Chatham, NJ
Population 9,219 · New Jersey
About Chatham, NJ
Chatham is a small town located in New Jersey with a population of 9,219 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Chatham features a median home value of $944,300, which is 286% above the national median of $244,900. This places Chatham in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,251, 94% above the national average of $1,163/month. Of the 3,003 total housing units, 82% are owner-occupied (2,402 units) and 18% are renter-occupied (544 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chatham shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Chatham have an average one-way commute time of 38.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
84.7% of Chatham 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 0.3% White, 0.3% Hispanic or Latino, 0.4% Black or African American, and 4.6% Asian residents, with 13.1% of the population being foreign-born.
How Chatham Ranks in New Jersey
Cost of Living in Chatham, NJ
Compared to national averages, Chatham has a median household income of $250,001 (233% above the national median of $75,149). Home values average $944,300, which is 286% above the national median. Monthly rent at $2,251 is 94% above the US average of $1,163. Within New Jersey, Chatham's income is 116% above the state average of $115,667, and home values are 101% above the state median of $469,644.
Why Live in Chatham, NJ?
Chatham offers a strong local economy with a median household income of $250,001, well above the national average, and a well-educated community where 84.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $944,300. However, Chatham’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chatham has a population of 9,219 with a median age of 37.4 years. Compare Chatham with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Chatham
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Park Ridge | 9,218 | $165,391 | $666,200 | Compare |
| Ventnor City | 9,220 | $74,619 | $345,300 | Compare |
| Pine Lake Park | 9,251 | $87,998 | $377,200 | Compare |
| Smithville | 9,260 | $72,875 | $270,600 | Compare |
| Leonia | 9,300 | $116,429 | $634,500 | Compare |
| Lake Mohawk | 9,116 | $145,806 | $418,800 | Compare |
| Bogota | 9,110 | $107,321 | $443,400 | Compare |
| Cresskill | 9,101 | $173,293 | $764,800 | 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 Chatham With Other Cities
Frequently Asked Questions about Chatham
What is the population of Chatham, NJ?
The population of Chatham, NJ is 9,219 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 Chatham?
The median household income in Chatham, NJ is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Chatham?
The median home value in Chatham, NJ is $944,300, which is 286% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chatham?
The median monthly rent in Chatham, NJ is $2,251, which is 94% above the national average of $1,163/month.
What is the unemployment rate in Chatham?
The unemployment rate in Chatham, NJ is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Chatham, NJ a good place to live?
Chatham offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 9,219 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Chatham, NJ?
84.7% of residents in Chatham 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 Chatham?
Key cost-of-living indicators for Chatham, NJ: median home value is $944,300 (286% above national), median rent is $2,251/month, and median household income is $250,001. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Chatham?
The poverty rate in Chatham, NJ is 2.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Chatham, NJ?
Chatham's population is 0.3% White, 0.3% Hispanic or Latino, 0.4% Black or African American, 4.6% Asian, and 0.5% two or more races. 13.1% of residents are foreign-born.