |
| 9 | West Amwell Township | $151,250 (±$43,753) |
| 10 | Bethlehem Township | $142,434 (±$23,637) |
Showing 10 of 26 places in Hunterdon 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.
What you can do on Seayora in Raritan Township
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Raritan Township beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Raritan Township, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Raritan Township, and send estimates and invoices from your phone.
Questions about Raritan Township
What is the median household income in Raritan Township?
The median household income in Raritan Township is $165,174 (±$15,459) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Raritan Township?
About $64,600 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,615 a month.
Have incomes in Raritan Township kept up with inflation?
In Raritan Township, the median household income went from $135,115 in 2015–2019 to $165,174 in 2020–2024 (+22.2%).
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 Raritan Township?
The median renting household in Raritan Township, NJ earns $74,698 (±$26,186) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Raritan township, Hunterdon County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Raritan township, Hunterdon County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Raritan township, Hunterdon County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Raritan township, Hunterdon County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Raritan township, Hunterdon County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Raritan township, Hunterdon 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 Raritan township, Hunterdon County, New Jersey (county subdivision:61920, in state:34 county:019).
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 Raritan Township at a glance
- Median rent in Raritan Township
- Rent by bedrooms in Raritan Township
- Rent burden in Raritan Township
- Renters and owners in Raritan Township
- Home values in Raritan Township
- Homeowner costs in Raritan Township
- Property taxes in Raritan Township
- Types of homes in Raritan Township
- Bedrooms in Raritan Township
- Age of homes in Raritan Township
- Heating fuel in Raritan Township
- Commute and cars in Raritan Township
- Crime reported to police in Raritan Township
- Population growth in Raritan Township
- How long people stay in Raritan Township
- Crowding and facilities in Raritan Township
- New Jersey landlord and tenant rules
- Housing across Hunterdon County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey