Wanamassa, NJ
Population 4,344 · New Jersey
About Wanamassa, NJ
Wanamassa is a small town located in New Jersey with a population of 4,344 residents according to the latest US Census Bureau American Community Survey data. The median household income is $167,712 per year, which is 123% above the national median of $75,149. The median age of 43.4 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 Wanamassa features a median home value of $526,400, which is 115% above the national median of $244,900. This places Wanamassa in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,836, 58% above the national average of $1,163/month. Of the 1,708 total housing units, 89% are owner-occupied (1,438 units) and 11% are renter-occupied (185 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wanamassa shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wanamassa have an average one-way commute time of 27.5 minutes.
Education & Demographics
66.6% of Wanamassa 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 0.0% White, 0.0% Hispanic or Latino, 3.3% Black or African American, and 0.0% Asian residents, with 4.8% of the population being foreign-born.
Cost of Living in Wanamassa, NJ
Compared to national averages, Wanamassa has a median household income of $167,712 (123% above the national median of $75,149). Home values average $526,400, which is 115% above the national median. Monthly rent at $1,836 is 58% above the US average of $1,163. Within New Jersey, Wanamassa's income is 45% above the state average of $115,667, and home values are 12% above the state median of $469,644.
Why Live in Wanamassa, NJ?
Wanamassa offers a strong local economy with a median household income of $167,712, well above the national average, and a strong job market with an unemployment rate of just 2.8%, and a well-educated community where 66.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $526,400. However, Wanamassa’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wanamassa has a population of 4,344 with a median age of 43.4 years. Compare Wanamassa with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Wanamassa
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Magnolia | 4,360 | $89,489 | $221,100 | Compare |
| Oak Valley | 4,374 | $90,563 | $226,000 | Compare |
| Egg Harbor City | 4,378 | $67,604 | $182,100 | Compare |
| Leisure Village East | 4,309 | $47,231 | $211,600 | Compare |
| Holiday City South | 4,294 | $55,298 | $244,300 | Compare |
| Westville | 4,285 | $78,333 | $183,500 | Compare |
| Atlantic Highlands | 4,409 | $125,438 | $615,300 | Compare |
| Medford Lakes | 4,267 | $151,190 | $368,200 | 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 Wanamassa With Other Cities
Frequently Asked Questions about Wanamassa
What is the population of Wanamassa, NJ?
The population of Wanamassa, NJ is 4,344 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 Wanamassa?
The median household income in Wanamassa, NJ is $167,712 per year, which is 123% above the national median of $75,149.
What is the median home value in Wanamassa?
The median home value in Wanamassa, NJ is $526,400, which is 115% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wanamassa?
The median monthly rent in Wanamassa, NJ is $1,836, which is 58% above the national average of $1,163/month.
What is the unemployment rate in Wanamassa?
The unemployment rate in Wanamassa, NJ is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wanamassa, NJ a good place to live?
Wanamassa offers above-average incomes, a competitive housing market, and a strong job market. With a population of 4,344 and a median age of 43.4, the city appeals to a broad range of residents.
How educated is Wanamassa, NJ?
66.6% of residents in Wanamassa 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 Wanamassa?
Key cost-of-living indicators for Wanamassa, NJ: median home value is $526,400 (115% above national), median rent is $1,836/month, and median household income is $167,712. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wanamassa?
The poverty rate in Wanamassa, NJ is 6.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wanamassa, NJ?
Wanamassa's population is 0.0% White, 0.0% Hispanic or Latino, 3.3% Black or African American, 0.0% Asian, and 0.0% two or more races. 4.8% of residents are foreign-born.