Wanaque, NJ Profile: Facts & Data

The primary coordinate point for Wanaque is located at latitude 41.0382 and longitude -74.294 in Passaic County. The formal boundaries for the Borough of Wanaque encompass a land area of 8.01 sq. miles and a water area of 1.24 sq. miles. Passaic County is in the Eastern time zone (GMT -5).

The Borough of Wanaque 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.

Wanaque, NJ Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	10,953 (100%)
Population in Households	10,654 (97.3%)
Population in Families	8,798 (80.3%)
Population in Group Quarters¹	299 ( 2.7%)
Population Density	1,359
Diversity Index²	58


INCOME
Median Household Income	$105,890
Average Household Income	$131,384
% of Income for Mortgage⁴	23%
Per Capita Income	$52,528
Wealth Index⁵	137
Socioeconomic Status Index⁶	Moderate (58.3)

HOUSING
Total HU (Housing Units)	4,582 (100%)
Owner Occupied HU	3,691 (80.6%)
Renter Occupied HU	685 (14.9%)
Vacant Housing Units	206 ( 4.5%)
Median Home Value	$383,253
Average Home Value	$421,546
Housing Affordability Index³	88

HOUSEHOLDS
Total Households	4,376
Average Household Size	2.43
Family Households	2,970
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Wanaque, NJ - Peer Comparisons by Rank and Percentile

The table below compares Wanaque to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2024 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	2020-2024	2024-2029
Population	-0.77%	-0.57%
Households	-0.09%	-0.14%
Families		-0.17%
Median Household Income		1.90%
Per Capita Income		3.08%
Owner Occupied HU		0.46%

Variable Description	Rank	Percentile
Total Population	# 137	81st
Population Density	# 449	36th
Median Household Income	# 372	47th
Housing Affordability Index	# 443	63rd
Per Capita Income	# 386	45th
Diversity Index	# 303	57th

Wanaque, NJ Profile: Facts & Data

Wanaque, New Jersey - Basic Facts

Wanaque, NJ Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Wanaque, NJ - Peer Comparisons by Rank and Percentile

Wanaque, NJ - Most Popular Things to Do

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