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Thorofare, 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
2,348
Population
$88,438
Median Income
$282,600
Home Value
59.6
Median Age

Demographics

Thorofare has a population of 2,348 with a median age of 59.6. Here is the racial and ethnic breakdown of the population:

White
89.2%
Black
4.3%
Hispanic
3.2%
Other
2.2%
Asian
1.1%
Demographic Value
Total Population2,348
Median Age59.6
White89.2%
Black or African American4.3%
Asian1.1%
Hispanic or Latino3.2%
Other / Two or More Races2.2%
Thorofare, New Jersey — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 89.2%Black: 4.3%Hispanic/Latino: 3.2%Other: 2.2%Other: 1.1%2,348PopulationWhiteWhite89.2%BlackBlack4.3%Hispanic/LatinoHispanic/Latino3.2%OtherOther2.2%OtherOther1.1%

Income & Economy

The median household income in Thorofare is $88,438, which is 9.7% above the national median of $80,610. The per capita income is $53,895. The poverty rate is 7.7%.

$88,438
Median Household Income
$53,895
Per Capita Income
7.7%
Poverty Rate

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Education

In Thorofare, 93.2% of residents age 25+ have a high school diploma or higher, and 26.0% hold a bachelor's degree or higher (13.2% with a graduate or professional degree).

HS Diploma+
93.2%
Bachelor's+
26.0%
Graduate+
13.2%
Education Level % of Adults (25+)
High School Diploma or Higher93.2%
Bachelor's Degree or Higher26.0%
Graduate or Professional Degree13.2%

Housing

The median home value in Thorofare is $282,600, below the national median of $303,400. The median monthly rent is $1,915. The homeownership rate is 73.5%.

$282,600
Median Home Value
$1,915/mo
Median Rent
73.5%
Homeownership Rate
Housing Metric Value
Median Home Value$282,600
Median Monthly Rent$1,915
Homeownership Rate73.5%
Vacancy Rate3.2%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Thorofare, New Jersey?
The population of Thorofare, New Jersey is 2,348 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Thorofare, New Jersey?
The median household income in Thorofare, New Jersey is $88,438. This is 9.7% above the national median of $80,610.
What is the median home value in Thorofare, New Jersey?
The median home value in Thorofare, New Jersey is $282,600. The median monthly rent is $1,915.
What percentage of people in Thorofare have a college degree?
In Thorofare, New Jersey, 26.0% of adults age 25 and older hold a bachelor's degree or higher, and 93.2% have a high school diploma or higher.
Is Thorofare, New Jersey an affordable place to live?
The home price-to-income ratio in Thorofare, New Jersey is 3.2x (median home value $282,600 vs. median income $88,438), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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