What is the median household income in Rockaway Borough, NJ?
The median household income in Rockaway Borough, NJ is $107,053 (±$19,238) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,587 a month would take about $63,500 a year at the common guideline of spending no more than 30% of income on rent.
In Rockaway Borough, the median household income went from $96,602 in 2015–2019 to $107,053 in 2020–2024 (+10.8%).
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
- $107,053 (±$19,238)
- Median renter income
- $51,573 (±$37,453)
- Income to afford median rent
- about $63,500
Income in Rockaway Borough against Morris County, its state and the nation
| Rockaway Borough | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $107,053 (±$19,238) | $137,326 (±$2,991) | $103,556 (±$513) | $80,734 |
| Median renter household income | $51,573 (±$37,453) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median owner household income | $164,728 (±$16,866) | $165,144 (±$2,794) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,587 (±$335) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Rockaway 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, Rockaway Borough ranks 33 of 39 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 306 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 Rockaway 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 $1,587 a month ($19,044 a year) needs an income of about $63,500 a year.
The median renting household in Rockaway Borough earns $51,573 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 | $96,602 (±$15,901) | $107,053 (±$19,238) | +10.8% | No measurable change after inflation |
| Median gross rent | $1,367 (±$67) | $1,587 (±$335) | +16.1% | No measurable change after inflation |
| Median home value | $344,800 (±$17,759) | $448,100 (±$27,438) | +30.0% | 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 Rockaway Borough
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Rockaway Borough | — | $107,053 (±$19,238) | — |
| Denville Township | 1.6 mi | $160,817 (±$17,322) | Higher |
| Victory Gardens Borough | 1.9 mi | $62,550 (±$22,564) | Lower |
| White Meadow Lake | 2.0 mi | $149,324 (±$11,270) | Higher |
| Dover Town | 2.3 mi | $73,737 (±$4,923) | Lower |
| Mount Hope | 2.4 mi | $86,607 (±$16,689) | Not measurably different |
| Mount Tabor | 2.8 mi | $115,199 (±$20,626) | Not measurably different |
| Wharton Borough | 3.0 mi | $85,767 (±$17,568) | Not measurably different |
| Rainbow Lakes | 3.6 mi | $93,051 (±$7,740) | Not measurably different |
Nearby places with a measurably lower figure: Victory Gardens Borough, NJ ($62,550), Dover Town, NJ ($73,737).
Nearby places with a measurably higher figure: Denville Township, NJ ($160,817), White Meadow Lake, NJ ($149,324).
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 |
|---|---|---|
| 27 | Jefferson Township | $119,836 (±$12,888) |
| 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 13 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 Rockaway Borough
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Questions about Rockaway Borough
What is the median household income in Rockaway Borough?
The median household income in Rockaway Borough is $107,053 (±$19,238) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Rockaway Borough?
About $63,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,587 a month.
Have incomes in Rockaway Borough kept up with inflation?
In Rockaway Borough, the median household income went from $96,602 in 2015–2019 to $107,053 in 2020–2024 (+10.8%).
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 Rockaway Borough?
The median renting household in Rockaway Borough, NJ earns $51,573 (±$37,453) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Rockaway borough, Morris County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Rockaway borough, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Rockaway borough, Morris County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Rockaway borough, Morris County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Rockaway borough, Morris County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Rockaway 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 Rockaway borough, Morris County, New Jersey (county subdivision:64050, 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 Rockaway Borough at a glance
- Median rent in Rockaway Borough
- Rent by bedrooms in Rockaway Borough
- Renters and owners in Rockaway Borough
- Home values in Rockaway Borough
- Homeowner costs in Rockaway Borough
- Property taxes in Rockaway Borough
- Types of homes in Rockaway Borough
- Bedrooms in Rockaway Borough
- Age of homes in Rockaway Borough
- Heating fuel in Rockaway Borough
- Commute and cars in Rockaway Borough
- Crime reported to police in Rockaway Borough
- Population growth in Rockaway Borough
- How long people stay in Rockaway Borough
- Crowding and facilities in Rockaway 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