Stanhope, NJ
Population 3,551 · New Jersey
About Stanhope, NJ
Stanhope is a small town located in New Jersey with a population of 3,551 residents according to the latest US Census Bureau American Community Survey data. The median household income is $134,583 per year, which is 79% above the national median of $75,149. The median age of 40.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Stanhope features a median home value of $326,000, which is 33% above the national median of $244,900. This positions Stanhope in a moderately priced market relative to the rest of the country. Median monthly rent is $1,796, 54% above the national average of $1,163/month. Of the 1,359 total housing units, 85% are owner-occupied (1,118 units) and 15% are renter-occupied (202 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Stanhope shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 2.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Stanhope have an average one-way commute time of 36.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
39.1% of Stanhope residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.6% White, 0.0% Hispanic or Latino, 4.3% Black or African American, and 6.9% Asian residents, with 8.3% of the population being foreign-born.
Cost of Living in Stanhope, NJ
Compared to national averages, Stanhope has a median household income of $134,583 (79% above the national median of $75,149). Home values average $326,000, which is 33% above the national median. Monthly rent at $1,796 is 54% above the US average of $1,163. Within New Jersey, Stanhope's income is 16% above the state average of $115,667, and home values are 31% below the state median of $469,644.
Why Live in Stanhope, NJ?
Stanhope offers a strong local economy with a median household income of $134,583, well above the national average, and a well-educated community where 39.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.5%, better than the national average.
Stanhope has a population of 3,551 with a median age of 40.6 years. Compare Stanhope with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Stanhope
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Netcong | 3,543 | $92,596 | $344,300 | Compare |
| North Cape May | 3,577 | $82,198 | $323,900 | Compare |
| High Bridge | 3,584 | $116,424 | $298,600 | Compare |
| Roebling | 3,591 | $83,083 | $185,500 | Compare |
| Gibbstown | 3,494 | $90,371 | $228,800 | Compare |
| Tuckerton | 3,616 | $78,934 | $297,200 | Compare |
| North Wildwood | 3,620 | $85,812 | $446,400 | Compare |
| Upper Greenwood Lake | 3,621 | $124,297 | $331,400 | 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 Stanhope With Other Cities
Frequently Asked Questions about Stanhope
What is the population of Stanhope, NJ?
The population of Stanhope, NJ is 3,551 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 Stanhope?
The median household income in Stanhope, NJ is $134,583 per year, which is 79% above the national median of $75,149.
What is the median home value in Stanhope?
The median home value in Stanhope, NJ is $326,000, which is 33% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Stanhope?
The median monthly rent in Stanhope, NJ is $1,796, which is 54% above the national average of $1,163/month.
What is the unemployment rate in Stanhope?
The unemployment rate in Stanhope, NJ is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Stanhope, NJ a good place to live?
Stanhope offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,551 and a median age of 40.6, the city appeals to a broad range of residents.
How educated is Stanhope, NJ?
39.1% of residents in Stanhope 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 Stanhope?
Key cost-of-living indicators for Stanhope, NJ: median home value is $326,000 (33% above national), median rent is $1,796/month, and median household income is $134,583. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Stanhope?
The poverty rate in Stanhope, 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 Stanhope, NJ?
Stanhope's population is 0.6% White, 0.0% Hispanic or Latino, 4.3% Black or African American, 6.9% Asian, and 3.1% two or more races. 8.3% of residents are foreign-born.