Andover, NJ
Population 716 · New Jersey
About Andover, NJ
Andover is a small community located in New Jersey with a population of 716 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,750 per year, which is 5% above the national median of $75,149. The median age of 42.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Andover features a median home value of $355,400, which is 45% above the national median of $244,900. This positions Andover in a moderately priced market relative to the rest of the country. Median monthly rent is $1,549, 33% above the national average of $1,163/month. Of the 299 total housing units, 60% are owner-occupied (165 units) and 40% are renter-occupied (109 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Andover shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Andover have an average one-way commute time of 38.7 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
43.9% of Andover residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.4% Hispanic or Latino, 0.7% Black or African American, and 2.1% Asian residents, with 10.5% of the population being foreign-born.
Cost of Living in Andover, NJ
Compared to national averages, Andover has a median household income of $78,750 (5% above the national median of $75,149). Home values average $355,400, which is 45% above the national median. Monthly rent at $1,549 is 33% above the US average of $1,163. Within New Jersey, Andover's income is 32% below the state average of $115,667, and home values are 24% below the state median of $469,644.
Why Live in Andover, NJ?
Andover offers a strong local economy with a median household income of $78,750, well above the national average, and a strong job market with an unemployment rate of just 3.3%, and a well-educated community where 43.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.9%, better than the national average.
Andover has a population of 716 with a median age of 42.5 years. Compare Andover with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Andover
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Encore at Monroe | 713 | $72,896 | $463,900 | Compare |
| Allenwood | 721 | $217,500 | $727,600 | Compare |
| Oceanville | 721 | $163,459 | $247,600 | Compare |
| Branchville | 724 | $124,167 | $299,600 | Compare |
| Fieldsboro | 701 | $88,125 | $333,700 | Compare |
| Harlingen | 697 | $227,438 | $717,900 | Compare |
| Grenloch | 748 | $128,333 | $228,700 | Compare |
| Belleplain | 675 | $65,357 | $282,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Andover With Other Cities
Frequently Asked Questions about Andover
What is the population of Andover, NJ?
The population of Andover, NJ is 716 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Jersey.
What is the median household income in Andover?
The median household income in Andover, NJ is $78,750 per year, which is 5% above the national median of $75,149.
What is the median home value in Andover?
The median home value in Andover, NJ is $355,400, which is 45% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Andover?
The median monthly rent in Andover, NJ is $1,549, which is 33% above the national average of $1,163/month.
What is the unemployment rate in Andover?
The unemployment rate in Andover, NJ is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Andover, NJ a good place to live?
Andover offers above-average incomes, a competitive housing market, and a strong job market. With a population of 716 and a median age of 42.5, the city appeals to a broad range of residents.
How educated is Andover, NJ?
43.9% of residents in Andover aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Andover?
Key cost-of-living indicators for Andover, NJ: median home value is $355,400 (45% above national), median rent is $1,549/month, and median household income is $78,750. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Andover?
The poverty rate in Andover, NJ is 4.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Andover, NJ?
Andover's population is 0.0% White, 0.4% Hispanic or Latino, 0.7% Black or African American, 2.1% Asian, and 0.0% two or more races. 10.5% of residents are foreign-born.