Wharton borough, New Jersey Demographics & Population 2026
As of 2026, Wharton borough, New Jersey has a total population of 7,254, the 225th largest city in New Jersey, with a median household income of $92,548, which is 8% lower than the state average. The poverty rate is 18.8%.
Wharton borough Quick Facts
How Wharton 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+)
Wharton 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 |
| Florham Park borough | 13,134 | $147,714 | 7.8% | $722,700 |
| 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 |
| Rockaway borough | 6,589 | $100,028 | 6.3% | $427,800 |
Cities Similar to Wharton borough
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Palmyra borough | 7,447 | $85,014 | $216,600 | 29.7% | 8.8% |
| Barrington borough | 7,047 | $84,334 | $244,400 | 43.7% | 6.1% |
| Berlin borough | 7,503 | $101,008 | $310,000 | 32.9% | 5.9% |
| Brigantine city | 7,702 | $88,906 | $485,000 | 45.6% | 9.4% |
| Washington borough | 7,287 | $79,280 | $260,200 | 29.5% | 11.5% |
Population Overview
Wharton borough is a small city located in New Jersey, within Morris County. The total population is 7,254. It ranks as the 225th most populous out of 700 cities and towns in New Jersey.
Age Demographics
The median age in Wharton borough is 39.4 years. This is 2% lower than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Wharton borough is $92,548. This is 8% lower than the state median of $101,050. Compared to the national median of $78,538, household income here is 18% higher. The poverty rate stands at 18.8%. This is 92% higher than the state poverty rate of 9.8%. The unemployment rate is 3.3%. This is 46% lower than the state rate of 6.2%. The median home value is $348,100. Housing costs are 19% lower than the state median of $427,600. The home-value-to-income ratio is 3.8x. 53.5% of occupied housing units are owner-occupied. This homeownership rate is 16% lower than the state average of 63.7%.
Race & Ethnicity
The largest racial or ethnic group in Wharton borough is Hispanic or Latino, making up 51.1% of the population. White (non-Hispanic) residents account for 44.8%. The Black or African American population (0.0%) is well below the state average of 12.3%. The Hispanic or Latino population is significantly higher than the state average (51.1% vs 21.9%). The Asian population (0.8%) is well below the state average of 9.8%.
Education
29.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 32% lower 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 90.0%.
Data Sources & Methodology
All demographic data for Wharton 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 Wharton borough, New Jersey?
Wharton borough, New Jersey has a population of 7,254 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Wharton borough, NJ?
The median household income in Wharton borough is $92,548, which is 18% higher the national median of $78,538.
What is the poverty rate in Wharton borough, NJ?
The poverty rate in Wharton borough is 18.8%. This means approximately 1,362 residents live below the federal poverty line.
What is the racial makeup of Wharton borough, New Jersey?
Wharton borough's population is 44.8% White, 0.0% Black, 51.1% Hispanic/Latino, and 0.8% Asian.
What is the median home value in Wharton borough, NJ?
The median home value in Wharton borough is $348,100. The home-value-to-income ratio is 3.8x.
How educated is Wharton borough, New Jersey?
29.3% of adults (25+) in Wharton borough hold a bachelor's degree or higher, and 7.6% hold a graduate or professional degree.