Chester, NJ Profile: Facts & Data

The primary coordinate point for Chester is located at latitude 40.7843 and longitude -74.6968 in Morris County. The formal boundaries for the Borough of Chester encompass a land area of 1.59 sq. miles and a water area of 0 sq. miles. Morris County is in the Eastern time zone (GMT -5). The elevation is 846 feet.

The Borough of Chester has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Chester, NJ Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	1,668 (100%)
Population in Households	1,647 (98.7%)
Population in Families	1,402 (84.1%)
Population in Group Quarters¹	21 ( 1.3%)
Population Density	1,048
Diversity Index²	56


INCOME
Median Household Income	$122,586
Average Household Income	$185,268
% of Income for Mortgage⁴	27%
Per Capita Income	$69,888
Wealth Index⁵	233

HOUSING
Total HU (Housing Units)	659 (100%)
Owner Occupied HU	481 (73.0%)
Renter Occupied HU	148 (22.5%)
Vacant Housing Units	30 ( 4.6%)
Median Home Value	$637,162
Average Home Value	$638,929
Housing Affordability Index³	74

HOUSEHOLDS
Total Households	629
Average Household Size	2.62
Family Households	439
Average Family Size	3.00

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.

Chester, NJ - Peer Comparisons by Rank and Percentile

The table below compares Chester to the other 701 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-0.34%	-0.23%
Households	-0.28%	-0.19%
Families		-0.18%
Median Household Income		2.54%
Per Capita Income		4.94%
Owner Occupied HU		0.12%

Variable Description	Rank	Percentile
Total Population	# 485	31st
Population Density	# 489	30th
Median Household Income	# 189	73rd
Housing Affordability Index	# 107	15th
Per Capita Income	# 147	79th
Diversity Index	# 297	58th

Chester, NJ Profile: Facts & Data

Chester, New Jersey - Basic Facts

Chester, NJ Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Chester, NJ - Peer Comparisons by Rank and Percentile

Chester, NJ - Most Popular Things to Do

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