East Hanover is a somewhat small township located in the state of New Jersey. With a population of 11,120 people and two associated neighborhoods, East Hanover is the 175th largest community in New Jersey.
East Hanover home prices are not only among the most expensive in New Jersey, but East Hanover real estate also consistently ranks among the most expensive in America.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.41% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, East Hanover is a great place for families with children to consider. First of all, many other families with children live here, making East Hanover a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The township’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, East Hanover has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, East Hanover’s overall crime rate is lower than average for the country.
Even though East Hanover is a smaller township, it has many people who hop on public transportation – mostly the bus for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
If knowledge is power, East Hanover is a pretty powerful place. 54.18% of the adults in East Hanover have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in East Hanover in 2022 was $64,500, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $258,000 for a family of four.
East Hanover is a very ethnically-diverse township. The people who call East Hanover home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of East Hanover residents report their race to be White, followed by Asian. East Hanover also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.70% of the township’s residents. Important ancestries of people in East Hanover include Italian, Irish, German, Polish, and Portuguese.
East Hanover also has a high percentage of its population that was born in another country: 17.50%.
The most common language spoken in East Hanover is English. Other important languages spoken here include Spanish and Chinese.