What is the median household income in Washington Township (Morris County), NJ?
The median household income in Washington Township (Morris County), NJ is $165,651 (±$14,762) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,701 a month would take about $68,000 a year at the common guideline of spending no more than 30% of income on rent.
In Washington Township (Morris County), the median household income went from $149,129 in 2015–2019 to $165,651 in 2020–2024 (+11.1%).
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
- $165,651 (±$14,762)
- Median renter income
- $63,421 (±$28,005)
- Income to afford median rent
- about $68,000
Income in Washington Township (Morris County) against Morris County, its state and the nation
| Washington Township (Morris County) | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $165,651 (±$14,762) | $137,326 (±$2,991) | $103,556 (±$513) | $80,734 |
| Median renter household income | $63,421 (±$28,005) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median owner household income | $182,321 (±$13,065) | $165,144 (±$2,794) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,701 (±$197) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Washington Township (Morris County), median household income is higher than in 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, Washington Township (Morris County) ranks 16 of 39 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 94 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 Washington Township (Morris County)
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 $1,701 a month ($20,412 a year) needs an income of about $68,000 a year.
The median renting household in Washington Township (Morris County) earns $63,421 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 | $149,129 (±$13,919) | $165,651 (±$14,762) | +11.1% | No measurable change after inflation |
| Median gross rent | $1,788 (±$425) | $1,701 (±$197) | −4.9% | No measurable change after inflation |
| Median home value | $462,300 (±$13,775) | $592,600 (±$17,760) | +28.2% | 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 Washington Township (Morris County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Washington Township (Morris County) | — | $165,651 (±$14,762) | — |
| Beattystown | 3.9 mi | $87,500 (±$27,065) | Lower |
| Califon Borough | 4.9 mi | $128,194 (±$24,523) | Lower |
| Hackettstown Town | 5.0 mi | $93,083 (±$16,732) | Lower |
| Chester Borough | 5.6 mi | $171,500 (±$48,024) | Not measurably different |
| Chester Township | 5.8 mi | $241,856 (±$20,424) | Higher |
| Flanders | 6.1 mi | $147,367 (±$12,310) | Not measurably different |
| Mansfield Township (Warren County) | 6.1 mi | $88,845 (±$14,713) | Lower |
| Mount Olive Township | 6.3 mi | $117,394 (±$14,409) | Lower |
Nearby places with a measurably lower figure: Beattystown, NJ ($87,500), Califon Borough, NJ ($128,194), Hackettstown Town, NJ ($93,083).
Nearby places with a measurably higher figure: Chester Township, NJ ($241,856).
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 |
|---|---|---|
| 10 | Kinnelon Borough | $187,438 (±$21,914) |
| 11 | Randolph Township | $175,000 (±$16,573) |
| 12 | Chester Borough | $171,500 (±$48,024) |
| 13 | Madison Borough | $171,471 (±$19,397) |
| 14 | Montville Township | $169,083 (±$22,872) |
| 15 | Long Hill Township | $169,079 (±$28,216) |
| 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) |
Showing 13 of 39 places in Morris County, ranked from highest to lowest.
The figures for Washington Township (Morris County) include the places inside it that have pages of their own: Long Valley.
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 Washington Township (Morris County)
What is the median household income in Washington Township (Morris County)?
The median household income in Washington Township (Morris County) is $165,651 (±$14,762) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Washington Township (Morris County)?
About $68,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,701 a month.
Have incomes in Washington Township (Morris County) kept up with inflation?
In Washington Township (Morris County), the median household income went from $149,129 in 2015–2019 to $165,651 in 2020–2024 (+11.1%).
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 Washington Township (Morris County)?
The median renting household in Washington Township (Morris County), NJ earns $63,421 (±$28,005) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Washington township, Morris County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Washington township, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Washington township, Morris County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Washington township, Morris County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Washington township, Morris County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Washington 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 Washington township, Morris County, New Jersey (county subdivision:77240, 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 .
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- Home values in Washington Township (Morris County)
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- New Jersey landlord and tenant rules
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- New Jersey places ranked by median household income
- Housing data for every place in New Jersey