Whippany, NJ
Population 8,862 · New Jersey
About Whippany, NJ
Whippany is a small town located in New Jersey with a population of 8,862 residents according to the latest US Census Bureau American Community Survey data. The median household income is $153,725 per year, which is 105% above the national median of $75,149. The median age of 49.4 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 Whippany features a median home value of $612,500, which is 150% above the national median of $244,900. This places Whippany in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,619, 125% above the national average of $1,163/month. Of the 3,691 total housing units, 89% are owner-occupied (3,247 units) and 11% are renter-occupied (408 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Whippany shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 3.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Whippany have an average one-way commute time of 25.8 minutes.
Education & Demographics
55.2% of Whippany 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 0.3% White, 0.1% Hispanic or Latino, 0.9% Black or African American, and 6.5% Asian residents, with 19.8% of the population being foreign-born.
Cost of Living in Whippany, NJ
Compared to national averages, Whippany has a median household income of $153,725 (105% above the national median of $75,149). Home values average $612,500, which is 150% above the national median. Monthly rent at $2,619 is 125% above the US average of $1,163. Within New Jersey, Whippany's income is 33% above the state average of $115,667, and home values are 30% above the state median of $469,644.
Why Live in Whippany, NJ?
Whippany offers a strong local economy with a median household income of $153,725, well above the national average, and a well-educated community where 55.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $612,500. However, Whippany’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Whippany has a population of 8,862 with a median age of 49.4 years. Compare Whippany with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Whippany
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Clayton | 8,867 | $89,375 | $244,800 | Compare |
| Pitman | 8,834 | $96,199 | $258,400 | Compare |
| Caldwell | 8,898 | $101,196 | $563,000 | Compare |
| Boonton | 8,803 | $100,417 | $475,300 | Compare |
| Madison Park | 8,798 | $76,396 | $386,200 | Compare |
| Haledon | 8,936 | $94,178 | $347,700 | Compare |
| Flanders | 8,949 | $149,769 | $492,600 | Compare |
| North Haledon | 8,757 | $131,810 | $517,200 | 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 Whippany With Other Cities
Frequently Asked Questions about Whippany
What is the population of Whippany, NJ?
The population of Whippany, NJ is 8,862 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 Whippany?
The median household income in Whippany, NJ is $153,725 per year, which is 105% above the national median of $75,149.
What is the median home value in Whippany?
The median home value in Whippany, NJ is $612,500, which is 150% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Whippany?
The median monthly rent in Whippany, NJ is $2,619, which is 125% above the national average of $1,163/month.
What is the unemployment rate in Whippany?
The unemployment rate in Whippany, NJ is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Whippany, NJ a good place to live?
Whippany offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,862 and a median age of 49.4, the city appeals to established professionals and retirees.
How educated is Whippany, NJ?
55.2% of residents in Whippany 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 Whippany?
Key cost-of-living indicators for Whippany, NJ: median home value is $612,500 (150% above national), median rent is $2,619/month, and median household income is $153,725. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Whippany?
The poverty rate in Whippany, NJ is 3.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Whippany, NJ?
Whippany's population is 0.3% White, 0.1% Hispanic or Latino, 0.9% Black or African American, 6.5% Asian, and 0.2% two or more races. 19.8% of residents are foreign-born.