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Andover, New Jersey

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
728
Population
$92,750
Median Income
$400,000
Home Value
44.3
Median Age

Demographics

Andover has a population of 728 with a median age of 44.3. Here is the racial and ethnic breakdown of the population:

White
73.5%
Hispanic
12.8%
Other
11.6%
Asian
2.1%
Demographic Value
Total Population728
Median Age44.3
White73.5%
Asian2.1%
Hispanic or Latino12.8%
Other / Two or More Races11.6%
Andover, New Jersey — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 73.5%Hispanic/Latino: 12.8%Other: 11.6%Asian: 2.1%728PopulationWhiteWhite73.5%Hispanic/LatinoHispanic/Latino12.8%OtherOther11.6%AsianAsian2.1%

Income & Economy

The median household income in Andover is $92,750, which is 15.1% above the national median of $80,610. The per capita income is $41,119. The poverty rate is 4.5%.

$92,750
Median Household Income
$41,119
Per Capita Income
4.5%
Poverty Rate

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Education

In Andover, 83.8% of residents age 25+ have a high school diploma or higher, and 42.9% hold a bachelor's degree or higher (10.4% with a graduate or professional degree).

HS Diploma+
83.8%
Bachelor's+
42.9%
Graduate+
10.4%
Education Level % of Adults (25+)
High School Diploma or Higher83.8%
Bachelor's Degree or Higher42.9%
Graduate or Professional Degree10.4%

Housing

The median home value in Andover is $400,000, above the national median of $303,400. The median monthly rent is $1,597. The homeownership rate is 56.1%.

$400,000
Median Home Value
$1,597/mo
Median Rent
56.1%
Homeownership Rate
Housing Metric Value
Median Home Value$400,000
Median Monthly Rent$1,597
Homeownership Rate56.1%
Vacancy Rate8.1%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Andover, New Jersey?
The population of Andover, New Jersey is 728 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Andover, New Jersey?
The median household income in Andover, New Jersey is $92,750. This is 15.1% above the national median of $80,610.
What is the median home value in Andover, New Jersey?
The median home value in Andover, New Jersey is $400,000. The median monthly rent is $1,597.
What percentage of people in Andover have a college degree?
In Andover, New Jersey, 42.9% of adults age 25 and older hold a bachelor's degree or higher, and 83.8% have a high school diploma or higher.
Is Andover, New Jersey an affordable place to live?
The home price-to-income ratio in Andover, New Jersey is 4.3x (median home value $400,000 vs. median income $92,750), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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