Thorofare, NJ
Population 2,419 · New Jersey
About Thorofare, NJ
Thorofare is a small town located in New Jersey with a population of 2,419 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,344 per year, which is 16% above the national median of $75,149. The median age of 56.1 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 Thorofare features a median home value of $272,700, which is 11% above the national median of $244,900. This positions Thorofare in a moderately priced market relative to the rest of the country. Median monthly rent is $1,868, 61% above the national average of $1,163/month. Of the 1,237 total housing units, 73% are owner-occupied (884 units) and 27% are renter-occupied (327 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Thorofare shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Thorofare have an average one-way commute time of 35.4 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
25.6% of Thorofare 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 0.5% White, 2.4% Hispanic or Latino, 4.6% Black or African American, and 0.0% Asian residents, with 2.6% of the population being foreign-born.
How Thorofare Ranks in New Jersey
Cost of Living in Thorofare, NJ
Compared to national averages, Thorofare has a median household income of $87,344 (16% above the national median of $75,149). Home values average $272,700, which is 11% above the national median. Monthly rent at $1,868 is 61% above the US average of $1,163. Within New Jersey, Thorofare's income is 24% below the state average of $115,667, and home values are 42% below the state median of $469,644.
Why Live in Thorofare, NJ?
Thorofare offers a strong local economy with a median household income of $87,344, well above the national average, and a strong job market with an unemployment rate of just 0.5%, and a low poverty rate of 6.0%, better than the national average.
Thorofare has a population of 2,419 with a median age of 56.1 years. Compare Thorofare with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Thorofare
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pine Beach | 2,378 | $121,333 | $438,300 | Compare |
| Clearbrook | 2,477 | $34,958 | $245,300 | Compare |
| Manahawkin | 2,359 | $79,417 | $399,500 | Compare |
| Beverly | 2,489 | $92,807 | $190,100 | Compare |
| Leonardo | 2,342 | $122,216 | $432,200 | Compare |
| Gibbsboro | 2,337 | $99,881 | $278,200 | Compare |
| Laurel Lake | 2,514 | $51,633 | $138,100 | Compare |
| Whittingham | 2,516 | $75,764 | $386,600 | 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 Thorofare With Other Cities
Frequently Asked Questions about Thorofare
What is the population of Thorofare, NJ?
The population of Thorofare, NJ is 2,419 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 Thorofare?
The median household income in Thorofare, NJ is $87,344 per year, which is 16% above the national median of $75,149.
What is the median home value in Thorofare?
The median home value in Thorofare, NJ is $272,700, which is 11% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Thorofare?
The median monthly rent in Thorofare, NJ is $1,868, which is 61% above the national average of $1,163/month.
What is the unemployment rate in Thorofare?
The unemployment rate in Thorofare, NJ is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Thorofare, NJ a good place to live?
Thorofare offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,419 and a median age of 56.1, the city appeals to established professionals and retirees.
How educated is Thorofare, NJ?
25.6% of residents in Thorofare aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Thorofare?
Key cost-of-living indicators for Thorofare, NJ: median home value is $272,700 (11% above national), median rent is $1,868/month, and median household income is $87,344. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Thorofare?
The poverty rate in Thorofare, NJ is 6.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Thorofare, NJ?
Thorofare's population is 0.5% White, 2.4% Hispanic or Latino, 4.6% Black or African American, 0.0% Asian, and 4.0% two or more races. 2.6% of residents are foreign-born.