Boonton, NJ
Population 8,803 · New Jersey
About Boonton, NJ
Boonton is a small town located in New Jersey with a population of 8,803 residents according to the latest US Census Bureau American Community Survey data. The median household income is $100,417 per year, which is 34% above the national median of $75,149. The median age of 40.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Boonton features a median home value of $475,300, which is 94% above the national median of $244,900. This places Boonton in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,761, 51% above the national average of $1,163/month. Of the 3,757 total housing units, 57% are owner-occupied (1,995 units) and 43% are renter-occupied (1,519 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Boonton shows an unemployment rate of 6.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Boonton have an average one-way commute time of 24.5 minutes.
Education & Demographics
48.6% of Boonton 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 0.4% White, 2.5% Hispanic or Latino, 7.1% Black or African American, and 7.5% Asian residents, with 13.0% of the population being foreign-born.
Cost of Living in Boonton, NJ
Compared to national averages, Boonton has a median household income of $100,417 (34% above the national median of $75,149). Home values average $475,300, which is 94% above the national median. Monthly rent at $1,761 is 51% above the US average of $1,163. Within New Jersey, Boonton's income is 13% below the state average of $115,667, and home values are 1% above the state median of $469,644.
Why Live in Boonton, NJ?
Boonton offers a strong local economy with a median household income of $100,417, well above the national average, and a well-educated community where 48.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.5%, better than the national average. Additionally, the city features short commute times averaging just 24.5 minutes.
Potential considerations include a competitive housing market where the typical home costs $475,300. However, Boonton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Boonton has a population of 8,803 with a median age of 40.2 years. Compare Boonton with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Boonton
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Madison Park | 8,798 | $76,396 | $386,200 | Compare |
| Pitman | 8,834 | $96,199 | $258,400 | Compare |
| North Haledon | 8,757 | $131,810 | $517,200 | Compare |
| Whippany | 8,862 | $153,725 | $612,500 | Compare |
| Clayton | 8,867 | $89,375 | $244,800 | Compare |
| Caldwell | 8,898 | $101,196 | $563,000 | Compare |
| White Meadow Lake | 8,706 | $150,042 | $441,000 | Compare |
| Audubon | 8,699 | $116,900 | $288,500 | 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 Boonton With Other Cities
Frequently Asked Questions about Boonton
What is the population of Boonton, NJ?
The population of Boonton, NJ is 8,803 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Boonton?
The median household income in Boonton, NJ is $100,417 per year, which is 34% above the national median of $75,149.
What is the median home value in Boonton?
The median home value in Boonton, NJ is $475,300, which is 94% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Boonton?
The median monthly rent in Boonton, NJ is $1,761, which is 51% above the national average of $1,163/month.
What is the unemployment rate in Boonton?
The unemployment rate in Boonton, NJ is 6.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Boonton, NJ a good place to live?
Boonton offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,803 and a median age of 40.2, the city appeals to a broad range of residents.
How educated is Boonton, NJ?
48.6% of residents in Boonton 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 Boonton?
Key cost-of-living indicators for Boonton, NJ: median home value is $475,300 (94% above national), median rent is $1,761/month, and median household income is $100,417. The home-value-to-income ratio is 4.7x, a moderate figure by national standards.
What is the poverty rate in Boonton?
The poverty rate in Boonton, NJ is 7.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Boonton, NJ?
Boonton's population is 0.4% White, 2.5% Hispanic or Latino, 7.1% Black or African American, 7.5% Asian, and 6.1% two or more races. 13.0% of residents are foreign-born.