What is the median household income in Riverdale Borough, NJ?
The median household income in Riverdale Borough, NJ is $102,950 (±$10,103) a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,424 a month would take about $97,000 a year at the common guideline of spending no more than 30% of income on rent.
In Riverdale Borough, the median household income went from $110,664 in 2015–2019 to $102,950 in 2020–2024 (−7.0%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median household income
- $102,950 (±$10,103)
- Median renter income
- $89,196 (±$33,814)
- Income to afford median rent
- about $97,000
Income in Riverdale Borough against Morris County, its state and the nation
| Riverdale Borough | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $102,950 (±$10,103) | $137,326 (±$2,991) | $103,556 (±$513) | $80,734 |
| Median renter household income | $89,196 (±$33,814) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median owner household income | $103,833 (±$8,434) | $165,144 (±$2,794) | $133,477 (±$624) | $100,009 |
| Median gross rent | $2,424 (±$329) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Riverdale Borough, median household income is lower than in Morris County ($137,326).
It is not measurably different from New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Morris County, Riverdale Borough ranks 34 of 39 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 334 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 Riverdale 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 $2,424 a month ($29,088 a year) needs an income of about $97,000 a year.
The median renting household in Riverdale Borough earns $89,196 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 | $110,664 (±$16,466) | $102,950 (±$10,103) | −7.0% | Down after inflation |
| Median gross rent | $2,098 (±$360) | $2,424 (±$329) | +15.5% | No measurable change after inflation |
| Median home value | $347,400 (±$16,476) | $395,900 (±$24,392) | +14.0% | 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 Riverdale Borough
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Riverdale Borough | — | $102,950 (±$10,103) | — |
| Pompton Lakes Borough | 1.5 mi | $124,454 (±$13,943) | Higher |
| Butler Borough | 1.7 mi | $111,557 (±$9,158) | Not measurably different |
| Pompton Plains | 2.0 mi | $117,959 (±$9,640) | Higher |
| Pequannock Township | 2.3 mi | $120,666 (±$6,642) | Higher |
| Pines Lake | 2.7 mi | $172,348 (±$15,947) | Higher |
| Bloomingdale Borough | 2.9 mi | $127,500 (±$16,767) | Higher |
| Wanaque Borough | 3.5 mi | $113,175 (±$7,330) | Not measurably different |
| Kinnelon Borough | 3.8 mi | $187,438 (±$21,914) | Higher |
Nearby places with a measurably higher figure: Pompton Lakes Borough, NJ ($124,454), Pompton Plains, NJ ($117,959), Pequannock Township, NJ ($120,666).
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 |
|---|---|---|
| 28 | Mine Hill Township | $119,583 (±$16,169) |
| 29 | Mount Olive Township | $117,394 (±$14,409) |
| 30 | Boonton Town | $114,302 (±$23,372) |
| 31 | Parsippany-Troy Hills Township | $112,327 (±$5,991) |
| 32 | Butler Borough | $111,557 (±$9,158) |
| 33 | Rockaway Borough | $107,053 (±$19,238) |
| 34 | Riverdale Borough | $102,950 (±$10,103) |
| 35 | Mount Arlington Borough | $92,264 (±$19,342) |
| 36 | Wharton Borough | $85,767 (±$17,568) |
| 37 | Netcong Borough | $83,958 (±$30,730) |
| 38 | Dover Town | $73,737 (±$4,923) |
| 39 | Victory Gardens Borough | $62,550 (±$22,564) |
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.
What you can do on Seayora in Riverdale Borough
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Questions about Riverdale Borough
What is the median household income in Riverdale Borough?
The median household income in Riverdale Borough is $102,950 (±$10,103) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Riverdale Borough?
About $97,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,424 a month.
Have incomes in Riverdale Borough kept up with inflation?
In Riverdale Borough, the median household income went from $110,664 in 2015–2019 to $102,950 in 2020–2024 (−7.0%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
What do renters earn in Riverdale Borough?
The median renting household in Riverdale Borough, NJ earns $89,196 (±$33,814) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Riverdale borough, Morris County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Riverdale borough, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Riverdale borough, Morris County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Riverdale borough, Morris County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Riverdale borough, Morris County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Riverdale 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 Riverdale borough, Morris County, New Jersey (county subdivision:63300, 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 Riverdale Borough at a glance
- Median rent in Riverdale Borough
- Rent by bedrooms in Riverdale Borough
- Rent burden in Riverdale Borough
- Renters and owners in Riverdale Borough
- Home values in Riverdale Borough
- Homeowner costs in Riverdale Borough
- Property taxes in Riverdale Borough
- Types of homes in Riverdale Borough
- Bedrooms in Riverdale Borough
- Age of homes in Riverdale Borough
- Vacancy rate in Riverdale Borough
- Heating fuel in Riverdale Borough
- Commute and cars in Riverdale Borough
- Crime reported to police in Riverdale Borough
- Population growth in Riverdale Borough
- How long people stay in Riverdale 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