Wanaque, NJ
Population 11,162 · New Jersey
About Wanaque, NJ
Wanaque is a mid-sized city located in New Jersey with a population of 11,162 residents according to the latest US Census Bureau American Community Survey data. The median household income is $112,326 per year, which is 49% above the national median of $75,149. The median age of 47.3 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 Wanaque features a median home value of $366,400, which is 50% above the national median of $244,900. This positions Wanaque in a moderately priced market relative to the rest of the country. Median monthly rent is $1,885, 62% above the national average of $1,163/month. Of the 4,425 total housing units, 79% are owner-occupied (3,415 units) and 21% are renter-occupied (935 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wanaque shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wanaque have an average one-way commute time of 31.3 minutes.
Education & Demographics
40.1% of Wanaque 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 1.4% White, 0.3% Hispanic or Latino, 3.8% Black or African American, and 10.0% Asian residents, with 15.0% of the population being foreign-born.
Cost of Living in Wanaque, NJ
Compared to national averages, Wanaque has a median household income of $112,326 (49% above the national median of $75,149). Home values average $366,400, which is 50% above the national median. Monthly rent at $1,885 is 62% above the US average of $1,163. Within New Jersey, Wanaque's income is 3% below the state average of $115,667, and home values are 22% below the state median of $469,644.
Why Live in Wanaque, NJ?
Wanaque offers a strong local economy with a median household income of $112,326, well above the national average, and a well-educated community where 40.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.9%, better than the national average.
Wanaque has a population of 11,162 with a median age of 47.3 years. Compare Wanaque with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Wanaque
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Westwood | 11,221 | $169,026 | $587,700 | Compare |
| Ocean City | 11,260 | $101,782 | $719,100 | Compare |
| Greentree | 11,024 | $144,426 | $419,800 | Compare |
| Franklin Lakes | 11,011 | $230,987 | $1,217,500 | Compare |
| Pompton Lakes | 11,010 | $119,038 | $411,100 | Compare |
| Beachwood | 11,002 | $102,043 | $307,500 | Compare |
| Little Ferry | 10,942 | $79,476 | $388,500 | Compare |
| Totowa | 10,919 | $114,177 | $507,700 | 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 Wanaque With Other Cities
Frequently Asked Questions about Wanaque
What is the population of Wanaque, NJ?
The population of Wanaque, NJ is 11,162 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 Wanaque?
The median household income in Wanaque, NJ is $112,326 per year, which is 49% above the national median of $75,149.
What is the median home value in Wanaque?
The median home value in Wanaque, NJ is $366,400, which is 50% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wanaque?
The median monthly rent in Wanaque, NJ is $1,885, which is 62% above the national average of $1,163/month.
What is the unemployment rate in Wanaque?
The unemployment rate in Wanaque, 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 Wanaque, NJ a good place to live?
Wanaque offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 11,162 and a median age of 47.3, the city appeals to established professionals and retirees.
How educated is Wanaque, NJ?
40.1% of residents in Wanaque 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 Wanaque?
Key cost-of-living indicators for Wanaque, NJ: median home value is $366,400 (50% above national), median rent is $1,885/month, and median household income is $112,326. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wanaque?
The poverty rate in Wanaque, NJ is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wanaque, NJ?
Wanaque's population is 1.4% White, 0.3% Hispanic or Latino, 3.8% Black or African American, 10.0% Asian, and 2.7% two or more races. 15.0% of residents are foreign-born.