What is the median household income in Rockaway Township, NJ?
The median household income in Rockaway Township, NJ is $141,868 (±$4,783) a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,315 a month would take about $92,600 a year at the common guideline of spending no more than 30% of income on rent.
In Rockaway Township, the median household income went from $111,026 in 2015–2019 to $141,868 in 2020–2024 (+27.8%).
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
- $141,868 (±$4,783)
- Median renter income
- $106,880 (±$12,134)
- Income to afford median rent
- about $92,600
Income in Rockaway Township against Morris County, its state and the nation
| Rockaway Township | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $141,868 (±$4,783) | $137,326 (±$2,991) | $103,556 (±$513) | $80,734 |
| Median renter household income | $106,880 (±$12,134) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median owner household income | $149,456 (±$6,011) | $165,144 (±$2,794) | $133,477 (±$624) | $100,009 |
| Median gross rent | $2,315 (±$379) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Rockaway Township, median household income is not measurably different from Morris County ($137,326).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Morris County, Rockaway Township ranks 22 of 39 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 155 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 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 $2,315 a month ($27,780 a year) needs an income of about $92,600 a year.
The median renting household in Rockaway Township earns $106,880 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 | $111,026 (±$7,988) | $141,868 (±$4,783) | +27.8% | No measurable change after inflation |
| Median gross rent | $1,639 (±$105) | $2,315 (±$379) | +41.2% | No measurable change after inflation |
| Median home value | $359,000 (±$5,802) | $466,500 (±$10,353) | +29.9% | 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 Rockaway Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Rockaway Township | — | $141,868 (±$4,783) | — |
| Jefferson Township | 4.0 mi | $119,836 (±$12,888) | Lower |
| Boonton Township | 4.3 mi | $192,188 (±$65,328) | Not measurably different |
| Rockaway Borough | 4.5 mi | $107,053 (±$19,238) | Lower |
| Denville Township | 4.9 mi | $160,817 (±$17,322) | Higher |
| Oak Ridge | 5.0 mi | $121,875 (±$15,369) | Lower |
| Mountain Lakes Borough | 5.6 mi | $250,000 or more | — |
| Lake Hopatcong | 5.8 mi | $117,625 (±$16,696) | Lower |
| Wharton Borough | 5.8 mi | $85,767 (±$17,568) | Lower |
Nearby places with a measurably lower figure: Jefferson Township, NJ ($119,836), Rockaway Borough, NJ ($107,053), Oak Ridge, NJ ($121,875).
Nearby places with a measurably higher figure: Denville Township, NJ ($160,817).
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 |
|---|---|---|
| 16 | Washington Township (Morris County) | $165,651 (±$14,762) |
| 17 | Denville Township | $160,817 (±$17,322) |
| 18 | Florham Park Borough | $158,696 (±$18,650) |
| 19 | Hanover Township | $156,956 (±$11,111) |
| 20 | Morris Plains Borough | $154,923 (±$17,133) |
| 21 | East Hanover Township | $149,583 (±$17,373) |
| 22 | Rockaway Township | $141,868 (±$4,783) |
| 23 | Roxbury Township | $134,519 (±$10,189) |
| 24 | Lincoln Park Borough | $123,397 (±$15,269) |
| 25 | Morristown Town | $121,340 (±$14,435) |
| 26 | Pequannock Township | $120,666 (±$6,642) |
| 27 | Jefferson Township | $119,836 (±$12,888) |
| 28 | Mine Hill Township | $119,583 (±$16,169) |
Showing 13 of 39 places in Morris County, ranked from highest to lowest.
The figures for Rockaway Township include the places inside it that have pages of their own: Lake Telemark, Mount Hope, White Meadow Lake.
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 Rockaway Township
What is the median household income in Rockaway Township?
The median household income in Rockaway Township is $141,868 (±$4,783) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Rockaway Township?
About $92,600 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,315 a month.
Have incomes in Rockaway Township kept up with inflation?
In Rockaway Township, the median household income went from $111,026 in 2015–2019 to $141,868 in 2020–2024 (+27.8%).
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 Township?
The median renting household in Rockaway Township, NJ earns $106,880 (±$12,134) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Rockaway township, Morris County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Rockaway township, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Rockaway township, Morris County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Rockaway township, Morris County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Rockaway township, Morris County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Rockaway township, 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 township, Morris County, New Jersey (county subdivision:64080, 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
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- Rent burden in Rockaway Township
- Renters and owners in Rockaway Township
- Home values in Rockaway Township
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- Property taxes in Rockaway Township
- Types of homes in Rockaway Township
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- Population growth in Rockaway Township
- How long people stay in Rockaway Township
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- 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