Wharton, New Jersey Demographics & Population 2026
During the 2020–2024 ACS period, Wharton, New Jersey had a total population of 7,318, the 223rd largest borough in New Jersey, with a median household income of $85,767, which is 17% lower than the state average. The poverty rate is 15.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Wharton Quick Facts
How Wharton Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 7,254 | 7,318 | +0.9% |
| Median household income | $92,548 | $85,767 | -7.3% |
| Median home value | $348,100 | $380,700 | +9.4% |
How Wharton Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 66 | National average: 61
Education
Educational Attainment (Adults 25+)
Wharton Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Morris County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Parsippany | 21,345 | $99,405 | 6.7% | $555,400 |
| Morristown | 20,453 | $121,340 | 7.8% | $567,600 |
| Dover | 18,563 | $73,737 | 14.2% | $366,700 |
| Madison | 16,447 | $171,471 | 3.2% | $943,200 |
| Florham Park | 13,564 | $158,696 | 8.7% | $791,400 |
| Lake Hiawatha | 11,018 | $104,663 | 3.4% | $428,600 |
| Pompton Plains | 10,971 | $117,959 | 5.6% | $539,000 |
| Lincoln Park | 10,957 | $123,397 | 2.9% | $443,300 |
| Budd Lake | 10,650 | $114,154 | 4.6% | $456,100 |
| Lake Hopatcong | 10,259 | $117,625 | 4.0% | $424,200 |
Cities Similar to Wharton
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Washington | 7,334 | $81,336 | $263,300 | 27.1% | 8.5% |
| Keyport | 7,171 | $82,321 | $417,100 | 35.2% | 9.1% |
| Barrington | 7,076 | $87,290 | $273,200 | 48.7% | 7.4% |
| Palmyra | 7,485 | $89,574 | $234,800 | 32.4% | 10.2% |
| Dunellen | 7,911 | $86,967 | $393,500 | 28.2% | 22.6% |
Population Overview
Wharton is a small city located in New Jersey, within Morris County. The total population is 7,318. It ranks as the 223rd most populous out of 700 Census-designated places in New Jersey.
Age Demographics
The median age in Wharton is 46.3 years. This is 15% higher than the state median of 40.1 years. Only 14.2% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Wharton is $85,767. This is 17% lower than the state median of $103,556. It is also 6% higher than the national median of $80,734. The poverty rate stands at 15.3%. This is 57% higher than the state poverty rate of 9.7%. The unemployment rate is 7.4%. This is 17% higher than the state rate of 6.3%. The median home value is $380,700. Housing costs are 16% lower than the state median of $454,400. The home-value-to-income ratio is 4.4x. 59.0% of occupied housing units are owner-occupied. This homeownership rate is 8% lower than the state average of 63.8%.
Race & Ethnicity
The largest racial or ethnic group in Wharton is Hispanic or Latino, making up 51.3% of the population. White (non-Hispanic) residents account for 43.8%. The Black or African American population (0.7%) is well below the state average of 12.2%. The Hispanic or Latino population is significantly higher than the state average (51.3% vs 22.5%). The Asian population (0.6%) is well below the state average of 10.1%.
Education
28.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 34% lower than the state rate of 43.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.8%.
Data Sources & Methodology
All demographic data for Wharton, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Wharton, New Jersey?
Wharton, New Jersey has a population of 7,318 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Wharton, NJ?
The median household income in Wharton is $85,767, which is 6% higher than the national median of $80,734.
What is the poverty rate in Wharton, NJ?
The poverty rate in Wharton is 15.3%. This means approximately 1,117 residents live below the federal poverty line.
What is the racial makeup of Wharton, New Jersey?
Wharton's population is 43.8% White, 0.7% Black, 51.3% Hispanic/Latino, and 0.6% Asian.
What is the median home value in Wharton, NJ?
The median home value in Wharton is $380,700. The home-value-to-income ratio is 4.4x.
How educated is Wharton, New Jersey?
28.8% of adults (25+) in Wharton hold a bachelor's degree or higher, and 6.4% hold a graduate or professional degree.