Waretown, NJ
Population 1,894 · New Jersey
About Waretown, NJ
Waretown is a small town located in New Jersey with a population of 1,894 residents according to the latest US Census Bureau American Community Survey data. The median household income is $118,450 per year, which is 58% above the national median of $75,149. The median age of 41.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Waretown features a median home value of $498,600, which is 104% above the national median of $244,900. This places Waretown in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 852 total housing units, 84% are owner-occupied (610 units) and 16% are renter-occupied (117 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waretown shows an unemployment rate of 10.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waretown have an average one-way commute time of 46.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
33.7% of Waretown 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 0.0% White, 4.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Waretown, NJ
Compared to national averages, Waretown has a median household income of $118,450 (58% above the national median of $75,149). Home values average $498,600, which is 104% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Jersey, Waretown's income is 2% above the state average of $115,667, and home values are 6% above the state median of $469,644.
Why Live in Waretown, NJ?
Waretown offers a strong local economy with a median household income of $118,450, well above the national average, and rent that’s lower than the national average at $0/month, and a low poverty rate of 4.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $498,600. However, Waretown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waretown has a population of 1,894 with a median age of 41.4 years. Compare Waretown with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Waretown
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Victory Gardens | 1,891 | $52,235 | $224,800 | Compare |
| Navesink | 1,904 | $145,708 | $695,300 | Compare |
| Allentown | 1,926 | $134,583 | $397,100 | Compare |
| Presidential Lakes Estates | 1,927 | $84,038 | $221,800 | Compare |
| Stonebridge | 1,932 | $119,732 | $608,400 | Compare |
| Upper Pohatcong | 1,851 | $101,338 | $238,400 | Compare |
| Brass Castle | 1,844 | $144,865 | $419,600 | Compare |
| Princeton Junction | 1,842 | $219,375 | $669,100 | 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 Waretown With Other Cities
Frequently Asked Questions about Waretown
What is the population of Waretown, NJ?
The population of Waretown, NJ is 1,894 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 Waretown?
The median household income in Waretown, NJ is $118,450 per year, which is 58% above the national median of $75,149.
What is the median home value in Waretown?
The median home value in Waretown, NJ is $498,600, which is 104% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waretown?
The median monthly rent in Waretown, NJ is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Waretown?
The unemployment rate in Waretown, NJ is 10.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Waretown, NJ a good place to live?
Waretown offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,894 and a median age of 41.4, the city appeals to a broad range of residents.
How educated is Waretown, NJ?
33.7% of residents in Waretown 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 Waretown?
Key cost-of-living indicators for Waretown, NJ: median home value is $498,600 (104% above national), median rent is $0/month, and median household income is $118,450. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Waretown?
The poverty rate in Waretown, NJ is 4.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Waretown, NJ?
Waretown's population is 0.0% White, 4.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 3.1% two or more races. 1.5% of residents are foreign-born.