Andover, NJ
Full City Profile · New Jersey · Morris County County
4.3
/5.0
A
Great
716
Population
530/sq mi density
$78,750
Median Income
$40,985 per capita
$355,400
Home Value
$575,909 Zillow
$1,549
Median Rent
33.2% income on rent
51°F
Avg Temperature
A
Overall
4.3 / 5.0
Strong
A
Economy
4.4 / 5.0
$78,750 median income, 3.3% unemployment
A
Affordability
4.1 / 5.0
$355,400 home value, $1,549/mo rent
A+
Education
4.5 / 5.0
43.9% bachelor's degree or higher
Income Overview
Median Household Income
$78,750
5% above
US avg: $75,149
Per Capita Income
$40,985
5% above
US avg: $39,052
Unemployment Rate
3.3%
8% below
US avg: 3.6%
Poverty Rate
1.4%
89% below
US avg: 12.4%
Income Comparison: Andover vs. U.S. Average
Each bar shows Andover’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$78,750
105%
Per Capita
US: $39,052
$40,985
105%
IRS Avg AGI
US: $72,000
$156,784
218%
Avg Weekly Wage
US: $1,432
$1,946
136%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,946
36% above US avg ($1,432)
Mean Commute Time
39 min
40% above US avg (28 min)
Work From Home
11.1%
27% below US avg (15.2%)
Drive Alone
72.8%
1% below US avg (73.2%)
Public Transit
3.3%
34% below US avg (5.0%)
County GDP
$74,395M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
72.8%
Public Transit
3.3%
Work From Home
11.1%
Other
12.8%
Average commute time
39 minutes
US avg: 28 min
Business Landscape
Total Establishments
18,002
Restaurants
1,349
Healthcare
1,822
Retail
1,639
Manufacturing
496
Tax & Financial
IRS Avg Adjusted Gross Income
$156,784
118% above US avg ($72,000)
Avg Property Tax
$13,570
288% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $78,750 |
| Per Capita Income | $40,985 |
| IRS Avg Adjusted Gross Income | $156,784 |
| Avg Weekly Wage | $1,946 |
| County GDP | $74,395M |
Hardship Indicators
| Unemployment Rate | 3.3% |
| Poverty Rate | 1.4% |
| Gini Coefficient | 0.461 |
| Cost of Living Index | 108.8 |
Commute
| Mean Commute | 39 minutes |
| Drive Alone | 72.8% |
| Public Transit | 3.3% |
| Work From Home | 11.1% |
Businesses
| Total Establishments | 18,002 |
| Restaurants | 1,349 |
| Healthcare | 1,822 |
| Retail | 1,639 |
| Manufacturing | 496 |
Tax
| IRS Avg AGI | $156,784 |
| Avg Property Tax | $13,570 |