Wharton, NJ
Population 7,254 · New Jersey
About Wharton, NJ
Wharton is a small community in New Jersey with a population of 7,254 residents. The median household income is $92,548 per year, which is above the national average. The median age in Wharton is 39.4 years.
Housing in Wharton has a median home value of $348,100 and median monthly rent of $1,886. Of the 2,923 total housing units, the majority are owner-occupied, with 1,565 owner-occupied and 1,358 renter-occupied units.
The unemployment rate in Wharton is 3.3% and the poverty rate is 18.8%. 29.3% of residents hold a bachelor's degree or higher. The average commute time is 30.6 minutes.
Cost of Living in Wharton, NJ
Compared to national averages, Wharton has a median household income of $92,548 (23% above the national median of $75,149). Home values average $348,100, which is 42% above the national median. Monthly rent at $1,886 is 62% above the US average of $1,163. Within New Jersey, Wharton's income is 20% below the state average of $115,667, and home values are 26% below the state median of $469,644.
Why Live in Wharton, NJ?
Wharton offers a strong local economy with a median household income of $92,548, well above the national average, and a strong job market with an unemployment rate of just 3.3%.
Wharton has a population of 7,254 with a median age of 39.4 years. Compare Wharton with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Wharton
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Emerson | 7,263 | $153,963 | $626,000 | Compare |
| Rumson | 7,265 | $250,001 | $1,609,400 | Compare |
| Yorketown | 7,265 | $163,375 | $575,700 | Compare |
| Washington | 7,287 | $79,280 | $260,200 | Compare |
| Keyport | 7,159 | $79,036 | $374,800 | Compare |
| Palmyra | 7,447 | $85,014 | $216,600 | Compare |
| Barrington | 7,047 | $84,334 | $244,400 | Compare |
| Haddon Heights | 7,488 | $126,055 | $354,700 | 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.
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Frequently Asked Questions about Wharton
What is the population of Wharton, NJ?
The population of Wharton, NJ is 7,254 according to the latest Census data.
What is the median household income in Wharton?
The median household income in Wharton, NJ is $92,548 per year.
What is the median home value in Wharton?
The median home value in Wharton, NJ is $348,100.
What is the average rent in Wharton?
The median monthly rent in Wharton, NJ is $1,886.
What is the unemployment rate in Wharton?
The unemployment rate in Wharton, NJ is 3.3%.