Township Of Wayne NJ Demographic Data and Boundary Map
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Township Of Wayne, NJ
The Township Of Wayne is a County Subdivision of Passaic County.
The subdivision has a T1 Census Class Code which indicates that the Township Of Wayne is an active county subdivision that is not coextensive with an incorporated place.
Township Of Wayne Data & Demographics (As of July 1, 2024)
POPULATION
Total Population
53,411 (100%)
Population in Households
50,979 (95.4%)
Population in Families
44,505 (83.3%)
Population in Group Quarters1
2,432 ( 4.6%)
Population Density
2,252
Diversity Index2
57
INCOME
Median Household Income
$140,319
Average Household Income
$196,140
% of Income for Mortgage4
27%
Per Capita Income
$69,630
Wealth Index5
199
HOUSING
Total HU (Housing Units)
19,648 (100%)
Owner Occupied HU
15,352 (78.1%)
Renter Occupied HU
3,591 (18.3%)
Vacant Housing Units
705 ( 3.6%)
Median Home Value
$611,360
Average Home Value
$620,667
Housing Affordability Index3
73
HOUSEHOLDS
Total Households
18,943
Average Household Size
2.69000000000
Family Households
13,720
Average Family Size
3
NOTES
Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
