Florham Park borough, New Jersey Demographics & Population 2026
As of 2026, Florham Park borough, New Jersey has a total population of 13,134, the 103rd largest city in New Jersey, with a median household income of $147,714, which is 46% higher than the state average. The poverty rate is 7.8%.
Key Takeaways
- Household income is 46% above the state average — one of the wealthiest communities in New Jersey.
Florham Park borough Quick Facts
How Florham Park borough Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 65 | National average: 60
Education
Educational Attainment (Adults 25+)
Florham Park borough Rankings in New Jersey
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Other Cities in Morris County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Morristown town | 20,256 | $115,409 | 9.2% | $552,800 |
| Dover town | 18,420 | $70,519 | 11.6% | $347,100 |
| Madison borough | 16,464 | $168,469 | 2.8% | $882,900 |
| Lincoln Park borough | 10,901 | $119,000 | 3.4% | $419,500 |
| Kinnelon borough | 9,971 | $178,102 | 2.0% | $682,600 |
| Chatham borough | 9,219 | $250,001 | 2.5% | $944,300 |
| Boonton town | 8,803 | $100,417 | 7.5% | $475,300 |
| Butler borough | 8,072 | $110,375 | 9.3% | $425,900 |
| Wharton borough | 7,254 | $92,548 | 18.8% | $348,100 |
| Rockaway borough | 6,589 | $100,028 | 6.3% | $427,800 |
Cities Similar to Florham Park borough
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| New Providence borough | 13,577 | $162,877 | $734,300 | 66.6% | 2.1% |
| Oakland borough | 12,700 | $162,862 | $567,200 | 54.4% | 3.2% |
| River Edge borough | 12,024 | $155,827 | $637,500 | 70.8% | 3.2% |
| Mercerville CDP | 13,693 | $125,678 | $330,500 | 43.7% | 2.8% |
| Fords CDP | 13,052 | $116,250 | $414,100 | 38.8% | 5.1% |
Population Overview
Florham Park borough is a small city located in New Jersey, within Morris County. The total population is 13,134. It ranks as the 103rd most populous out of 700 cities and towns in New Jersey.
Age Demographics
The median age in Florham Park borough is 39.9 years. This is about average than the state median of 40.1 years. 10.4% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Florham Park borough is $147,714. This is 46% higher than the state median of $101,050. Compared to the national median of $78,538, household income here is 88% higher. The poverty rate stands at 7.8%. This is 21% lower than the state poverty rate of 9.8%. The unemployment rate is 4.6%. This is 26% lower than the state rate of 6.2%. The median home value is $722,700. Housing costs are 69% higher than the state median of $427,600. The home-value-to-income ratio is 4.9x. 69.6% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 63.7%.
Race & Ethnicity
The largest racial or ethnic group in Florham Park borough is White (non-Hispanic), making up 66.8% of the population. Asian residents account for 10.5%. The Hispanic or Latino population (10.2%) is well below the state average of 21.9%.
Education
66.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 55% higher than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.1%. Notably, 31.5% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Florham Park borough, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Florham Park borough, New Jersey?
Florham Park borough, New Jersey has a population of 13,134 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Florham Park borough, NJ?
The median household income in Florham Park borough is $147,714, which is 88% higher the national median of $78,538.
What is the poverty rate in Florham Park borough, NJ?
The poverty rate in Florham Park borough is 7.8%. This means approximately 894 residents live below the federal poverty line.
What is the racial makeup of Florham Park borough, New Jersey?
Florham Park borough's population is 66.8% White, 9.0% Black, 10.2% Hispanic/Latino, and 10.5% Asian.
What is the median home value in Florham Park borough, NJ?
The median home value in Florham Park borough is $722,700. The home-value-to-income ratio is 4.9x.
How educated is Florham Park borough, New Jersey?
66.3% of adults (25+) in Florham Park borough hold a bachelor's degree or higher, and 31.5% hold a graduate or professional degree.