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The total population of Wharton is estimated to be 7,217 with 3,472 males (48.11%) and 3,745 females (51.89%). There are 273 more females than males in Wharton.
The median household income in Wharton was $96,262 in 2021, which marked an an increase of 2,798(2.99%) from $93,464 in 2020. This income is 129.03% 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, Wharton sees its highest median household income among householders in the age group of 45 to 64 years old, at $106,393. Overall, the median household income for the borough of Wharton stands at $96,262.
In Wharton, the median income for all workers aged 15 years and older, regardless of work hours, was $48,692 for males and $36,999 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,120 for males and $60,313 for females.
In Wharton, there are just two different racial groups among households. Among these, White households report a median household income of $107,590, while Some Other Race households have a median household income of $94,867.
In 2022, the population of Wharton was 7,245, a 0.14% decrease year-by-year from 2021. Previously, in 2021, Wharton's population was 7,255, an increase of 0.04% compared to a population of 7,252 in 2020.
The median age in Wharton, NJ is 38.4, as per 2021 ACS 5-Year Estimates. Of the total population, 18.30% were under the age of 15, 21.42% aged 15 to 29, 48.11% aged 30 to 64, 9.21% aged 65 to 84, and 2.95% were 85 years of age and older.
Racial distribution of Wharton population: 65.57% are White, 0.36% are Black or African American, 0.39% are American Indian and Alaska Native, 5.74% are Asian, 16.45% are some other race and 11.48% are multiracial.