Wharton, NJ

Full City Profile · New Jersey · Morris County County

3.3 /5.0
B Good
7,254 Population 3,488/sq mi density
$92,548 Median Income $47,966 per capita
$348,100 Home Value $498,012 Zillow
$1,886 Median Rent 29.9% income on rent
51°F Avg Temperature
53 Violent Crime/100K 796 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$92,548 median income, 3.3% unemployment
A+
Affordability
4.6 / 5.0
$348,100 home value, $1,886/mo rent
F
Safety
1.0 / 5.0
53 violent crimes/100K
B
Education
3.3 / 5.0
29.3% bachelor's degree or higher

Wharton, NJ

At a Glance

Median Income
$92,548
23% above
$47,966 per capita
Home Value
$348,100
23% above
Zillow: $498,012
Median Rent
$1,886/mo
62% above
29.9% of income on rent
Violent Crime
53/100K
86% below
796/100K property
Bachelor's Degree+
29.3%
13% below
90.0% high school+
Unemployment
3.3%
8% below
17.5% poverty rate
Obesity Rate
28.2%
12% below
11.8% smoking rate
Avg Temperature
51°F

How Wharton Compares to the U.S. Average

Each bar shows Wharton's value as a percentage of the national average (100% = U.S. avg)

Income
123%
Home Value
123%
Rent
162%
Poverty
141%
Bachelor's
87%
Unemployment
92%
Crime
14%
Thin vertical line = U.S. national average (100%)

Is Wharton a Good Place to Live?

B
3.3 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Wharton residents earn a median household income of $92,548 , which is 23% above the national average of $75,149. Per capita income is $47,966. The unemployment rate stands at 3.3% (8% below the U.S. rate of 3.6%). 17.5% of residents live below the poverty line. The area is home to 18,002 business establishments, including 1,349 restaurants.

Housing & Cost of Living

The median home value in Wharton is $348,100 , 23% above the national median of $281,900. Zillow estimates the typical home at $498,012. Median rent is $1,886/month, with 29.9% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1966.

Safety & Crime

Wharton reports 53 violent crimes per 100,000 residents , which is 86% below the national average of 380/100K. Property crime is 796/100K.

Education

29.3% of adults in Wharton hold a bachelor's degree or higher (13% below the national average). 90.0% have completed high school. Local schools score 7.5/10 in standardized testing.

Climate & Weather

Wharton has an average annual temperature of 51°F (10°C). Winters average 27°F in January while summers reach 73°F in July. Annual precipitation totals 48.8 inches. Air quality is rated Good with a median AQI of 37.

Data Overview

People

Population7,254
Median Age39.4 yrs
Density3,488/mi²
Male / Female48% / 52%
Foreign Born27.1%
Veterans7.1%

Economy

A
Median Income$92,548
Per Capita$47,966
Unemployment3.3%
Poverty17.5%
County GDP$74,395M
Avg Weekly Wage$1,946

Housing

A+
Home Value$348,100
Rent$1,886
Ownership53.5%
Zillow$498,012
Housing Units2,913
Rent Burden29.9%

Crime

F
Violent53/100K
Property796/100K

Health

Obesity28.2%
Diabetes10.4%
Smoking11.8%
Heart Disease5.1%
Premature Death4,240/100K

Climate

Avg Temp51°F
Rain48.8 in/yr
AQI37 (Good)
Elevation666 ft

Education

B
Bachelor's+29.3%
High School+90.0%
Graduate+8.9%
School Score7.5/10

Community

2024 VoteR 50% / D 48%
Commute31 min
Broadband88.5%
Internet Speed105 Mbps
EV Stations3
Libraries37

Did You Know?

Wharton was founded in 1895.
The median home in Wharton was built in 1966.
The nearest airport is Newark Liberty International (26 miles).
The Gini coefficient (income inequality) is 0.461 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
9.5% of the population has a disability.
27.1% of residents are foreign-born.
Average internet download speed is 105 Mbps.
There are 1,349 restaurants in the area.
The county recorded 19 fatal vehicle crashes.