Old Tappan borough, New Jersey Median Income

Old Tappan borough, New Jersey has a population of 6,181, with a median household income of $188,114.

Current median income data for Old Tappan borough.

$188,114

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Population

6,181

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Median Income

$188,114

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Unemployment

1.40%

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Housing Price

$821,114

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Crime Rate

0.10

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Internet Speed

289.70 Mbps

Old Tappan borough is a small local community located in New Jersey. The city has a population that is below the average city population in New Jersey, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in New Jersey, Old Tappan borough provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Old Tappan borough has a population of 6,181, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Old Tappan borough is $188,114, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Old Tappan borough average around $821,114, which is relatively high compared to other cities in New Jersey.

Employment and Safety

The unemployment rate in Old Tappan borough is 1.40%, which is lower than the state average, indicating a relatively strong job market. Old Tappan borough has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in New Jersey, Old Tappan borough shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Old Tappan borough offers a balanced mix of economic conditions, population trends, and housing opportunities within New Jersey.

Frequently Asked Questions about Old Tappan borough

What is the population of Old Tappan borough?

The population of Old Tappan borough is approximately 6,181.

Is Old Tappan borough a good place to live?

Old Tappan borough offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Old Tappan borough?

The median household income in Old Tappan borough is around $188,114.

How expensive is housing in Old Tappan borough?

The average housing price in Old Tappan borough is approximately $821,114.