Florham Park, NJ
Population 13,134 · New Jersey
About Florham Park, NJ
Florham Park is a mid-sized city located in New Jersey with a population of 13,134 residents according to the latest US Census Bureau American Community Survey data. The median household income is $147,714 per year, which is 97% above the national median of $75,149. The median age of 39.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Florham Park features a median home value of $722,700, which is 195% above the national median of $244,900. This places Florham Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,009, 159% above the national average of $1,163/month. Of the 4,914 total housing units, 70% are owner-occupied (3,193 units) and 30% are renter-occupied (1,394 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Florham Park shows an unemployment rate of 4.6%, which is near the national rate of 3.7%. The poverty rate stands at 7.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Florham Park have an average one-way commute time of 26.1 minutes.
Education & Demographics
66.3% of Florham Park 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, 1.5% Black or African American, and 6.6% Asian residents, with 14.2% of the population being foreign-born.
Cost of Living in Florham Park, NJ
Compared to national averages, Florham Park has a median household income of $147,714 (97% above the national median of $75,149). Home values average $722,700, which is 195% above the national median. Monthly rent at $3,009 is 159% above the US average of $1,163. Within New Jersey, Florham Park's income is 28% above the state average of $115,667, and home values are 54% above the state median of $469,644.
Why Live in Florham Park, NJ?
Florham Park offers a strong local economy with a median household income of $147,714, well above the national average, and a well-educated community where 66.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $722,700. However, Florham Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Florham Park has a population of 13,134 with a median age of 39.9 years. Compare Florham Park with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Florham Park
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ridgefield Park | 13,167 | $98,184 | $459,400 | Compare |
| Fords | 13,052 | $116,250 | $414,100 | Compare |
| Woodland Park | 13,284 | $85,638 | $475,400 | Compare |
| Somerville | 12,958 | $103,869 | $403,600 | Compare |
| Franklin Park | 13,327 | $111,508 | $326,800 | Compare |
| Holiday City-Berkeley | 12,896 | $47,855 | $237,200 | Compare |
| Red Bank | 12,864 | $101,738 | $477,000 | Compare |
| Eatontown | 13,537 | $90,174 | $454,300 | 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 Florham Park With Other Cities
Frequently Asked Questions about Florham Park
What is the population of Florham Park, NJ?
The population of Florham Park, NJ is 13,134 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New Jersey.
What is the median household income in Florham Park?
The median household income in Florham Park, NJ is $147,714 per year, which is 97% above the national median of $75,149.
What is the median home value in Florham Park?
The median home value in Florham Park, NJ is $722,700, which is 195% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Florham Park?
The median monthly rent in Florham Park, NJ is $3,009, which is 159% above the national average of $1,163/month.
What is the unemployment rate in Florham Park?
The unemployment rate in Florham Park, NJ is 4.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Florham Park, NJ a good place to live?
Florham Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 13,134 and a median age of 39.9, the city appeals to a broad range of residents.
How educated is Florham Park, NJ?
66.3% of residents in Florham Park 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 Florham Park?
Key cost-of-living indicators for Florham Park, NJ: median home value is $722,700 (195% above national), median rent is $3,009/month, and median household income is $147,714. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Florham Park?
The poverty rate in Florham Park, NJ is 7.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Florham Park, NJ?
Florham Park's population is 0.3% White, 0.3% Hispanic or Latino, 1.5% Black or African American, 6.6% Asian, and 9.0% two or more races. 14.2% of residents are foreign-born.