Mendham, NJ
Population 4,977 · New Jersey
About Mendham, NJ
Mendham is a small town located in New Jersey with a population of 4,977 residents according to the latest US Census Bureau American Community Survey data. The median household income is $223,750 per year, which is 198% above the national median of $75,149. The median age of 46.6 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 Mendham features a median home value of $764,000, which is 212% above the national median of $244,900. This places Mendham in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,250, 179% above the national average of $1,163/month. Of the 1,823 total housing units, 86% are owner-occupied (1,535 units) and 14% are renter-occupied (257 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mendham shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mendham have an average one-way commute time of 33.1 minutes.
Education & Demographics
79.2% of Mendham 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 0.1% White, 0.0% Hispanic or Latino, 0.4% Black or African American, and 2.4% Asian residents, with 12.1% of the population being foreign-born.
How Mendham Ranks in New Jersey
Cost of Living in Mendham, NJ
Compared to national averages, Mendham has a median household income of $223,750 (198% above the national median of $75,149). Home values average $764,000, which is 212% above the national median. Monthly rent at $3,250 is 179% above the US average of $1,163. Within New Jersey, Mendham's income is 93% above the state average of $115,667, and home values are 63% above the state median of $469,644.
Why Live in Mendham, NJ?
Mendham offers a strong local economy with a median household income of $223,750, well above the national average, and a strong job market with an unemployment rate of just 3.2%, and a well-educated community where 79.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $764,000. However, Mendham’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mendham has a population of 4,977 with a median age of 46.6 years. Compare Mendham with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Mendham
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ampere North | 4,968 | $71,192 | $358,000 | Compare |
| Forked River | 4,988 | $87,455 | $404,600 | Compare |
| Brielle | 4,960 | $167,754 | $815,100 | Compare |
| Franklin | 4,938 | $90,152 | $253,100 | Compare |
| Ellisburg | 5,021 | $91,272 | $294,300 | Compare |
| Florence | 5,027 | $99,020 | $270,100 | Compare |
| Demarest | 4,916 | $175,078 | $965,400 | Compare |
| Golden Triangle | 4,893 | $101,411 | $280,800 | 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 Mendham With Other Cities
Frequently Asked Questions about Mendham
What is the population of Mendham, NJ?
The population of Mendham, NJ is 4,977 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 Mendham?
The median household income in Mendham, NJ is $223,750 per year, which is 198% above the national median of $75,149.
What is the median home value in Mendham?
The median home value in Mendham, NJ is $764,000, which is 212% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mendham?
The median monthly rent in Mendham, NJ is $3,250, which is 179% above the national average of $1,163/month.
What is the unemployment rate in Mendham?
The unemployment rate in Mendham, NJ is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Mendham, NJ a good place to live?
Mendham offers above-average incomes, a competitive housing market, and a strong job market. With a population of 4,977 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is Mendham, NJ?
79.2% of residents in Mendham 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 Mendham?
Key cost-of-living indicators for Mendham, NJ: median home value is $764,000 (212% above national), median rent is $3,250/month, and median household income is $223,750. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mendham?
The poverty rate in Mendham, NJ is 2.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Mendham, NJ?
Mendham's population is 0.1% White, 0.0% Hispanic or Latino, 0.4% Black or African American, 2.4% Asian, and 0.0% two or more races. 12.1% of residents are foreign-born.