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The total population of Stanhope is estimated to be 3,533 with 1,697 males (48.03%) and 1,836 females (51.97%). There are 139 more females than males in Stanhope.
The median household income in Stanhope was $109,987 in 2021, which marked an an increase of 651(0.60%) from $109,336 in 2020. This income is 147.42% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Stanhope sees its highest median household income among householders in the age group of 45 to 64 years old, at $128,297. Overall, the median household income for the borough of Stanhope stands at $109,987.
In Stanhope, the median income for all workers aged 15 years and older, regardless of work hours, was $63,728 for males and $44,837 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $74,354 for males and $61,280 for females.
In Stanhope, there are just two different racial groups among households. Among these, Black or African American households report a median household income of $214,401, while White households have a median household income of $110,451.
In 2022, the population of Stanhope was 3,560, a 0.25% increase year-by-year from 2021. Previously, in 2021, Stanhope's population was 3,551, an increase of 0.97% compared to a population of 3,517 in 2020.
The median age in Stanhope, NJ is 41.5, as per 2021 ACS 5-Year Estimates. Of the total population, 19.15% were under the age of 15, 16.90% aged 15 to 29, 50.18% aged 30 to 64, 12.94% aged 65 to 84, and 0.83% were 85 years of age and older.
Racial distribution of Stanhope population: 86.94% are White, 3.24% are Black or African American, 1.39% are Asian, 2.70% are some other race and 5.72% are multiracial.