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Stanhope Apartment Features
Apartments Near Stanhope
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Living In Stanhope, NJ
Stanhope is a small town in New Jersey with just over 3,000 residents. Middle-aged professionals make up a greater percentage of the population here (46%) than nationally (38%), meaning they will find no shortage of activities, while young professionals account for a smaller percentage of the town. Just 13% of residents rent in Stanhope, as most own their homes. Relatively high rent costs may be a contributing factor, as the average rent of $1,559 a month is substantially higher than the state average of $1,272.
Stanhope residents have an average commute of about 39 minutes, slower than the New Jersey average of about 34 minutes. Many residents (51%) commute to work by car or truck, while public transit isn't extensively used. Relatively few residents walk to work.
Stanhope has a relatively high percentage of residents over the age of 25 with a Bachelor's, Master's, Professional, or Doctoral degree (26%) compared to the national average (21%). Many Stanhope residents work in one of three industries: healthcare, retail, and manufacturing. Combined, these industries account for 24% of the town's workforce. Meanwhile, in terms of job function, 9% of residents work in sales, which ranks as the top profession in the town. Stanhope workers earn an average annual income of around $92,000, slightly more than the state average. The town's average income also compares favorably to the national average ($73,345).
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