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71 Hanover Road is located in the Borough of Florham Park, Morris County, NJ. Florham Park is primarily a residential community located in the eastern portion of the County. It is bounded by Essex County to the east, Morris Township to the west, Hanover and East Hanover to the north, and Madison and Chatham to the south.

 

The Borough of Florham Park is within Morris County, which is situated in the north central portion of New Jersey and consists of 480 square miles.   71 Hanover Road has convenient access to regional malls, local retail shops, numerous restaurants and nearby hotels.

 

Demographics

 

Located in Morris County, the demographic statistics for Florham Park are as follows:

 

Morris County Demographics *

Population

2000 Census

1990 Census

1990 to 2000 % Change

 

 

470,212

421,353

11.6%

 

Households

2000 Census

1990 Census

1990 to 2000 % Change

 

 

169,711

148,751

14.1%

Household Income

2000 Estimate Median Household Income

2000 Estimated Average Household Income

2000 Estimated Per Capita Income

 

 

$77,021

$101,520

$36,964

     * Data Compiled by U.S. Bureau of the Census and ESRI Business Information Solutions

 

Since 1980, the population for Morris County has continued to grow with a significant increase from 1990 to 2000 of 48,859 individuals.

 

Following the population trend, the number of households within the County also grew between 1990 and 2000 and is expected to continue its growth over the next few years.

 

As one of the most affluent counties in the country, the median household income in Morris County stood at $77,021. The following table identifies Morris County's household income traits:

 

Morris County Household Income *

 

1990

2000

 

<$15,000

 

11,299

 

9,442

$15,000 - $24,999

11,182

9,016

$25,000 - $34,999

15,786

11,528

$35,000 - $49,999

24,807

19,304

$50,000 - $74,999

37,645

32,678

$75,000 - $99,999

22,044

29,978

$100,000 - $149,999

16,335

31,791

$150,000 - $199,999

9,529

 

29,057

    * Data Compiled by U.S. Bureau of the Census and ESRI Business Information Solutions

Employment

 

71 Hanover Road is located within the Northern New Jersey region, which is considered the largest of the five employment regions in the State. This is primarily due to the region's strategic location, diverse residential opportunities, highly skilled labor force and excellent transportation network. It is these attributes that continue to entice major corporate headquarters, pharmaceutical giants and major technology firms to locate with in Morris County.

 

According to the New Jersey Department of Labor, it is anticipated that Morris County will continue to be the fastest growing county and job growth is projected to outperform the entire state over the next few years. The County is projected to add 4,200 wholesale trade jobs, 1,700 finance, insurance and real estate jobs and 21,400 new service jobs in the business services and health services sectors. Projected growth in law occupations, marketing and services sales representatives is a direct correlation to the employment increases in FIRE and Services.

 

Transportation

 

Northern New Jersey and Morris County have easy access to Interstates 78, 80, 280 and 287 and Routes 10 and 24 and Eisenhower Parkway.

 

71 Hanover is within ten minutes of Morristown Airport, a local regional airport and within 20 minutes to Newark Liberty International Airport.

 

New Jersey Transit commuter railroad provides both service throughout the State and County, providing access to New York City within 45 minutes, Philadelphia within 1 hour and Washington DC within 2.5 hours.

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